10.3 SCALPER/RANGE TRADE SYSTEM

[nanningbob]

I am getting tired of waiting for the markets to move so I developed the most simple scalper system I could. The system works on any chart below 4H so you can use it on a 1M to 1H timeframe. It is almost too simple but I cant resist posting this one. Two lines on the chart no indicators. Find a currency to trade and go. The two lines are the 1MA open for the day on any TF. The second line is the daily pivot line.

The philosophy is very simple if the daily open is above the daily pivot you have the best chance of getting a buy trade. If the daily open is below the daily pivot you have the best chance at a sell trade.

Use tight SL and go for 10-50 pip profits.Have fun, I am tired of waiting for the markets to move. No other indicators are needed for the base version but we have added others for longer term trading also combining 10.2A with 10.3 to make the most complete trading system.

Pages 1-124 were system testing and development. Pages 125 and following will be trading the system as posted below. Have a profitable 2013.

Nanningbob Jan. 5,2013

All official updates will always be posted her on page 1 post 1.

1.08.13 update instructions in the folder.

[nanningbob]

Eur usd

I am sorry but the words on page 1 on the screens are wrong. They should read if the RED DAILY OPEN IS GREATER THAN THE BLACK DAILY PIVOT BUY and IF THE RED DAILY OPEN IS LESS THAN THE BLACK DAILY PIVOT SELL. SORRY GUYS.

[nanningbob]

eur jpy for today a buy?? I put a 20 profit and a 10 pip SL. See how it does. :

[nanningbob]

EJ trade set up you can see I set the TP and SL

[nanningbob]

eur nzd volatile pair and wishful thinking 35 pip profit 15 pip SL I also added 20 pip TS

[blazko]

Awesome, thank you Bob!

[POH]

looks just like what I've been wanting... everything has been so damn slow lately.

[nanningbob]

My Eur/jpy hit my +20 Pips Yeah.

[POH]

Very nice, I was watching and just saw that huge spike

[nanningbob]

EUR/NZD SET AT +5. I cannot lose on these two trades