Open Scalping Volatility Trading System
Platform: Trading Systems Last update: August 16, 2024The Open Scalping Volatility Trading System is a great trend-following forex strategy. It provides a complete forex intraday scalping trading formula to its users.
It consists of 5 elements: Auto Pivot Indicator (important market levels), Non Lag Dots (momentum indicator working like Parabolic SAR), Percentual ZigZag (displays buy/sell arrows), Volatility Pivot Level (dynamic support and resistance that moves with price), Price Trigger Signal (signals best moment for forex entry point).
How to use the open scalping strategy?
Trading Rules Explanation
Buy Entry
Enter long trade when the following conditions are met:
- Price closes above both Non lag Dots and Volatility Pivot levels
- Price is supported by the current Auto Pivot levels
- Percentual ZigZag plots an upward arrow below the triggering bar
- Price Trigger Signal value turns positive (above 0 level)
- Set your stop loss below the current Volatility Pivot level
Sell Entry
Enter short trade when the following conditions are met:
- Price closes below both Non lag Dots and Volatility Pivot levels
- Price is resisted by the current Auto Pivot levels
- Percentual ZigZag plots an downward arrow above the triggering bar
- Price Trigger Signal value turns negative (below 0 level)
- Set your stop loss above the current Volatility Pivot level
Exit Trade / Take Profit
Exit trade when the price reaches the next Auto Pivot level, dots change the position, and the Percentual ZigZag plots the opposite arrow at the same time. You can also use your own method of trade exit.
