1 minute scalping with Bollinger Bands breakout

1 minute scalping with Bollinger Band breakout is a trading system designed for high volatility currency pairs as GBP/GPY, GBP/USD, EUR/AUD, USD/JPY.
This trading system is trend following.
For this kind of strategy it is very important to trade in the direction of the trend.
To find the trend open the chart at 60 minutes and determine the trend with EMA 50 and EMA 100, if the EMA 50 is above EMA 100 the trend is up and trades only buy on 1 minute chart, if the EMA 50 is below the EMA 100 the trend is down and trades only sell on 1 minute chart.

Indicators setting
Bollinger bands period 100, deviation 2.0.
Bollinger bands period 100, deviation 3.0.
Bollinger bands period 100, deviation 4.0.

Trading rules 1 minute scalping with Bollinger Bands breakout
Trades only in direction of the trend on 60 min chart.
Buy
When the price broken the upper bands of bollinger bands with deviation 2.0 open a buy position if price close above the BB deviation 2.0.

Sell
When the price broken the lower bands of bollinger bands with deviation 2.0 open a sell position if price close below the BB deviation 2.0.

Exit with profit target 10-15 pips, but close the position if the price touches the Bollinger Bands with deviation 4.
Stop loss 5 pips below/above the entry bar.

It is very important with this strategy to choose currencies in trend because there may be many false signals.
1 minute scalping with  Bollinger  Bands breakout














1 minute scalping with  Bollinger  Bands breakout













1 minute scalping with  Bollinger  Bands breakout

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