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Scalping 5 min with Bollinger Bands slow

Scalping 5 min  with Bollinger Bands slow is a strategy designed for 5 min time frame and it’s based on three slow Bollinger Bands.
Time Frame 5 min.
Currency pairs: GBP/JPY, EUR/USD, GBP/USD, USD/JPY.
Sessions: all.
Forex Indicators:
Bollinger BANDS (period 60 , deviation 2.0);
Bollinger BANDS (period 60 , deviation 3.0);
Bollinger BANDS (period 60 , deviation 4.0);
Fast Stochastic (5, 3,3) optional.
Trading Rules
Buy:
Price bounces from the 60,3 area of the lower Bollinger Bands, or more conservative price bounces from the lower band of the BB 60 , 3.0. and come back into BB 60, 2.0.
Stochastic crosses signal line upward (optional).
Set a stop for 10 pips and and profit target 12 pips or at the middle band.
Sell
Price bounces from the 60,3 area of the Bollinger Bands, or more conservative price bounces from  the upperr band of the BB 60 , 3.0.  and come back into BB 60, 2.0.
Stochastic crosses signal line downward (optional).
Set a stop for 10 pips and and profit target 12 pips or at the middle band.
Scalping 5 min  with Bollinger Bands slow

Scalping 5 min  with Bollinger Bands slow

Scalping 5 min  with Bollinger Bands slow



Scalping 5 min with Bollinger Bands slow Reviewed by learn forex trading on June 09, 2017 Rating: 5

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