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Volatility Quality Forex Scalping Strategy
This is a scalping strategy that uses volatility indicators to identify a good. Other indicators are also used for support. This works on a 15-minute chart and is applicable to GBPUSD pair.
Time Frame 15 min
Metatrader Indicators:
- ultima bars (Lb 35);
- SD Price Bar
- Auto Pivot plotter;
- ultimate alert and arrows (volatility quality).
- Optional: add three moving average:
20 MA, 50MA, 200MA.
Trade only in direction of the trend.
20MA > 50MA > 200MA trend is Up.
20MA < 50MA < 200MA trend is down.
Long Entry:
- Buy Arrow must appear and confirmed by SD price bar (aqua color).
Short Entry:
- Sell Arrow must appear and confirmed by SD price bar (red color).
Exit Position:
- Exit at the opposite arrow.
- Take profit at the pivot levels.
- Target profit at 12 pips.
- Place initial stop loss at the previous swing.
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