Bollinger Bands And Chaos Awesome Forex Scalping Strategy

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Bollinger Bands And Chaos Awesome Forex Scalping Strategy

This is a scalping system that uses 2 known indicators which is the bollinger bands and the chaos awesome indicator. This technique must be done during 3 am to 11 am EST. This works on trending market, not on ranging markets. Timeframes 1 minute to 30 minute is effective in this system and works in all major currency pairs.

Metatrader Indicators:

  • Bollinger Bands (20, 2)
  • Chaos Awesome Oscillator
  • EMA 3 close

Long Entry:

  • EMA 3 must cross up through the 20.
  • EMA (middle band) along with the CAO must be approaching or crossing the zero line going up.

Short Entry:

  • EMA 3 must cross down through the 20.
  • EMA 20 along with the CAO must be approaching or crossing the zero line going down.

Take profit when CAO changed color.

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