297#Scalping System with Color Stochastic
Scalping System
Submit by Ghirus (US) 22/02/2013
Time Frame 5 -15- 30 min
Currency pairs any.
Scalping System Metatrader indicators:
Color Stochastic short term (15,3,9, LWMA, High/Low 80-20);
Color Stochastic long term (30,16,18 LWMA Close/close 90-10);
Stochastic Color
color stochastic scalping
Buy
The two color stochastic be green at the same time.
The price is below lower band of the Bollinger Bands and it is for a pullback to reentry into the bands.
We buy on tick up of fast stoch with green candle.
Sell
The two color stochastic be red at the same time.
The price is below upper band of the Bollinger Bands and it is for a pullback to reentry into the bands.
We sell on tick down of fast stoch with red candle.
Stop loss
for buy 5 pips below lower band.
For buy 5 pis above the upper band.
Profit Target
2 pips before that the price touches the middle band.
Share your opinion, can help everyone to understand the forex strategy.
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rishu kumar (Tuesday, 31 March 2020)
nice information Girus you are a amazing trader. GOD BLESS YOU.