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

• 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.

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