Standard deviation scalping
Submit by ForexStrategiesresources
This Trading System is only for ECN Brokers Accounts
Pairs:Majors
Time frame: 5M.
Spread max:0,0001.
Rules for "Standard deviation scalping".
Setup: On 5-minute bar chart, impose a 10-bar moving average. From this moving average, expand an upper and lower band exactly1 standard deviation from it.
Entry: In an up trend, we are looking only to buy the dip that penetrates the LOWER band, provided the slope of the bands are still up. In downtrends, we look to sell the rally that penetrates the UPPER band, provided the bands are sloping downwards.
Profit Exit: Close out for profit on a 8-pips gain or it the price touches the other band,whichever is sooner.
Stop Loss: Take a 7-pips stop loss or exit at market if the slope of the bands changes after entry.
The strategy "8.5 Minute Standard Deviation Scalping" is one of the most effective strategies for scalping on the Forex market. But Market Makers is based on the use of the standard deviation indicator and is designed for trading on 5-minute charts. It allows you to make profits in short periods of time, which makes it attractive for traders who prefer a quick turnover of capital. However, like any other strategy, it is not a universal solution for all traders. Each trader should choose the strategy that best suits their individual needs and trading style.
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