Bollinger Band Stop Forex Scalping Strategy

September 6, 2016

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Bollinger Band Stop Forex Scalping Strategy

This is a scalping strategy that works on a 5 to 15 minute timeframe. It is applicable to all currency pairs. You can use this system during London and New York session.

Trade Setup Indicators:

Use EMA 50 and EMA 100. The EMA serves as a trend identifier.

Buy Signal:

EMA 50 must be above EMA 100

Sell Signal:

EMA 50 must be below EMA 100

Trade Trigger Indicators:

BBands Stop (8,2,0,.2,1,1,1000, true) – This indicator is represented by blue and red color.

Sell trigger:

BB stop has turned red and is below tha EMA 50 and 100.
The price must cross below the candle where the bb stop appears represented by a large red dot. This is the start of the downtrend.

Buy trigger:

Consider the opposite of the sell signal as buying requirements.

Trade Confirmation Indicators:

Trendlord and 4TF-HAS are confirmation indicators. This will confirm the trades when the setup and trigger indicators forms.
These two confirmation indicator must be red for a SELL and green for a BUY.
Just refresh the chart by switching to different timeframe.

Exit position:

Put STOP LOSS at the last swing high or low or the big dots.
Target Profit is 1:1 on 1/2 of the position and 1:2 on 2nd 1/2 of the position and using a jumping stop on this 2nd 1/2 position.

Extra Indicator:

AFST is a pivot point calculator that places the daily pivot points. You can use this indicator for target profit or stop losses.

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