Range Trading scalping with Bollinger Bands and MACD

Range Trading with Bollinger Bands and MACD is designed for range market. The purpose is improve the profitability when the market changes from flat at trend.
Time frame 5 min. 15 min, 30 min.
Currency pairs: GBP/USD, USD/JPY, EUR/USD, GBP/JPY, AUD/USD,USD/CHF.
Indicators:
Bollinger Bands (50 period – deviation 3.0)
MACD (9,17,3)
Range Trading scalping with Bollinger Bands and MACD ha s two entries is as a tactic of war.
The first entry is based on Bollinger Bands the second comes into play only when the stop loss of the first entry is activated and is based on the MACD.
Rules
Long Trade
First
1. Wait for the market to touch the lower band of the Bollinger Bands.
2. Enter for a long when the market price touches the lower band of the Bollinger Bands.
3. Stop loss at 10 pips below the entry price 5 min time frame 15 pips for 15 min time frame.
4. Profit target at 5 pips above the entry price or at the midlle band.
5. The price action activate the stop loss of the first trade with the Bollinger Bands.
Second
1. enter a buy order when MACD crosses upward.
2. Place initial stop loss below the lower bands.
3. Profit Target 5 min time frame 5-10 pips, 15 min time frame 8-15 pips.
Short Trade
First
1. Wait for the market to touch the upper band of the Bollinger Bands.
2. Enter for a short when the market price touches the upper band of the Bollinger Bands.
3. Stop loss at 10 pips above the entry price 5 min time frame 15 pips for 15 min time frame.
4. Profit target at 5 pips below the entry price or at the midlle band.
5. The price action activate the stop loss of the first trade with the Bollinger Bands.
Second
1. enter a sell order when MACD crosses downward.
2. Place initial stop loss above the upper bands.
3. Profit Target 5 min time frame 5-10 pips, 15 min time frame 8-15 pips.
The forex trading war machine project is ready. In the charts in pictures of trading examples.
Range Trading scalping with Bollinger Bands and MACD
In the chart of the first picture we have 8 trades, 2 stop loss that activate the second strategy. (6 winning and 2 loss).
In the picture above we have 4 winning trades without stop loss.
In the last chart we have three consecutive Stop Loss. Do not worry the system recovers the losses.
For money mangement you can also apply the martingale. On this idea is simple to build a forex robot.  

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