Awesome
with Bollinger Bands scalping is a trend momentum intraday system very simple
but effective. Trading hours are London and New Yor Sessions.
This
trading system work only in volatile market.
1
step choose the currencies where trading
Open
charts on four hours or daily and identify two or three currency
pairs that are breakout. Apply the ADX on these currencies, the value
ADX must have a value greater than 25.
After
go on 5 min chart or 1 min chart for trading.
Setup
for intraday trading
5
min time frame or 1 min
Currency
pairs with low spread (recommended ECN markets).
Indicators:
Bollinger
Bands (20, 2),
Awesome,
Exponential
Moving Average 3 period, close.
Trading
Rules
Buy
EMA
3 period crosses upward the middle band of the BB and Awesome
oscillator
be approaching or crossing it's zero level, upward .
Sell
EMA
3 period crosses downward the middle band of the BB and Awesome
oscillator be approaching or crossing it's zero level, downward.
Exit
position:
1,
When Awesome Oscillator turns a different color or with predetermined
small profit target;
2.
Initial stop loss below/above the upper/lower band.
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