HomeForex Scalping StrategiesNeptune System Forex Scalping Strategy

Neptune System Forex Scalping Strategy

Neptune System

The Neptune strategy is a good technique to use for scalping. This is useful for traders who want to use a simple method in trading. This is effective when market is volatile and trending. Traders can use this technique during 3am to 11am EST because this is the busiest hours of the day. Use candlestick on this technique with 1M, 5mins, 15mins, and 30mins timeframe. Currency pairs to be traded are major pairs. Here are the indicators that are needed for this technique:

  • EMA (Exponential Moving Average) period 3,
  • Bollinger bands set to period 20, deviation 3,
  • Chaos Awesome Oscillator (CAO)

Rules on how to trade using this indicators:

For LONG entry:

  • EMA must cross the middle band of the Bollinger. The crossing must be upward approaching the middle band.
  • CAO must be approaching zero line going up.

For SHORT entry:

  • EMA must cross the middle band of the Bollinger band. The crossing must be downward approaching the middle band.
  • CAO must be approaching zero line going down.

To exit your position, wait for the CAO to change its color. Stop losses depends on the time frame and the crosses.

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Tim Morris
Tim Morrishttps://www.forexmt4indicators.com/
Tim Morris is a work from home dad, home-based forex trader, writer and blogger by passion. He likes to research and share the latest forex trading strategies and forex indicators on ForexMT4Indicators.com. His passion is to let everyone to be able to learn and download different types of forex trading strategies and mt4/mt5 indicators at ForexMT4Indicators.com
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