Momentum Scalper GOLD

This Trading system is a pure momentum binaryforexindicator.blogspot.com, It's based on the on two momentum indicators. Momentum Scalper and Ergodic BH indicator.

Time Frame 5 min.

Currency pairs major with the spread >0,0001 (< 1 pips). Or 15 min with normal spread.

Momentum Scalper GOLD

Momentum Scalper indicator ( 5 , period);

BH Ergodic indicator (1, 2,2,2,2,).

Rules for Momentum scalper tradinfg system

Remeber do not trade before the news!!!

Buy

When appears the black bar of the momentum scalper indicator above the zero line, buy at opening of the next bar if the BH Ergodic indicator is >0 (red line).

Sell

When appears the black bar of the momentum scalper indicator below the zero line, buy at opening of the next bar if the BH Ergodic indicator is <0 (red line).

Exit position

Profit target 4-5 pips. EUR/USD ,and AUD/USD 4 pips, GBP/USD 5 pips.

Place Stop loss below or above the entry bar.

add two moving averages smoothed:

moving average 25 period High;

moving average 25 period Low.

Long Entry

Only buy when the price is above moving average High with the previous rules.

Short Entry

Only when the price is sell below moving average low with the previous rules.

With this change, this idea of trading is best.

Momentum Scalper, trades with the trend

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