Recently I was experimenting with a couple of indicators used for a non-scalping system presented by BigBear - Follow The Bouncing Pip

I was debugging one of the indicators when I switched to the M5 chart and noticed a nice setup for a quick short trade... hmmm.... probably a coincidence I thought. I returned to my PC after an hour or so and there it was another setup, this time a BUY signal. At the end of the day there was yet another long trade setup.

I did some backtesting, added another indicator as a filter and came up with a scalping system, which I would like to share with you. Maybe together we can verify it, improve it and automate it.

Please let me know what you think. Here are some screen shots:







Here are the indicators I used and the template with the correct settings for the M5 chart:

Attached Files

	nonlagdot.mq4 (4.7 KB, 3308 views)
	Volatility.Pivot.Open.mq4 (2.9 KB, 3097 views)
	precentualzz_victor.mq4 (3.0 KB, 2870 views)
	PriceTrigger.mq4 (3.4 KB, 3185 views)
	pzz.tpl (2.3 KB, 2715 views)

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NiX @ www.mt4.pl