Scalping Method
This is another easy system to trade on a short term basis. Just look at your EURUSD, GBPUSD and AUDUSD charts on a 5 minute timeframe.
For SHORT entry:
- You can enter short when the price triggers -1;
- The candle above the trigger opens below the orange volatility pivot.
For LONG entry:
- Take a long position when price triggers 1;
- Candle above the trigger opens ABOVE the orange volatility pivot.
Various exit scenarios that is observed and you can use:
- Exit at the opposite price trigger signal (box B)
- Trail stop loss using the value of the volatility pivot indicator. (box c) where the low wick of the last candle I the box crosses the volatility pivot.
- When a candle closes with an opposite nonlagdot, you can exit the position.
Recommended MT4 Broker
XM Broker
- Free $50 To Start Trading Instantly! (Withdraw-able Profit)
- Deposit Bonus up to $5,000
- Unlimited Loyalty Program
- Award Winning Forex Broker
- Additional Exclusive Bonuses Throughout The Year
- Exclusive 50% Cash Rebates for all Trades!
Already an XM client but missing out on cashback? Open New Real Account and Enter this Partner Code: 𝟕𝐖𝟑𝐉𝐐
Click here below to download: