15 min trend reversal scalping
is a strategy based on RSI and Bollinger Bands the purpose of this
strategy is find the conditions for reversal.
Time Frame 15 min or higher.
Currency pairs: EUR/USD, USD/CHF,
USD/CAD, GBP/USD, GBP//JPY, USD/JPY, AUD/JPY, AUD/USD, NZD/USD.
Forex Indicators
RSI 7 period, close, with levels 12, 20
70 and 80.
LWMA 8 period, close.
LWMA 20 period, close.
Bollinger Bands 30 period, 2.0
deviation.
Trading Rules 15 min trend reversal
scalping
Buy
RSI goes below 20 level.
Price touches or close outer the lower
Bollinger Band.
Buy when the LWMA 8 period crosses
upward the 20 LWMA and the middle band.
Profit target 15-25 pips depends by
pairs.
Initial stop loss 15 -20 pips below the
entry bar.
Sell
RSI goes above 80 level.
Price touches or close outer the upper
Bollinger Band.
Buy when the LWMA 8 period crosses
downward the 20 LWMA and the middle band.
Profit target 15-25 pips depends by
pairs.
Initial stop loss 15 -20 pips below the
entry bar.
In the charts below random trades.
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