Introducing the BBstop Strategy with Scalping Action. This is a very simple forex trading system, Forex traders use it to enhance their profitability, success using this system is dependent on the trader using it, how disciplined are you? How much trust do you have? Are you willing to sacrifice some of the other things you do with time to properly test this system? It has been very profitable in the past and it is likely that it will be profitable in the future too. The BBstop with scalping action can be used on the 5 minutes and 15 minutes time frame hence the name “scalping action”.
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After you have installed BBstop Strategy with Scalping Action, your platform should look like this:
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- Cleon Heiken Ashi
Cleon Heiken Ashi is a charting bar that you see in the main chart. When the market is bullish this indicator is blue and when the market is bearish this indicator is red.
- BBandstop
BBandstop is a green and golden line that is above and below the market. When this indicator is green you should be buying and when this indicator is golden, you should be selling.
- Stochastic
Stochastic oscillator has two another oscillators, you can buy/sell based on the crossovers of these two crossovers.
- Forexsignal
Forexsignal comprises of golden and red line. You should be buying when seeing the golden line and you should be selling when you see the red line.
- Zwinner Trend Indicator
Zwinner trend Indicator is a group of green and red bars. When you see red bars it’s a sell signal and when you see green bars, it’s a buy signal.
Buying Conditions Using Scalping Action With BBStop.
- The market should be up trending.
- The market should be bouncing from the recent support region.
- Cleon Heiken Ashi indicator should be blue.
- Bbandstop should be green.
- The red oscillator of stochastic should be above the green oscillator.
- Forex signal should be golden.
- Zwinner trend indicator should be green.
- Place your long position when all of the above conditions are met.
- Place your stop loss below the recent swing low.
- Take your profit when several indicators turn red.
Selling Conditions Using Scalping Action with BBStop.
- The market should be down trending.
- The market should be falling from the recent resistance region.
- Cleon Heiken Ashi indicator should be red.
- Bbandstop should be golden.
- The red oscillator of stochastic should be below the green oscillator.
- Forex signals should be golden.
- Zwinner trend indicator should be red.
- Place short long position when all of the above conditions are met.
- Place your stop loss above the recent swing high.
- Take your profit when several indicators become positive.
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