Last updated: May 12, 2025

Zigzag And Bollinger Band Forex Scalping Strategy

This is a scalping system that uses a price action. It is also based on the Bollinger bands and Zig Zag. This works on a 5-minute timeframe and useful in all major currency pairs.

Metatrader Indicators:

• zig zag indicator (period 2)
• zigzag pointer indicator (period 10, 5, 15) (for Meta trader user) Zig Zag indicator (12, 5, 3)
• CCI indicator (14) with levels 90 and -90
• Stochastic indicator 11-5-5
• Bollinger bands (20, 3) and (20,2)

Long Entry:

• The price must touch or close the bottom Bollinger bands indicator.
• Zig Zag indicator and Zig Zag Pointer indicator meet together on the same candle.
• CCI indicator gets over -90 level.
• The stochastic indicator must cross and point up.
• Enter trade when price closed into Bollinger Bands (20.2 ) at open next bar.

Short Entry:

• The price must touch or close the Top Bollinger bands indicator.
• Zig Zag indicator and Zig Zag Pointer indicator meet together on the same candle.
• CCI indicator gets over 90 level.
• The stochastic indicator must cross and point down.
• Enter trade when price closed into Bollinger Bands (20.2 ) at open next bar.

Exit Position:

• Profit Target must be 6-10 pips depending by currency pairs.
• take profit on the middle band.
• Place Stop loss below or above entry candle.

Recommended MT4/MT5 Brokers

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