10 Pips Per Day Scalping Strategy

10 pips per day scalping strategy is a reversal trend trading system simple and clear. 10 Pips Per Day is based only two indicators Stochastic and Bollinger bands.

Time Frame : 5 Minute or 15 min Charts.

Currency pairs: EURUSD, USDJPY, GBPUSD, USDCHF

Forex Indicators setup :

Bollinger Bands (20, 2.0),

Stochastic Oscillator (13, 5, 3).

Tading Rules

Buy

The price the close above midlle band of Bollinger Bands.

Stochastic oscillator going crosses upward.

Exit at the upper band.

5 min profit target 6-10 pips.

15 min profit targe 10-15 pips.

Initial stop loss below the lower band.

After 6-8 pips in gain move stop loss at the breakeven.

Sell

The price the close above midlle band of Bollinger Bands.

Stochastic oscillator going crosses downward.

Exit at the lower band

or 5 min time frame with 6-10 pips in profit

15 min time frame 10-15 pips.

Initial stop loss below the upper band.

In charts below examples of trades

After 6-8 pips in gain move stop loss at the breakeven.

AD RSI (13, period) indicator you can filter false signals:

The previous rules more:

for Buy RSI above 50 level,

for Sell RSI below 50 level.

Examples with RSI filter.

This Strategy was developed by Emiliano La Rocca independent financial analyst and programmer.