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.
Post a Comment