15 min Contrarian Scalping System
This system is profitable. It uses a 15 minute chart in all currency pairs. Indicators needed are as follows:
- bollinger bands[20, 2]
- envelope[14]
- ADX (13) with moving Average 5
- Stochastic cross alert (14, 3,7)
ENTRY RULES:
Long:
- Price (up) exceeds the upper bb and upper envelope.
- Wait arrow down stochastic.
- ADXCross down moving average or is below 30.
Short:
- Price (down) exceeds lower bb and lower envelope.
- Wait arrow up stochastic.
- ADXCross down moving average or is below 30.
Stop loss must be 2 pips above the Upper or below the Lower Band of the BB.
You can take profit at 10 pips or on the middle band.
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