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Bollinger Bands with RSI Scalping

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.
Bollinger Bands with RSI Scalping

Bollinger Bands with RSI Scalping

Bollinger Bands with RSI Scalping

Bollinger Bands with RSI Scalping Reviewed by learn forex trading on June 01, 2017 Rating: 5

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