Trend Wave And Bollinger Bands Forex Scalping Strategy

0
891

Trend Wave And Bollinger Bands Forex Scalping Strategy

This scalping system is a contrarian strategy. This is useful in a 5 to 15 minute timeframe and works in any currency pairs. The TrendWave indicator is the leading indicator used in this system because it can detect reversals in an accurate manner.
This indicator does not generally trigger signals during choppy sideways markets. It does not paint in arrears and most importantly, it does not repaint.

Forex Indicators:

  • Bollinger Bands(50) deviation 2 color red;
  • Bollinger Bands(50) deviation 3 color orange;
  • Bollinger Bands (50) deviation 4 color yellow;
  • Trend Wave indicator

Long entry:

  • Arrow buy must confirmed if the price has broken orange or yellow upper band.

Short Entry:

  • Arrows sell must confirmed if the price has broken orange or yellow lover band.
  • Take profit on previous band on the middle band or fast profit.
  • Stop loss should be 2 pips above or below yellow band.

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