Forex Scalping Bollinger Bands Trading Strategy
Forex Scalping Bollinger Bands Trading Strategy:
Time Frame 15 min or higher.
Currency pair:any.
Bollinger bands (20; 2);
Bands 1 color Blue;
Bands 2 color Red;
Trend Signal v.2 (Risk 3.SSP,1);
Pivot Points Level.
Rules for Bands Scalping Strategy:
Buy
When the price bounce o breaks the lower bands, wait the first buy arrow and long entry at the open next bar.
Sell
When the price bounce o breaks the lower bands, wait the first buy arrow and long entry at the open next bar.
Exit Position
Exit with fast profit target or at the middle band.
Initial stop loss 2 pips above upper blue band for sell and 2 pips below lower blue band for buy.
Note Do not exit at the opposite arrow.
From 21:30 to the 7:00 GMT Berlin, recommended exit is middle band,
from 7:00 to the 21:00 GMT Berlin, recommended exit is fast profit target.
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 Scalping Bollinger Bands Trading Strategy?
- Download Forex Scalping Bollinger Bands Trading 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 Scalping Bollinger Bands Trading 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”.
