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!!!
Buy
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).
Sell
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).
Exit location
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.
Momentum Scalper Trading Process
14/eleven/2013
add two moving averages smoothed:
shifting average 25 period High;
shifting usual 25 duration Low.
Long Entry
In basic terms buy when the price is above moving overall Excessive by the past rules.
Brief Entry
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.
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