83#Open Scalping Volatility Trading System
Submit by Janus Trader ( written by Nix)
Time Frame 5 min.
Currency Pairs: Majors.
Indicators
precentualzz_victor
PriceTrigger
LONG ENTRY
If Price trigger == (1) and the candle above the trigger opens ABOVE the orange volatility pivot you enter LONG.
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SHORT ENTRY
If Price trigger == (-1) and the candle above the trigger opens BELOW the orange volatility pivot you enter SHORT. -
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EXIT RULES
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I have spotted 2 (or actually 3) EXIT scenarios:
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Exit at the opposite Price Trigger Signal (see box B)
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Trail your STOP LOSS using the value of the VolatilityPivot indicator (see box C where the LOW wick of the last candle in the box crosses the Volatility Pivot)
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Exit when a candle closes with an opposite nonlagdot (for example: if we go LONG we wait for a candle to close with a RED nonlagdot, if we go SHORT we wait for a closed candle with a BLUE nonlagdot
In the pictures Open Volatility scalping forex system in action.
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