Open Scalping Volatility Trading System

Open Scalping Volatility Trading System

Time Frame 5 min.

Currency Pairs: Majors.

Indicators

nonlagdot?

Volatility Pivot Open?

precentualzz_victor

PriceTrigger

LONG ENTRY

If Price trigger == (1) and the candle above the trigger opens ABOVE the orange volatility pivot you enter LONG.

SHORT ENTRY

If Price trigger == (-1) and the candle above the trigger opens BELOW the orange volatility pivot you enter SHORT.

EXIT RULES

I have spotted 2 (or actually 3) EXIT scenarios:

Exit at the opposite Price Trigger Signal (see box B)

Trail your STOP LOSS using the value of the VolatilityPivot indicator (see box C where the LOW wick of the last candle in the box crosses the Volatility Pivot)

Exit when a candle closes with an opposite nonlagdot (for example: if we go LONG we wait for a candle to close with a RED nonlagdot, if we go SHORT we wait for a closed candle with a BLUE nonlagdot