150# 15 min Contrarian Scalping System


Daniel is a full time private forex trader and blogger, mainly adopting a scalping / day trading strategy. Following graduation in , Daniel has steadily developed his experience and knowledge in the forex arena, and in the wider financial sphere.

This is essentially a move against the predominant trend, and a potent trading strategy that can devise a means of knowing this is crucial. If price trades along the upper outer band of the Bollinger Bands, it is a trigger to buy the designated forex pair. In this example 9 period. If price shows some resistance along the blue dotted horizontal line, it is indicative of a possible bearish reversal i.

15 min Contrarian Scalping

Submit by Danny 16/10/ Counter Trend Strategy is a contrarian trading system based on Forex Milionaire indicator filterd. Here there are three system Here I filtered forex milionaire in three ways. The first with Trend Half a trend following indicator fast. The second with the indicator Step Ma, the third with indicators of strength and trend-mometum (Williams' Percent Range, and RSX CFB).

If price trades along the upper outer band of the Bollinger Bands, it is a trigger to buy the designated forex pair. If price shows some resistance along the blue dotted horizontal line, it is indicative of a possible bearish reversal i. If the MACD custom indicator displays a green histogram below the 0.

If the Bollinger Bands contracts, it is a signal that spells decreasing volatility, as such an exit or take profit will suffice. Sell Entry Rules Enter a sell order if the following holds sway: If the bands of the Bollinger Bands indicator squeezes along with price trading around the blue dotted horizontal line of the support and resistance- Ac custom indicator as see Fig. If the MACD custom indicator forms green histograms that are aligned below the 0.

If price trades along the lower outer band of the Bollinger Bands, it is a trigger to go short on the currency pair of interest. If price shows some resistance along the red dotted horizontal line, it is indicative of a possible bullish reversal i. If the MACD custom indicator readjust to form a green histogram above the 0. If the Bollinger Bands contracts during a bearish trend, it is a signal that spells decreasing volatility i. Sell Trade Example Fig.

Initial stop loss 20 pips after 11 pips in gain move stop loss at the entry point. In markets with high volatility the best solution is the first template because Half Trend is fast enough. In markets with low volatility the best solution is the third template because oscillators interpret better the small movements. Kiijun Tencan 9,26, 3, 3. TP 12 20 pips, but yo can also us ATR stop for exit.

Forex Millionaire Binary Strategy. Share your opinion, can help everyone to understand the forex strategy. Fx Contrarian Trading System -. Contrarian Trading System -. Here there are three system Here I filtered forex milionaire in three ways. Half Trend, up trend aqua line color, dow trend red color Step MA. Buy Forex Milionaire buy alert confirmed by Half Trend aqua line.

Forex Milionaire with Half Trend. Forex Milionaire with trend momentum filter. In this example 9 period. In this example 14 period.