MACD and Bollinger Bands Reversal Scalping System is based on correction of the price. When the price close above first Bollinger Bands wait a correction of the price confirmed by MACD.Time Frame 5 min.
Sessions: All. Best trading Hours 17:00 – 7:00 GMT.
Currency pairs: GBP/JPY, GBP/USD, EUR/USD, USD/JPY.
Forex Indicators:
Bollinger Bands (period 22, deviation 2.0);
Bollinger Bands (period 22, deviation 3.0);
MACD (11, 22, 9).
Rules MACD and Bollinger Bands Reversal Scalping System
Buy
Price close above the lower band.
Wait the correction of the price confirmed by MACD that pointig up.
Profit target 5-8 pips or at the middle band.
Stop loss 7 pips below the entry bar or below the lower band.
Sell
Price close below the upper band.
Wait the correction of the price confirmed by MACD that pointig down.
Profit target 5-8 pips or at the middle band.
Stop loss 7 pips above. the entry bar or above the upper band.
Strategy simple and effective.
In charts below example.
Post a Comment