Scalping Forex Bollinger Band Strategy

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Scalping Forex Bollinger Band Strategy

This strategy is based on 3 bands and works on a higher timeframe such as 15 minute or higher. This is suited to any currency pairs.

Forex Indicators:

  • Bollinger bands (20; 2);
  • Bands 1 color Blue;
  • Bands 2 color Red;
  • Trend Signal v.2 (Risk 3.SSP,1);
  • Pivot Points Level.

Buy Entry:

  • Enter trade when the price bounce o breaks the lower bands. But wait the first buy arrow.
  • Enter on the next bar.

Sell Entry:

  • Enter trade when the price bounce o breaks the lower bands. But wait the first buy arrow.
  • Enter on the open next bar.

Exit Position

  • Exit with quick profit target or at the middle band.
  • Initial stop loss 2 pips above upper blue band for sell and 2 pips below lower blue band for buy.
  • Note Do not exit at the opposite arrow.

From 21:30 to the 7:00 GMT Berlin, recommended exit is middle band,
From 7:00 to the 21:00 GMT Berlin, recommended exit is fast profit target.

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