Forex BB Pattern Scalping Strategy
Forex BB Pattern Scalping Strategy;
Time Frame 1min or 5 min.
Currency pairs: majors.
Indicators:
1-2-3 pattern,
Bollinger bands.
Once the indicators pattern1-2-3 draws on your chart it’s time to start paying close attention as a setup
is in progress.
We are waiting for the current price to hit the fibo level of 161.8. THATS IT! No other levels are used. Once 161.8 is hit in an uptrend place buy (or an a call). Once 161.8 is hit in a downtrend place a sell (or a put).
When price is approaching 161.8 and your sure a trade is coming, look at your
bbands for confirmation. If they are squeezing avoid the trade, if they are seperating, jump in.
On the 1 minute chart when price hits the 161.8 and bollinger bands confirm, this is a
breakout!
There are 2 pics to show you what a typical trade looks like.
For 5min time frame these are the rules:
Once 100 is hit in an uptrend place buy (or an a call). Once 100 is hit in a downtrend place a sell (or a put).
When price is approaching 100 and your sure a trade is coming, look at your
bbands for confirmation. If they are squeezing avoid the trade, if they are seperating, jump in.
On the 1 minute chart when price hits the 100 and bollinger bands confirm, this is a
breakout!
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex BB Pattern Scalping Strategy?
- Download Forex BB Pattern Scalping Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex BB Pattern Scalping Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
