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Bawang 3 Scalping System
This system uses works on a 5 minute timeframe in AUDUSD, EURUSD and GBPUSD pairs.
Here are the list of indicators needed for this strategy:
- Bollinger Bands
- Moving Average
- MA Ribbon
- MACD 4CZ
- MACD Twoline
- KGMA 1.3
- Dolly Graphic V.10
- Bwang3 without Dolly graphic 3
For LONG entry:
- MA 200 must be greater than the middle Bollinger bands 290.
- Ribbon Green and MACD didge blue.
- Re-enter on the retracement on the ribbon green, white MACD, dodge blue.
For SHORT entry:
- MA 200 must be less than the middle Bollinger band 290.
- Ribbon red and MACD maroon.
- Re-enter on the retracement on the red ribbon, white MACD maroon.
To exit position, place stop loss on MA 200.
Take profit on the upper band or lower band. You can also take profit at 6 pips for AUDUSD, 8 pips for EURUSD and 10 pips for GBPUSD.
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