Price reversal band scalping system is a reversal and trendfollowing strategy. This system is profitable. For this trading system i show two solutions.
Time Frame 15 min.This trading system is setting for 15 min time frame but you can use also for other time frame.
Currency pairs: majors( EUR/USD, USD/jpy, AUD/USD, NZD/USD, GBP/JPY, USD/CAD, USD/CHF, GBP/USD,) Indicies (S&P 500, Dow Jones, DAX, FTSE).
Metatrader Indicators
ultimate bars,
Price Reversal band,
ultimate alerts and arrows (volatility quality indicator),
RSI extremus (aggressive),
Fibo trend optional filter.
Trading rules Price reversal band scalping
Tips 1: I shared two tmplates with two differents arrows (first with volatility quality, second with RSI Extremus, more aggressive).
Buy
When price touched or broken ,green band of the price reversal band indicator,for buy,we wait for blue arrow.
Fibotrend indicator blue bar (optional).
Sell
When price touched or broken ,red band of of the price reversal band indicator l,for buy,we wait for red arrow.
Fibotrend indicator red bar (optional).
Tips 2: with RSI Extremus arrow go for two entry see example in the picture.
Exit
At the opposite arrow or ratio stop loss 1.3.
Initial stop loss at the previos high/low swing.
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