Open Scalping Volatility Trading System

Open Scalping Volatility Trading System

Time Frame 5 min.

Currency Pairs: Majors.

Indicators

nonlagdot‎

Volatility Pivot Open‎

precentualzz_victor

PriceTrigger

LONG ENTRY

If Price trigger == (1) and the candle above the trigger opens ABOVE the orange volatility pivot you enter LONG.

  • SHORT
    ENTRY

    If Price trigger == (-1) and the candle above the
    trigger opens BELOW the orange volatility pivot you enter SHORT.

  •  
  • EXIT RULES
Get E-Book Worth $100 for Free!!!
  • I have spotted 2 (or actually 3) EXIT scenarios:
  1. Exit at the opposite Price Trigger Signal (see box B)
  2. Trail your STOP LOSS using the value of
    the VolatilityPivot indicator (see box C where the LOW wick of the last candle in the box crosses the Volatility
    Pivot)
  3. Exit when a candle closes with an
    opposite nonlagdot (for example: if we go LONG we wait for a candle to close with a RED nonlagdot, if we go SHORT we wait for a closed candle with a
    BLUE nonlagdot

 

In the pictures Open Volatility scalping
forex system
in action.

Open Scalping Range

Open Scalping Range

Open Scalping Range

Open Scalping Range

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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
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