BeanFX V-75 Index Scalper 2
BeanFX V-75 Index Scalper 2 is another strategy that is suitable for V-75 Index traders. The strategy combines five Meta Trader 5 indicators for scalp signal generation.
However, the indicators are Moving averages, MACD, Momentum, Relative Strength Index and Bollinger Bands. The ideal time frame for this strategy is the 5 Minutes time frame. It is also suitable for higher time frames.
(Please try this strategy on a demo account before going live).
(You can use Volatility Index 75 Scalper, Scalper 2, Scalper 3, Scalper 4, Mulilo, Iyanu and Zuri strategy for scalping V75).
Traders can also use this strategy to generate signals for Forex Currency Pairs.
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BeanFX Volatility Index 75 Scalper
How To Setup Indicators On MT5
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How To Setup The Indicators For BeanFX V-75 Scalper 2:
Three moving averages are installed on the main MT5 window with the following settings.
Price forms a bullish setup on the Main Indicator window when price crosses above all three moving averages as shown in the image below.
Traders can confirm a bullish trend when the black moving average crosses up on the green moving average. One can also confirm that uptrend price movement is intact when price continuously bounce above the black moving average.
The formation of higher highs and higher lows above the black moving average is important for bullish setup identification.
Bullish setup is partially or fully invalidated when price closes below the red moving average.
On the other hand, it forms a bearish setup when price crosses down on all three moving averages. One can confirm a bearish trend when the black moving average crosses down on the red moving average.
We can easily confirm that downtrend price movement is intact when price continuously slide below the black moving average.
The formation of lower highs and lower lows below the black moving average is important for bearish setup identification.
Bearish setup is partially or fully invalidated when price closes above the green moving average.
Technically, bullish or bearish setup represents Price Breakout or Reversal/Swing condition. However, during consolidation/range period, fake breakouts are visible.
Indicator Window 1:
MACD and moving average indicators are loaded on Indicator Window 1 with the following settings;
Bullish trend starts on Indicator Window 1 whenever the Red moving average line crosses above the zero level as shown below.
Bearish trend starts on Indicator Window 1 when the Red moving average line cross below the zero level as shown below.
Indicator Window 2:
The relative strength Index, Bollinger Bands and Momentum indicators are installed on Indicator Window 2 with the following settings.
Buy Confirmation/Entry occurs when the red momentum line moves from the lower area below the lower band and completely cross above the entire Bollinger Bands as shown below.
Sell Confirmation/Entry occurs when the red momentum line moves from the upper area above the upper band and completely cross below the entire Bollinger Bands as shown below.
When To Enter Buy Order;
-Place Buy order when the following three conditions have been met;
1. Price closed above the three moving averages on Main Chart,
2. Red line is completely above the zero level on Indicator Window 1, and
3. On Indicator Window 2, red Momentum line completely crosses above the Bollinger Bands from below the lower band area to the top area above the upper band.
4. Stop-Loss is to be placed below the red line below the Buy entry point
5. Take profit at the point when price closes below the red line (trend reversal point).
When To Enter Sell Order;
-Place Sell order when the following three conditions have been met;
1. Price closed below the three moving averages on Main Chart,
2. Red line is completely above the zero level on Indicator Window 1, and
3. On Indicator Window 2, red Momentum line completely crosses below the Bollinger Bands from above the upper band area to the lower area below the lower band.
4. Stop-Loss is to be place above the green line above Sell entry point.
5. Take profit at the point when price closes above the green line (trend reversal point).
(Broker: Alpari … https://alpari.com/en/?partner_id=1244646)
(Broker: Exness … https://www.exness.com/a/t0q1u0q1)
(Broker: FXTM… http://forextime.com/?partner_id=4806145)
27 Replies to “BeanFX V-75 Index Scalper 2”
is this applicable for meta4
Thanks for sharing the strategy. I would definately try this. Do you applied this strategy and if yes then what’s the success rate? Plus you forgot to mention the PT and SL for this strategy.
The page will be updated soon. Thank you Adnan.
Sir, I noticed that cross over happens at window 1 and 2 before the cross of the moving average,
Please will it be good to enter a trade with window 1 and 2 crossovers
Enter on window 1 and 2 crossovers for small scalp profits. But enter on the crossovers of the main chart and the two indicator windows for reasonable scalp profits
Thank you so much for sharing this strategy. Others charge for it.
I will use same strategy in Forex and Stocks also.
Please how do i input Bollinger Band on Indicator chart as in your example chart?
Secondly, i didnt find First Indicators Data. What is there is Previous Indicator Data with others.
Which one should i use?
You are welcome!
Thanks for the detailed write-up.
Please how do i get First Indicators Data on my mt5. what i have there is Previous Indicator Data.
First indicator data should be below Previous data. You can chat me up on telegram for explanation https://t.me/joinchat/KWBvKBDyn1nFB_3JQkR6GQ
Does this strategy work on mt5 mobile app
Yes. V75 is not available on MT4.
Can i apply this stratégie on forex with forex on mt4?
Yes, you can
Is the Volatility 75 index strategy automated ?
Like a robot, no.
Which broker can I use to trade VIX 75 on MT4?
Only on MT5. Feel free to sign up via my referral link https://record.binary.com/_WxWzztorkVi6tyDIijdDK2Nd7ZgqdRLk/1/
Do you enter this strategy in this order? Because I tried putting it in and I couldn’t find the ‘First Indicator’s Data’ under the ‘Apply to’ section in Moving Averages and Bollinger Bands.
Let’s discuss on telegram https://t.me/joinchat/AAAAAE97zaWdZg5KBbrIVQ
Great work. God bless you sir
Thank you David.
Can we also use this steategy for currency pairs..or better still what strategy do you propose for currency pairs
Can this strategy be used for other markets aside Vix75 ?
Yes. You can use it for other markets.
Thank you for this sir. Please what zoom level should I use for the Bollinger bands in window 2 ????????????????