15 min Contrarian Scalping

15 min Contrarian Scalping is an forex
strategy Contrarian
or counter-trend the advantage of these forex strategies is a good profitability but with do not great gain (in relation at the time frame).

Time Frame: 15 min,
Currency Pair: all

Forex Indicators:
bollinger
bands[20, 2]
envelope[14]

ADX
(13)(with moving Average 5)

Stochastic cross alert (14, 3,7)Rules
When price [up]exceeds both upper bb and upper envelope wait arrow down stochastic if ADXCross down moving average or is below
30 enter short.

When price[down]exceeds both lower bb and lower envelope
wait arrow up stochastic if ADXCross down moving average or is below 30 enter
long
.

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Stop
loss
 2 pips above the Upper or below the Lower Band of the BB.
take profit 10 pips or on the
middle band.

In the pictures 15 min Contrarian scalping system 

Share your opinion, can help everyone to understand the forex
strategy.

  • Platform: Metatrader4
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • How to install MT4 indicator?
  • 1. On the desktop, double-click to open the MT4 trading platform software you installed.
  • 2. Click on “File” – “Open Data Folder” in the upper left corner, double-click the MQL4 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT4, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window