1 min extreme scalping with Bollinger Bands

1 min extreme scalping with Bollinger Bands is a reversal trend strategy.
Currency pairs: EUR/GBP, GBP/USD, GBP/JPY, EUR/USD, USD/JPY.
Sessions: London and New York.
Indicators
200 EMA, close.
Bollinger Bands period 22, deviation 2.0.
Stochastic Oscillator ( 8, 5, 3) is optional
Trading Rules 1 min extreme scalping with Bollinger Bands
Trades only in the direction of the main trend.
Main trend is up when middle line of Bollinger bands is above 200 SMA.
Main trend is down when middle line of Bollinger bands is below 200 SMA.
Buy
Trend is up: middle line of BB is above 200 SMA.
Price first bounce or break the lower bands after come back into the band.
Profit Target 4 - 7 pips or at the middle band.
Initial stop loss 5 pips below the lower bands.
Sell
Trend is down: middle line of BB is below 200 SMA.
Price first bounce or break the upper bands after come back into the band.
Profit Target 4 - 7 pips or at the middle band.
Initial stop loss 5 pips above the upper bands.
In the charts below 1 min extreme scalping with Bollinger Bands.
1 min extreme scalping with Bollinger Bands

1 min extreme scalping with Bollinger Bands

1 min extreme scalping with Bollinger Bands

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