Trading System Contrarian Scalping
Time Frame: 15 min,
Currency Pairs: all
Currency Pairs: all
Indicators:
bollinger band[20, 2]
envelope[14]
bollinger band[20, 2]
envelope[14]
ADX (13)(with moving Average 5)
Stochastic cross alert (14, 3,7)Rules
When price [up]exceeds both upper bb and upper envelope wait arrow down stochastic if ADX Cross down moving average or is below 30 enter short.
When price[down]exceeds both lower bb and lower envelope wait arrow up stochastic if ADX Cross down moving average or is below 30 enter long.
Stop loss 2 pips above the Upper or below the Lower Band of the BB.
take profit 10 pips or on the middle band.
