1 min extreme scalping with
Bollinger Bands is a reversal trend strategy.
Currency pairs: EUR/GBP, GBP/USD,
GBP/JPY, EUR/USD, USD/JPY.
Sessions: London and New York.
Indicators
200 EMA, close.
Bollinger Bands period 22, deviation
2.0.
Stochastic Oscillator ( 8, 5, 3) is
optional
Trading Rules 1 min extreme scalping
with Bollinger Bands
Trades only in the direction of the
main trend.
Main trend is up when middle line of
Bollinger bands is above 200 SMA.
Main trend is down when middle line of
Bollinger bands is below 200 SMA.
Buy
Trend is up: middle line of BB is above
200 SMA.
Price first bounce or break the lower
bands after come back into the band.
Profit Target 4 - 7 pips or at the
middle band.
Initial stop loss 5 pips below the
lower bands.
Sell
Trend is down: middle line of BB is
below 200 SMA.
Price first bounce or break the upper
bands after come back into the band.
Profit Target 4 - 7 pips or at the
middle band.
Initial stop loss 5 pips above the
upper bands.
In the charts below 1 min extreme
scalping with Bollinger Bands.
Post a Comment