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
below.

LONG ENTRY

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
above.

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 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
action.

Scalping Method

Scalping Method

Scalping Method

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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