This Buying and selling procedure is a pure momentum scalping forex strategy, It is in keeping with the on two momentum indications. Momentum Scalper and Ergodic BH indicator.
Time Frame 5 min.
Foreign money pairs major with the unfold >zero,0001 (< 1 pips). Or 15 min with favourite unfold.
Momentum Scalper indicator ( 5 , period);
BH Ergodic indicator (1, 2,2,2,2,).
Rules for Momentum scalper tradinfg method
Remeber do no longer change beforehand the information!!!
When appears the black bar of the momentum scalper indicator above the zero line, purchase at opening of the subsequent bar if the BH Ergodic indicator is >0 (red line).
When appears to be like the black bar of the momentum scalper indicator below the zero line, purchase at opening of the next bar if the BH Ergodic indicator is <zero (purple line).
Profit goal 4-5 pips. EUR/USD ,and AUD/USD 4 pips, GBP/USD 5 pips.
Location Stop loss lower than or above the entry bar.
add two moving averages smoothed:
shifting average 25 period High;
shifting usual 25 duration Low.
In basic terms buy when the price is above moving overall Excessive by the past rules.
In basic terms when the cost is sell under shifting typical low with the earlier regulations.
With this alteration, this idea of trading is most useful.
Momentum Scalper with Ergodic indicator.