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.
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