5 min Bollinger Bands Scalping

5 min Bollinger Bands Scalping is a trend strategy based on retracement on the middle band of BB.
Time frame 5 min or higher.
Currency pairs: EUR/USD, GBP/USD, GBP/JPY, USD/JPY.
Forex Indicators:
Bollinger Bands (20 period, deviation 2.0)
MACD Histogram (24, 48, 22)
Trading Rules 5 min Bollinger Bands Scalping
Buy
Bollinger Bands must slope up
Go long when the price touches the middle Bollinger Band band from above.
Slow MACD Histogram going up and histogram above signal line.
Set Initial stop loss at below the lower band or max 12-16 pips
Take profit at the upper band or 8-15 pips depends by pair.
Sell
Bollinger Bands must slope down.
Go short when the price touches the middle Bollinger Band band from below.
Slow MACD Histogram going down and histogram below signal line.
Set Initial stop loss at below the upper band or max 12-16 pips
Take profit at the lower band or 8-15 pips depends by pair.
In the chart below examples of trading.
5 min Bollinger Bands Scalping

5 min Bollinger Bands Scalping

5 min Bollinger Bands Scalping

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