163# Contrarian Scalping Method

Submit By Joy22

Contrarian Scalpoing method is trading strategy for fast trades with fast dynamic profits based on bollinger bands and moving averages. The aim of the strategy is precisely to take advantage of the fast return towards moving averages. This type of strategy can be used on all time frames.

Setup strategy
Time frame 3 minutes or more.
Currency pairs: mayors, stock indices and major cryptocurrencies with low spreads. This strategy if used at low time frames the spreases must be low.
Technical indicators
Bollinger Bands: (deviation 2.0, 20 periods).
Simple 34 period moving average, close.
Simple moving average 100 periods, close.
Trading rules Contrarian Scalping method
Trades are generated in the opposite direction to the trend, when the price exits the bollinger bands and then re-enters.
Buy
Trend up: MA 20, MA 34,> MA 100.
The price comes out of the lower band of the BBs. and returns.
But please note the blue re-entry candle must be full more than half of its amplitude otherwise the setup is invalid. This condition is very important.
Sell
Trend up: MA 20, MA 34, <MA 100.
The price comes out of the upper band of the BBs. and returns.
But please note the red re-entry candle must be full more than half of its amplitude otherwise the setup is invalid. This condition is very important.
Exit position
Target profit on moving averages in relation to risk.
Stop loss in relation to time frame and currency pair.

Note: Enhance your filter strategy:
Analyze the indicator and draw a horizontal line on an appropriate filter level in relation to the time frame. Discretionary.