Bollinger Bands with RSI Scalping is a
reversal-trend scalping strategy.
Time Frame 5 min or higher.
Currency pairs: EUR/USD, GBP/USD,
USD/GPY, USD/JPY.
Low Spreads below 1.5 pips.
Apply this strategy on four charts at
the same time
Forex Indicators:
RSI period, 14;
Bollinger Bands (period 20, deviation
2.5).
Trading rules
Buy
Price go below the
lower band and RSI below 30 level.
Profit target 5-7
pips.
Place initial stop
loss 6 pips below the low the entry bar, after 5 pips in gain move
stop loss at the breakeven.
Sell
Price go above the
upper band and RSI above 70 level.
Profit target 5-7
pips.
Place initial stop
loss 6 pips above the high the entry bar, after 5 pips in gain move
stop loss at the breakeven.
Bollinger Bands
with RSI Scalping has a high profitability with fast profits.
In the pictures
trading examples.
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