Cycle of Waves Scalping Strategy is one the best scalping strategy trend reversal based on Bollinger Bands and STC color (cycle indicator) filtered by Vcustom V3 indicator. The trading system start when the price touches the Bollinger Bands after wait that the price reversal.
This strategy is also good for Binary Options high/low.
Expiry time 3-5 candles.
Time Frame 5 min or 15 min.
Currency pairs: majors, Indices and majors stocks.
Metatrader Indicators
TLB OC Support and resistance levels.
Bollinger Bands (20, period, deviations 2.0).
Key PA levels.
Bollinger Bands Toucher (20 , 2.0).
V Custom V.3
STC color (8, 16, 40).
Trading rules Cycle of Waves Scalping Strategy
Buy
When the price touches the lower bollinger bands waith that STC color line is green and that breaks upward the Vcustom -10 level.
Initial stop loss 3 pips below the entry bar.
Exit position at the levels of support and resistance or with fast profit target.
Sell
When the price touches the upper bollinger bands waith that STC color line is red and that breaks downward the Vcustom +10 level.
Initial stop loss 3 pips above the entry bar.
Exit position at the levels of support and resistance or with fast profit target.
This trading system is suitable for money management with the martingale.
Download Free Forex Cycle Waves Scalping Strategy