Bollinger Bands Bounce Forex Scalping Strategy
This is a strategy that is based on volatility of the market. This system works on a 5 minute timeframe and is applicable to any timeframe.
Since this strategy is based on a volatility market, you will be looking at a volatile market. The lower and upper band must spike and must be apart. If it is too tight up to 50 pips, then there will be no trades.
The entry point is after the price has broken the red lines and RSI histogram turn to the right color.
There will be no trades if RSI histogram is red even if the price closes the green lines. It is very important that RSI needs to compliment with the other indicators.
Observe how many days you have a losing trade after the lower band spikes, by this, you can filter.
Set stop loss at 20 pips and take profit at 20 pips. It’s 1:1 ratio. You can only risk 2% for 2%.
Here is an example of the entries:
Id price goes down, spikes lower band and the lines are going down.
Wait for the price to close the downward sloping green lines and RSI histogram turnd green.
Forex Indicators needed:
- Bands (100, 2);
- 39SMA; 36SMA, 13SMA, 5SMA,
- RSI Color Zero Line.
Forex Strategies Installation Instructions
Bollinger Bands Bounce Forex Scalping Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.
The essence of this forex strategy is to transform the accumulated history data and trading signals.
Bollinger Bands Bounce Forex Scalping Strategy provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust this strategy accordingly.
Forex Metatrader 4 Trading Platform:
- Free $30 To Start Trading Instantly
- No Deposit Required
- Automatically Credited To Your Account
- No Hidden Terms
How to install Bollinger Bands Bounce Forex Scalping Strategy?
- Download Bollinger Bands Bounce Forex Scalping Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Right click on your trading chart and hover on “Template”
- Move right to select Bollinger Bands Bounce Forex Scalping Strategy
- You will see Bollinger Bands Bounce Forex Scalping Strategy is available on your Chart
Click here below to download: