Bollinger Bands with RSI Scalping

Bollinger Bands with RSI Scalping is a reversal-trend scalping strategy.
Time Frame 5 min or higher.
Currency pairs: EUR/USD, GBP/USD, USD/GPY, USD/JPY.
Low Spreads below 1.5 pips.
Apply this strategy on four charts at the same time
Forex Indicators:
RSI period, 14;
Bollinger Bands (period 20, deviation 2.5).
Trading rules
Buy
Price go below the lower band and RSI below  30 level.
Profit target 5-7 pips.
Place initial stop loss 6 pips below the low the entry bar, after 5 pips in gain move stop loss at the breakeven.
Sell
Price go above the upper band and RSI above 70  level.
Profit target 5-7 pips.
Place initial stop loss 6 pips above the high the entry bar, after 5 pips in gain move stop loss at the breakeven.
Bollinger Bands with RSI Scalping has a high profitability with fast profits.
In the pictures trading examples.
Bollinger Bands with RSI Scalping

Bollinger Bands with RSI Scalping

Bollinger Bands with RSI Scalping

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