One min contrarian trading system

It is based on two indicators Bollinger band and Contrarian indicator. Use this system on a 1 minute timeframe in all major pairs.

Forex Indicators:

• Contrarian
• Bollinger bands (20:2)

For Long Entry:

• Enter when green arrow appears during a price break of the lower band.

For Short Entry:

• Enter when red arrow appears during a price break of the upper band.

Exit the position by placing a stop loss 3 pips above the upper band for short or below the lower band for long.

Take profit on the middle band or 4 pips for AU, 5 pips for EU and 7 pips for GU.

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