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 The 5 Minute Standard Deviation Scalp

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fxpulsation




Posts : 8759
Join date : 2012-01-25

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PostSubject: The 5 Minute Standard Deviation Scalp   The 5 Minute Standard Deviation Scalp Icon_minitimeFri Apr 20, 2012 12:01 pm

The 5 Minute Standard Deviation Scalp

Pairs:Majors
Time frame: 5M.
Spread max:0,0001.
Setup: On 5-minute bar chart, impose a 10-bar moving average. From this moving average, expand an upper and lower band exactly 1 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.


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