228# Range Factor Scalping 15 min
Forex DM Range Factor Scalping
Submit by Maximo Trader 01/08/2012
Time Frame 15 min
Currency pair:major.
ZDN;
bollinger bands(20 ,2)
signal line 13 an 21;
Rules:
Trade only in direction of the trend, to determine the direction of the trend to use ZDN.
Long Entry:
When the prices goes at the Bottom or out of the lower bands, wait uptrend signal line aqua,at_Zdn aqua,rangefactor sloping up.
Short Entry:
When the prices goes at the Top or out of the higher bands, wait downtrend signal line red,at_Zdn red,range factor sloping up.
Exit Position
When Signal line change color;
Profit Target predetermined, or ratio 1:2 stop loss;
(Profit Target Predetermined: EUR/USD 15 pips; AUD/USD 12 pips; GBP/USD 18pips.)
Stop loss on the previous swing.
In the picture Range Factor Scalping 15 min in action.
Share your opinion, can help everyone to understand the forex strategy.
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Stan (Friday, 25 December 2020 16:44)
This is a wonderful and easy to understand system. With good money management and discipline (follow the rules, and apply stop loss), this can be a highly profitable system.