593# Scalping Action with BBstop

Submit by Florien

Scalping Action with Bbstop is a trend-momentum price action strategy for day trading. Price action because for filter there is also a high/low zig zag indicator.

I like this trading method, but in later stages can generate false signals.

Time frame 5 min or 15 min.

Currency pairs majors with low spread.

Trading Sessions: London and New York. Do not trades before the news.

Metatrader 4 Indicators

GP clock,

Signals bars V.6,

Cleon Heiken Aschi,

GWS Zig Zag point,

Super Signals V.2a,

Zig Zag take profit,

BBstop alert (8, 1, money risk 1.0),

Stochastic oscillator (8,3,3),

Forex signal 30 (high/low),

Zwinner Trend Indicator (price action indicator repaint).

Trading rules Scalping Action with Bbstop

Buy

BBstop alert buy arrow.

Cleon Heiken Aschi blue bar,

Stocastic oscillator crosses upward,

Forex signal 30 yellow dot,

Zwinner trend green bar.

Place initial stop loss below the previous low swing.

Profit Target 5-12 pips (5 min time frame)

Sell

BBstop alert sell arrow.

Cleon Heiken Aschi red bar,

Stocastic oscillator crosses upward,

Forex signal 30 red dot,

Zwinner trend red bar.

Place initial stop loss above the previous high swing.

Profit Target 5-12 pips (5 min time frame).

In the pictures Scalping Action with BBstop.

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