Four Bollinger Bands Forex Scalping Strategy

This is a scalping strategy that uses bollinger bands to identify the entry. This strategy is useful in a 15-minute timeframe and works on any currency pairs.

Metatrader Indicators:

• Stochastic_Cross_Alert_SigOverlayM_cw. indicator
• i-ParamonWorkTime. indicator
• i-Stochastic
• RSI Signal
• 4 Bollinger Bands Stop indicators.

Buy Entry:

• 3 lines having a green color line and one red color indicates an uptrend.
• Buy arrow must appear.
• Enter buy position at the opening of the next bar.

Sell Entry:

• 3 lines having a red color line and one with a green color indicates a downtrend.
• Sell arrow must appear.
• Enter sell position at the opening of the next bar.

Exit position:

• Set profit target at 8-13 pips but depends on the currency pair.
• Place stop loss at 2 pips below or above Bollinger bands stops (period 300).

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