Bollinger Bands Spike Scalping Strategy

Bollinger Bands Spike Scalping Strategy it is a strategy that can be applied to all time frames in this case I show an example of application to a 1 minute time frame, I repeat that this method can be applied to any time frame.
Setup Strategy
Time Frame 1 minute or higher
Currency pairs: any.
Indicator
Bollinger Bands

Trading Rules

Apply standard default settings for Bollinger Bands on a 1-minute chart. When the price extends beyond the bands by more than 8/10 pips, consider a trading opportunity.

Long Trades

Enter a long position when the price extends 8/10 pips below the lower Bollinger Band.

Confirm the setup by observing the 5-minute chart showing the price below the lower Bollinger Band.

Set the stop-loss order 10 pips below the entry point.

Exit the trade when showing 10/15 pips profit.

A second entry is permitted if the price moves 15 pips below the initial entry, with the stop-loss adjusted accordingly. However, refrain from further trading if two consecutive positions are stopped out.

Short Trades

Enter a short position when the price extends 8/10 pips above the upper Bollinger Band.

Confirm the setup by observing the 5-minute chart showing the price above the upper Bollinger Band.

Set the stop-loss order 10 pips above the entry point.

Exit the trade when showing 10/15 pips profit.

Similar to long trades, consider a second entry if the price moves 15 pips above the initial entry, with appropriate adjustments to the stop-loss. However, if the second position is stopped out, refrain from further trading temporarily.

Examples

The screenshot below shows a scalping trade on the 1 minute

chart. The closing figure of the lower Bollinger Band on the

previous candle is 1.4649 and the price went down to 1.4639 on

the next candle 8/10 pips below the Bollinger Band figure,

triggering an entry setup.

After confirmation from the 5 minute chart that the price was

also below the lower Bollinger band, an entry was made at

1.4641 with the 2 pip spread and a stop was placed 10 pips

below the entry. Profit was taken at 1.4654 for +13 pips.

The next example of a long trade captures 11 pips profit.

When the priced moved outside the lower Bollinger Band we

had a look at the previous candle and the closing Bollinger Band

figure (1.4575). This meant if the price went as low as 1.4565 or

lower we would enter a trade to go long, if there was

confirmation on the 5 minute chart. A trade was taken at 1.4565

with a 2 pip spread giving us an entry price of 1.4567 with a 10

pip stop at 1.4557.

The trade was closed out at 1.4578 for 11 pips profit.

Confirmation to take the trade on the 5 minute chart (below).

n this example the entry was confirmed to go short at 1.4708 on the 5

minute chart below, 8 pips above the close of the Bollinger Band

from the previous candle at (1.4700), a stop was placed 10 pips

away. Unfortunately, this first trade was stopped out at -10 pips

and the price carried on upwards. After it had moved 5 pips

above our first trade`s stop, a second trade was placed to go

short at 1.4723 with a stop 10 pips above 1.4733. This trade

was successful with a +15 pip profit wiping out the loss on the

first trade and coming away with +5 pips.