Simple Scalping Using Bollinger Band Forex Strategy

0
788

Simple Scalping Using Bollinger Band Forex Strategy

This scalping system uses a Bollinger band to identify the reversals, but this method is a trend following method. Use this method during London and New York sessions. This system is for all currency pairs with a 5 minute and 15-minute timeframe. Avoid trading within the news.

Forex indicators:

  • Bollinger bands (20, 2);
  • Ema (2);
  • EMA (11);
  • EMA (21),
  • Stochastic (5,3,3).

Buy Entry:

  • The price must touch or break the lower band.
  • The EMA 2 must be above EMA 11 and EMA (21).
  • Stochastic must cross upward.

Sell Entry:

  • The price must break or touch the upper band.
  • The EMA 2 must be below EMA 11 and EMA 21.
  • Stochastic must cross downward.

Exit Position:

  • For 5-minute timeframe.
  • Target profit must be 8 pips for EU, 10 pips for Gu and 7 pips for AU.
  • Place initial stop loss at 15 -18 pips.

Recommended MT4 Brokers

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

XM broker

>> Sign Up for XM Broker Account here <<

FBS Broker

  • Trade 100 Bonus: Free $100 to kickstart your trading journey!
  • 100% Deposit Bonus: Double your deposit up to $10,000 and trade with enhanced capital.
  • Leverage up to 1:3000: Maximizing potential profits with one of the highest leverage options available.
  • ‘Best Customer Service Broker Asia’ Award: Recognized excellence in customer support and service.
  • Seasonal Promotions: Enjoy a variety of exclusive bonuses and promotional offers all year round.

fbs broker

>> Sign Up for FBS Broker Account here <<

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