This Scalping System with envelopes is setting for GBP/USD 5 min time frame, Counter-trend scalper Strategy.
EMA Period: 200
Moving Average Envelope: 0,3% of the EMA
Arrows Buy-Sell indicator.
If the price crosses and closes below the lower envelope, then buy at first buy Arrow.
If the price crosses and closes above the upper envelope, then sell at first sell Arrow.
If the price crosses and closes above the lower envelope, then exit long at market.If the price crosses and closes below the upper envelope, then exit short at market.Profit Target 12 pips; Stop Loss 15 pips.
Note: if for exit use Profit Target this is the setting: London and NewYork sessions PT=12 pips, 22:00-07:00 (GMT Berlin) PT=7 pips.
Also if the ratio of this Scalping System GBP /USD: is <1, this strategy is profitable.
Please register or login to download files from this category. But it is only for special members.