Hello ! i took 3rd place in November strategy contest and i used a very simple strategy . i like to trade on rebounds not in the rally trends so the strategy i used based on searching for overbought and oversold areas to enter and scalp some quick pips from the rebounds and i used just two popular indicators that can identify the overbought and the oversold areas :
1- Bollinger Bands . period 20 shift 0
2- relative strength index . period 7
i found this setting is the best for scalping on 5 min…
Zatona