Are you a scalper? You should try this trading system. It is a great marvel for traders. It will make you stop making losses in scalping.
This trading system is a trend-after trading system was designed for use when trading the majors. The majors are generally taken to be all currency pairs that have USD as a part of the pair.
The main reason why this system is used for trading the majors, is because they have smaller spreads as compared to the other quotes. Also it is an added advantage to the trader to have a scalping strategy for use on trading the majors due to their high intraday movements. The major currency quotes are traded by many people and thus has a very high liquidity and their exchange rates change very often making them the perfect choice for the scalpers.
The Neptune System advanced Trading System should be used on timeframes less than or equal than 30M. Therefore you should either use it with one minute, five minute, fifteen minute and thirty minute timeframes. Also it is good to choose a currency pair that has a spread less than 25. The lesser the spread the faster you start to make profits when the trend is on your side.
The Neptune System advanced Trading System uses several trend indicators that include: exponential moving average, Bollinger bands indicator, awesome indicator, momentum indicator and stochastic RSI. The EMA used is of period 4 while that of the Bollinger bands and the momentum indicator is 14.
Fig. the indicators used in the Neptune System advanced Trading System.
When should you sell or buy using the Neptune System advanced Trading System?
Placing a buy order: this is done at the moment the EMA crosses the middle Bollinger band heading upwards. Also, the awesome indicator and the momentum indicator should be both crossing the zero or middle line while moving up. The stochastic RSI indicator should also be checked to ensure that it is at or crossing the 50 line level on its way up.
Fig. opening trades using the Neptune System advanced Trading System.
Placing a sell order: this is done at the moment the EMA crosses the middle Bollinger band heading downwards. Also, the awesome indicator and the momentum indicator should be both crossing the zero or middle line while moving down. The stochastic RSI indicator should also be checked to ensure that it is at or crossing the 50 line level on its way down.
Using this trading system to scalp gives the confidence of letting your trade to stay longer in the market if the trade is registering profits. This is because you are able to see the trend prediction of the market using the indicators used. The trade should in such circumstances be left until any of the indicator indicates a change of the current trend. For example if the awesome Oscillator turns form green to red and you had a buy then you should close the buy order.
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