5 min scalping Bollinger Bands and RSI with MA Strategy

5 min scalping Bollinger Bands and RSI with MA Strategy is a reversal trading system filtered by momentum.
Time frame 5 min.
Trading Session: any.
Currency pairs: EUR/USD, USD/JPY, GBP/JPY, GBP/USD.
Forex Indicators:
Bollinger Bands 22 period, deviation 2.0.
RSI 7 period with level 75 and 25.
Moving Average smoothed of RSI 7 period, close.
Trading rules 5 min scalping Bollinger Bands and RSI with MA Strategy
Buy
The price candle close outer the lower Bollinger Bands and at the same time RSI is below 25 level.
When the RSI crosses upward MA smoothed make a buy order.
Stop loss 3 pips below the entry bar.
Profit Target 4-7 pips.
Sell
The price candle close outer the upper Bollinger Bands and at the same time RSI is above 75 level.
When the RSI crosses downward MA smoothed make a sell order.
Stop loss 3 pips above the entry bar.
Profit Target 4-7 pips.
The system is interesting but it can be slow when it comes to the market.
In the charts below examples of 5 min scalping Bollinger Bands and RSI with MA Strategy.
5 min scalping Bollinger Bands and RSI with MA Strategy

5 min scalping Bollinger Bands and RSI with MA Strategy

5 min scalping Bollinger Bands and RSI with MA Strategy

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