Bollinger Bands Scalping ~ forex market hours gmt
Bollinger Bands Scaping is a forex strategy with a good profitability around the 80%.
Time frame 15 min , 30 min.
Currency pairs: Majors (EUR/USD, AUD/USD, USD/CHF, GBP/USD, AUD/JPY, NZD/USD, USD/CAD).
Indicators:
Bollinger Bands (20:2);
Stochastic oscillator (5,3,3).
Buy
When price out under lower band line of Bollinger Bands wait that the price will come back in the band.
When the first candle close in Bollinger Bands if the stochastic oscillator crosess upward
open order buy with profit target 10 pips.
When the first candle close in Bollinger Bands if the stochastic oscillator crosess upward
open order buy with profit target 10 pips.
Sell
When price out above upper band line of Bollinger Bands wait that the price will come back in the band.
When the first candle close in Bollinger Bands if the stochastic oscillator crosess downward
open order sell with profit target 10 pips.
When the first candle close in Bollinger Bands if the stochastic oscillator crosess downward
open order sell with profit target 10 pips.
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| Bollinger Bands Scaping |
Initial stop loss 15-20 pips.
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