Free Forex Indicators (MT4), Trend Following Indicators

Open Scalping Volatility Trading System

Open Scalping Volatility Trading System is known as the best trend following trading strategy among the top Forex tools available so far. It provides a complete Forex trend based trading solution to its users. All you need to do is to follow the system rules while trading at the market.

Open Scalping Volatility Trading System is adjustable to all kind of timeframe charts and also fits with any tradable Forex currency pairs. Thus, this system has earned an wide acceptance among the traders of all levels in Forex market.

Open Scalping Volatility Trading System Overview:

After the installation of Open Scalping Volatility Trading System at your MT4 terminal, your trading chart will be appeared as the following image:

Open Scalping Volatility Trading System Overview
Open Scalping Volatility Trading System Overview
Time Frame Currency Pairs Indicator Factors Ratings
Any Any 5 9.8/10

Open Scalping Volatility Trading System Anatomy:

Open Scalping Volatility Trading System Anatomy
Open Scalping Volatility Trading System Anatomy
  • Auto Pivot Indicator: This indicator calculates the pivots and plots the levels with dotted horizontal lines. Thus, it helps traders to find the daily important market levels automatically on a daily basis.
  • Non Lag Dots: It almost looks like the well known Forex indicator ‘Parabolic SAR’ and works with the same manner as well. Price closes above the dots signals the bullish momentum and closes below the dots signals the bearish mode of the market.
  • Percentual ZigZag: It plots the momentum signal with its up/downward arrows. A yellow upward arrow signals the bullish momentum and a red downward arrow represents the bearish thrust of the price.
  • Volatility Pivot Level: This tool works as a dynamic support and resistance. It changes its levels automatically with the change of price action. Thus, it enables traders to update or adjust the stop levels while in a trade.
  • Price Trigger Signal: It gives traders a green signal while making a market entry. Its value turns positive signals the buy entry and in a contrary, a negative value signals the sell entry at the current market price.

Recommended: CAP Channel Trading Indicator MT4

Open Scalping Volatility Trading System: Buy Parameters

Open Scalping Volatility Trading System Buy Parameters
Open Scalping Volatility Trading System Buy Parameters
  • Price closes above both Non lag Dots and Volatility Pivot levels
  • Price is supported by the current Auto Pivot levels
  • Percentual ZigZag plots an upward arrow below the signaling bar
  • Price Trigger Signal value turns positive
  • Buy triggers when all above conditions are met
  • Set stop loss below the current Volatility Pivot level
  • Exit long whenever price reaches the next Auto Pivot level, closes below the dots and the Percentual ZigZag plots the red downward arrow at the same time

Open Scalping Volatility Trading System: Sell Parameters

Open Scalping Volatility Trading System Sell Parameters
Open Scalping Volatility Trading System Sell Parameters
  • Price closes below both Non lag Dots and Volatility Pivot levels
  • Price is resisted to go up by the current Auto Pivot levels
  • Percentual ZigZag plots an downward arrow above the signaling bar
  • Price Trigger Signal value turns negative
  • Sell triggers when all above conditions are met
  • Set stop loss above the current Volatility Pivot level
  • Exit short whenever price reaches the next Auto Pivot level, closes above the dots and the Percentual ZigZag plots the yellow upward arrow at the same time
Free Download Open Scalping Volatility Trading System
Free Download Open Scalping Volatility Trading System
Share on:

I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

Leave a Comment

About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.