283# Trap for the price scalping

1 min Scalping Forex System

Submit by Mike 20/01/2013

Setup for 1 min chart

Currecy pairs: any.

Metatrader Indicators:

(The Trap)

Bollinger Bands: (period 100, deviation 2 levels 1.0 2.0, 3.0, 4.0, 5.0 # -1.0, -2.0, -3.0, -4.0, -5.0 ;

Trend indicators:

DeltaTrend1

SHI Signal

2 MA Crossover For Entry and re-rentry

This Trading System not repaint, is simple but is not for beginners.

This trend forex system is based on retracement price into the bollinger trap.

Rules:

Go Long

DeltaTrend1 is green the trend is up. Wait that the price breaks the last upper aqua band or the black upper band, when the price retraces into the trap bands color aqua and appears blue arrow (ma Crossover) Buy. The arrow is good entry only in the trap!

Go Short

DeltaTrend1 is red the trend is up. Wait that the price breaks the last lower aqua band or the black lower band, when the price retraces into the trap bands color aqua and appears red arrow (ma Crossover) Sell. The arrow is good entry only in the trap!

Exit position options:

At oppposite arrow;
Stop loss 10-12 pips;
Profit target 6-12 pips.

This System have an great profitability

Happy Trading

In the pictures Trap for the price scalping in action.

Share your opinion, can help everyone to understand the forex strategy.

Comments: 1

#1
Goga (Tuesday, 03 November 2015 22:58)

Excellent strategy. This is the best strategy I have ever seen in my entire trading career. This is pure price action movement. Very simple but extremely powerful strategy, in fact very very powerful. Thank you so much. Will stick to this strategy forever.