Pet-D scalping system is a trend momentum strategy based on Pet-D indicator. This is a intraday system thaty work also with binary options High/Low.
Time Frame 15 min or higher.
Markets: Indicies (S&P 500, Dax, Dow Jones, FTSE, Nasdaq), Commodites (Gold, Silver and oil) and Forex Majors.
For Binary Options trading expiry time 3 candles max 4.
Metyatrader Indicators:
Spud Fibo or an indicators of pivot level.
RSI (14 period with level 55 and 45),
DoubleCCI ( 170 and 34),
PET-D .
Buy
Pet-D green bar,
Double CCI histogram green,
RSI>55 level.
Sell
Pet-D red bar,
Double CCI histogram red,
RSI<45 level.
Exit position
At the level of support/resistance or with profit target ( 9-14 pips).
Initial Stop loss at the previous swing after 8 pips in gain move stop loss at -2 pips or breakeven level.
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