Trap For The Price Forex Scalping Strategy
This is a strategy that is useful in a 1 minute chart and works in any currency pairs. This is a trend following system and indicators on how to identify trends are given. This is based retracement price into the bollinger trap.
This system is for the experienced traders.
Metatrader Indicators:
The Trap
- Bollinger Bands: (period 100, deviation 2 levels 1.0 2.0, 3.0, 4.0, 5.0 # -1.0, -2.0, -3.0, -4.0, -5.0 ;
Trend indicators:
- DeltaTrend1
- SHI Signal
- 2 MA Crossover For Entry and re-entry
Long Entry:
- DeltaTrend1 is green the trend is up.
- The price must break the last upper aqua band or the black upper band.
- The price must retrace into the trap bands color aqua and appears blue arrow (ma Crossover) Buy.
- The arrow is good entry only in the trap!
Short Entry:
- DeltaTrend1 is red the trend is up.
- The price must break the last lower aqua band or the black lower band.
- The price must retraces into the trap bands color aqua and appears red arrow (ma Crossover) Sell.
- The arrow is good entry only in the trap!
Exit Position:
- Exit at opposite arrow.
- Place stop loss at 10-12 pips.
- Profit target must be 6-12 pips.
Recommended MT4 Brokers
XM Broker
- Free $50 To Start Trading Instantly! (Withdraw-able Profit)
- Deposit Bonus up to $5,000
- Unlimited Loyalty Program
- Award Winning Forex Broker
- Additional Exclusive Bonuses Throughout The Year
>> Sign Up for XM Broker Account here <<
FBS Broker
- Trade 100 Bonus: Free $100 to kickstart your trading journey!
- 100% Deposit Bonus: Double your deposit up to $10,000 and trade with enhanced capital.
- Leverage up to 1:3000: Maximizing potential profits with one of the highest leverage options available.
- ‘Best Customer Service Broker Asia’ Award: Recognized excellence in customer support and service.
- Seasonal Promotions: Enjoy a variety of exclusive bonuses and promotional offers all year round.
>> Sign Up for FBS Broker Account here <<
Click here below to download: