Extreme Scalping System with Bollinger Bands and RSI

Extreme Scalping System with Bollinger Bands and RSI is a reversal scalping system.

Time Frame 1 min

Currency pairs: major with low spreads,

Forex Indicators:

RSI 14 period, close with (70, 30 levels);

Bollinger Bands (period 21, deviation 2.0);

Trading Rules

Entry

What we are looking for is the price to move above to upper or below lower Bollinger Bands and RSI raise above the 70 line or below the 30 line at the same time.

Target price is middle Bollinger Bands or 5- 7 pips.

Stop loss is 7- 9 pips.