CVN Forex Scalping Strategy
This is a system that uses a CVN indicator to determine entry with 2 other indicator that compliments the CVN. You can use this in a 1 or 5 minute timeframe and this works in all major pairs.
Metatrader Indicators:
- CVN Signal ( modified for this strategy to see in the code);
- RSI ( 9 period);
- Stochastic ( 8, 5, 3,).
Buy Entry:
- Price must break the lower Bollinger Bands.
- RSI (9 period) is less than 25.
- Stochastic less than 20.
Sell Entry:
- Price must break the upper Bollinger Bands.
- RSI (9 period) is greater than 75.
- Stochastic is greater than 80.
Take Profit of 5 to 10 pips or middle band.
Place stop loss at 15-20 pips.
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