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One min contrarian trading system
It is based on two indicators Bollinger band and Contrarian indicator. Use this system on a 1 minute timeframe in all major pairs.
Forex Indicators:
- Contrarian
- Bollinger bands (20:2)
For Long Entry:
- Enter when green arrow appears during a price break of the lower band.
For Short Entry:
- Enter when red arrow appears during a price break of the upper band.
Exit the position by placing a stop loss 3 pips above the upper band for short or below the lower band for long.
Take profit on the middle band or 4 pips for AU, 5 pips for EU and 7 pips for GU.
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