447# Price reversal band scalping
Price reversal band
Submit by James 14/01/2015
Price reversal band scalping system is a reversal and trend following strategy. This system is profitable. For this trading system i show two solutions.
Time Frame 15 min.This trading system is setting for 15 min time frame but you can use also for other time frame.
Currency pairs: majors( EUR/USD, USD/jpy, AUD/USD, NZD/USD, GBP/JPY, USD/CAD, USD/CHF, GBP/USD,) Indicies (S&P 500, Dow Jones, DAX, FTSE).
Metatrader Indicators
ultimate bars,
Price Reversal band,
ultimate alerts and arrows (volatility quality indicator),
RSI extremus (aggressive),
Fibo trend optional filter.
Trading rules Price reversal band scalping
Tips 1: I shared two tmplates with two differents arrows (first with volatility quality, second with RSI Extremus, more aggressive).
Buy
When price touched or broken ,green band of the price reversal band indicator,for buy,we wait for blue arrow.
Fibotrend indicator blue bar (optional).
Sell
When price touched or broken ,red band of of the price reversal band indicator l,for buy,we wait for red arrow.
Fibotrend indicator red bar (optional).
Tips 2: with RSI Extremus arrow go for two entry see example in the picture.
Exit
At the opposite arrow or ratio stop loss 1.3.
Initial stop loss at the previos high/low swing.
In the pictures price reversal band in action.
You can apply Price reversal band scalpingfor trading with binary options high/low
Expiry time 12 candles. See example.
Write a comment
asaens (Friday, 16 January 2015 10:40)
It appears as if an indicator in upper right of screens displayed is not included in archive file. If not to be included, objects no longer to be included should be "cleared" or removed before saving template file. For those already using current template, you may want to clear all objects before continuing to use it because some objects from previous templates may be displayed on your screen that are not applicable and no longer functional or being used in current screen and those objects are not being updated.
asaens (Friday, 16 January 2015 17:42)
this would also do well with SSA candles
Peter (Wednesday, 21 January 2015 12:06)
Thanks for this system, it looks very much promising. Pls, I like to use it on higher time frame say, 4hr or Daily. Is there any setting for higher time frames or it is okay using it on higher time frame with the setting uploaded here?