Bands Volatility Scalping ~ forex trading times nz
Bands Volatility Scalping is a trend following strategy, the purpose of this system is find the trend after an explosion of volatility.
Time Frame
test 150-220 360 ticks (this strategy works best on time frames based on ticks);
1 min time frame.
Currency pairs:EUR/USD, GBP/USD
Sessions London and New York.
Indicators:
Bollinger Bands (12, 1, 1)
Envelopes ( 3 pèeriod, 1, deviation: 0.01);
I use these previous indicators for determine the new trend.
ADX (14) for examine the strength of new trend.
Long entry when the following signals take place: The candle is closed, and it price is above of the upper band of Bollinger bands and Envelope
ADX ( Average Directional Movement Index) line value is higher than 30 but lower than 50 which means that the trend is probably good.
D+ line is > D- line.
Exit long: when the current price is below of the Envelopes line or the middle line of the Bollinger Bands. Initial stop loss on the previous low swing. Set also trailing stop and an optional fast profit. target.
Short entry when the following signals take place: The candle is closed, and it price is below of the lower band of Bollinger bands and Envelope
ADX ( Average Directional Movement Index) line value is higher than 30 but lower than 50 which means that the trend is probably good.
D- line is > D+ line.
Exit short: when the current price is above of the Envelopes line or the middle line of the Bollinger Bands. Initial stop loss on the previous high swing. Set also trailing stop and an optional fast profit. target.
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Bands Volatility Scalping |
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