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Open Scalping Volatility
This is a scalping strategy where you use all major currency pairs in a 5 minute timeframe. Indicators are listed below to make the strategy much effective.
Forex Indicators:
- nonlagdot?
- Volatility Pivot Open?
- precentualzz_victor
- PriceTrigger
For LONG entry:
- If Price trigger == (1)
- The candle is above the trigger opens ABOVE the orange volatility pivot you can buy.
For SHORT entry:
- If Price trigger == (-1);
The candle is above the trigger opens BELOW the orange volatility pivot you can sell.
There are various rules on when to exit the position:
- Exit at the opposite Price trigger signal.
- Trail stop using the volatility pivot indicator.
- Exit when a candle closes with an opposite nonlagdot- Wait for the candle to close with a red non lag dot if we go long.
– Wait for a closed candle with a blue non lag dot if we go short.
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