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Bollinger Bands with Stochastic and RSI Scalping


Bollinger Bands with Stochastic and RSI Scalping is a trading system based on momentum filtered by Bollinger Bands. The purpose of this system is to trade on the overbought and oversold market simultaneously defined by the Bollingers bands and by momentum indicators.
This techniques uses 3 different types of indicators. we use 3 types
Bollinger bands, 1 type of stoch, 2 types of rsi.
Why need 3 types of bb? This bb is a place for our entry and stoch, rsi for
confirm more setup.
Time Frame 5 min or higher
Currency pairs: Majors.
Indicators setting:
Bollinger Bands 50 period, deviation 2.0
Bollinger Bands 50 period, deviation 3.0
Bollinger Bands 50 period, deviation 4.0
Stochastic oscillator (14,3,3,).
In the same window (RSI 3 period and RSI 8 period with levels 20 – 80).
Buy setup
Candlestick must have low BB deals with low bb deviation 2 or 3 and 4.
must have another 1 low BB. the power is going to be low bb deviation 2
first.
Stoch and RSI must be at level oversold that is level 20 below.
Entry when the price breaks the next BB higher.                                                                              

Bollinger Bands with Stochastic and RSI Scalping
Sell setup
candlestick must have top BB only with top BB deviation 2 or 3 and 4. must have one wrong 1 top BB. The power is going to touch top BB deviation 2 first. Stoch and RSI must be at level ob there is level 80 high.
Entry when the price breaks the next BB lower..
See example pictures below.
Bollinger Bands with Stochastic and RSI Scalping
Setup do not entry in this technical there are some of the setup types we do not entry. why they have great power to hop stoploss or floating. between setup is:

1. candlestick mines on low bb or top bb
2. 1 big close candlestick canceled 3 years (bb / top / low)
sideways apply
3. avoid trade before the news walk
4. avoid a trade on the inactive time
Bollinger Bands with Stochastic and RSI Scalping
Take profit and stoploss

Takeprofit
The power of take profit for scalping is on timeframe. i recommend that this technique be used on timeframe m5, m15, m30, h1 make for your takeprofits available for any 10-20pips or take takeprofit on your mid BB timeframe trade.
Stop loss
For stoploss is 2 how you want to single entry or martingale. for martingale, first entry 0.01 second layer 0.01 third layer 0.02 and close can price back to second layer or first layer.
if your single layer can set set 10-20pips hold on timeframe.
Bollinger Bands with Stochastic and RSI Scalping







Bollinger Bands with Stochastic and RSI Scalping Reviewed by learn forex trading on October 20, 2019 Rating: 5

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