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83#Open Scalping Volatility Trading System

Submit by Janus Trader ( written by Nix)

 

Time Frame 5 min.

Currency Pairs: Majors.

 

Indicators

nonlagdot‎

Volatility Pivot Open‎

precentualzz_victor

PriceTrigger

 

LONG ENTRY

If Price trigger == (1) and the candle above the trigger opens ABOVE the orange volatility 
pivot you enter LONG.

  • SHORT ENTRY

    If 
    Price trigger == (-1) and the candle above the trigger opens BELOW the orange volatility pivot you enter SHORT.

  •  

  • EXIT RULES

 

  • I have spotted 2 (or actually 3) EXIT scenarios:

  1. Exit at the opposite Price Trigger Signal (see box B)

  2. 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)

  3. 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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