Open Scalping Volatility Trading System
Time Frame 5 min.
Currency Pairs: Majors.
Indicators
nonlagdot?
Volatility Pivot Open?
precentualzz_victor
PriceTrigger
LONG ENTRY
If Price trigger == (1) and the candle above the trigger opens ABOVE the orange volatility pivot you enter LONG.
SHORT ENTRY
If Price trigger == (-1) and the candle above the trigger opens BELOW the orange volatility pivot you enter SHORT.
EXIT RULES
I have spotted 2 (or actually 3) EXIT scenarios:
Exit at the opposite Price Trigger Signal (see box B)
Trail your STOP LOSS using the value of the VolatilityPivot indicator (see box C where the LOW wick of the last candle in the box crosses the Volatility Pivot)
Exit when a candle closes with an opposite nonlagdot (for example: if we go LONG we wait for a candle to close with a RED nonlagdot, if we go SHORT we wait for a closed candle with a BLUE nonlagdot
