Scalping in sideways market

Scalping in sideways market is a trading system based on the Bollinger bands, ADX and Relative Strength Index. The idea of this system is that of trading during the lateral phases in the market then you trade in those phases where ADX is less than 30 level.
Time Frame 5 min.
Currency pairs:majors or with low spread.
Indicators:
Bollinger bands (20, 2);
ADX (14 period);
RSI (7 period ).
Trading sessions: all (London, New York and Tokyo).
Do not trades 30 minutes before economic news.


Trading Rules Scalping in sideways market
Setup indicators for trading:
price to move above the upper or lower Bollinger Bands,
RSI > the 70 level or < of the 30 level line,
ADX < 30;
Buy
Price bounces or is below the lower band of the Bollinger Bands, RSI below the 30 level and ADX < 30, buy when the price come back in the bollinger band.


Sell
Price bounces or is above the upper band of the Bollinger bands, RSI above the 70 level and ADX < 30, sell when the price come back in the bollinger band.

Note: the conditions that RSI is above 70 level for sell or below 30 level for buy (is optional).
Tip:the secret of this strategy is to find sideways market.
Make profit: 3 options:
at the middle band of the Bollinger bands,
at the opposite bands,
or with fast profit target predetermined (5-8 pips).
Place intitial stop loss 3 pips above/below the upper/lower band.

Scalping in sideways market

Scalping in sideways market


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