15 min trend reversal scalping

15 min trend reversal scalping is a strategy based on RSI and Bollinger Bands the purpose of this strategy is find the conditions for reversal.
Time Frame 15 min or higher.
Currency pairs: EUR/USD, USD/CHF, USD/CAD, GBP/USD, GBP//JPY, USD/JPY, AUD/JPY, AUD/USD, NZD/USD.
Forex Indicators
RSI 7 period, close, with levels 12, 20 70 and 80.
LWMA 8 period, close.
LWMA 20 period, close.
Bollinger Bands 30 period, 2.0 deviation.
Trading Rules 15 min trend reversal scalping
Buy
RSI goes below 20 level.
Price touches or close outer the lower Bollinger Band.
Buy when the LWMA 8 period crosses upward the 20 LWMA and the middle band.
Profit target 15-25 pips depends by pairs.
Initial stop loss 15 -20 pips below the entry bar.
Sell
RSI goes above 80 level.
Price touches or close outer the upper Bollinger Band.
Buy when the LWMA 8 period crosses downward the 20 LWMA and the middle band.
Profit target 15-25 pips depends by pairs.
Initial stop loss 15 -20 pips below the entry bar.
In the charts below random trades.
15 min trend reversal scalping

15 min trend reversal scalping

15 min trend reversal scalping

Related

Bands Trading 8645689767237082104

Post a Comment

emo-but-icon

item