Awesome and Bollinger Band Forex Scalping Strategy

0
897

Awesome and Bollinger Band Trading System

Use this trading system between 3:00 am to 11:00 am EST in a 5 minute timeframe. You can use all major pairs in this system.

Forex Indicators:

  • Bollinger bands (20; 2)
  • Awesome
  • MACD (12, 26, 9)

For Long Entry:

  • AO (Awesome oscillator) turns green and is placed above the zero level.
  • MACD green band must be above red band.
  • MACD histogram must be above zero level.
  • One bullish candle has to close above mid BB and enter immediately at the open of next candle if the rest of components agree to each other.
  • Bullish candle has to close above mid BB and pull trigger to go long as soon as the candle that crosses mid bb closes

For Short Entry:

  • AO (Awesome oscillator ) is turned red and is placed below the zero level.
  • MACD red band must be below green band.
  • MACD histogram must be below zero level.
  • One bearish candle has to close below mid BB and enter immediately at the open of next candle.
  • Bearish candle has to close below mid BB and pull trigger to go short as soon as the candle that crosses mid bb closes.

Exit Position for Long entry:

Stop loss must be set 3 pips under mid BB if candle closes in selling area.

For short:

Stop loss must be set 3 pips above mid BB if candle closes in buying area.
Take profit at 6-10 pips.

Recommended MT4 Broker

XM Broker

  • Free $50 To Start Trading Instantly! (Withdraw-able Profit)
  • Deposit Bonus up to $5,000
  • Unlimited Loyalty Program
  • Award Winning Forex Broker
  • Additional Exclusive Bonuses Throughout The Year
  • Exclusive 50% Cash Rebates for all Trades!

50 Rebate

>> Sign Up for XM Broker Account here with Exclusive 50% Cash Rebates For All Future Trades [Use This Special Invitation Link]  <<

Already an XM client but missing out on cashback? Open New Real Account and Enter this Partner Code: 𝟕𝐖𝟑𝐉𝐐


Click here below to download:

Save

Save



Get Download Access

Get Smarter About Forex Trading Using Indicators

Join 100,000+ subscribers and get our 5 min daily newsletter on what matters in forex.

We do not sell or share your information with anyone.

LEAVE A REPLY

Please enter your comment!
Please enter your name here