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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