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Forex Scalping with Bollinger Bands Stochastic and RSI

Forex Scalping with Bollinger Bands Stochastic and RSI is a trend reversal system.
Time Frame 1 min, or 5 min.
Currency pairs majors.
Forex Indicators :
CVN Signal ( trade assistant for this forex scalping strategy only for MT4 platform);
RSI ( 9 period);
Stochastic ( 8, 5, 3,).
trading sessions: 5 min time frame any. 1 Min time frame London and New York.
Trading Rules Forex Scalping with Bollinger Bands Stochastic and RSI
Buy

Price goes below lower Bollinger Band;
Relative Strength Index (9 period)<25 level;
Stochastic oscillator <20 level .
Take Profit of 5 to 10 pips or middle band.
Initial Stop loss 3-5 pips below the lower band.
Sell
Price goes above upper Bollinger Band;
Relative Strength Index (9 period)>75 level;
Stochastic oscillator >80 level .
Take Profit of 5 to 10 pips or middle band.
Initial Stop loss 3-5 pips above the upper band.
In the charts below scalping system with Bollinger Bands Stochastic and RSI examples.
Forex Scalping with Bollinger Bands Stochastic and RSI

Forex Scalping with Bollinger Bands Stochastic and RSI

Forex Scalping with Bollinger Bands Stochastic and RSI
For metatrader 4 we have an assistant indicator CVN Signal.
Below the link for download the template MT4 with indicators.
https://drive.google.com/file/d/0Bwjv2Pbf48itSTBHaVZRXzg0S28/view?usp=sharing
Forex Scalping with Bollinger Bands Stochastic and RSI Reviewed by learn forex trading on July 02, 2017 Rating: 5

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