THE 5 MINUTE STANDARD DEVIATION SCALPING TRADING SYSTEM

THE 5 MINUTE STANDARD DEVIATION SCALPING TRADING SYSTEM

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.