Scalping Method Trading System
Time Frame 5min
Pairs:EUR/USD, GBP/USD, AUD/USD.
If Price trigger == (-1) and the candle above the trigger opens BELOW the
orange volatility pivot you enter SHORT.
This condition is enclosed in the box labeled A on the illustration
If Price trigger == (1) and the candle above the trigger opens ABOVE the
orange volatility pivot you enter LONG.
This condition is enclosed in the box labeled B,C & D on the illustration
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 Volatility
Pivotindicator (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 below Volatility Pivot Points Levels in
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- 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