Are you ready for Bollinger Bands Scalping Strategy

01

Are you ready for Bollinger Bands Scalping Strategy? Many forex trader always want to do that. why not you? By Scalping you done everything in forex factory.  Bollinger Bands Scalping Strategy to trade in 1 minute, 5 minutes and 15 minutes charts in the currency pairs most liquid and low spreads for best results, can be implemented as it is usual in any trading platform, the configuration is The next:

The chart is configured as follows:

02

Important keys before trading

Bollinger Bands show two important data which can be analysed as watching the indicator.

  • The first data corresponds to the lack of liquidity in the market and this is reflected when the bands are “narrow” to the price for a considerable period of time.
  • The second figure is the increase in liquidity in the market and is reflected when the bands expand, means that there is volatility.

03

The rules for working with this strategy are quite simple.

Buy Rules –

  1. When the 3-period SMA crosses above the center line of the Bollinger Bands
  2. RSI signal confirms the bullish cross above the central level 50
  3. MACD Histogram triggers the signal to go from bearish to bullish.
  4. Bollinger Bands are verified and the price could be at rest for a long time
  5. StopLoss in the most recent Lowest
  6. Takeprofit one with risk / benefit 1:1
  7. Takeprofit 2 when 3-period SMA crossing in the opposite direction to the center line of the Bollinger Bands.

04

Sell Rules –

  1. When the 3-period SMA crosses bellow the center line of the Bollinger Bands
  2. RSI signal confirms the bearish cross bellow the central level 50
  3. MACD Histogram triggers the signal to go from bullish to bearish.
  4. Bollinger Bands are verified and the price could be at rest for a long time
  5. StopLoss in the most recent Lowest
  6. Takeprofit one with risk / benefit 1:1
  7. Takeprofit 2 when 3-period SMA crossing in the opposite direction to the center line of the Bollinger Bands.

05

This strategy seeks to capture the explosion of volatility that makes the market after staying for some time sideways.

Usually Bollinger Bands Scalping Strategy has good performance when logging in London, overlapping “European and American” sessions, or fundamental announcements, you need one of the tools on market schedules have to simplify this time analysis .

Do Not Trade

  1. 3-period SMA crosses bollinger bands middle line and giving bullish signals for buying or bearish signals for selling.
  2. RSI only confirms the buy signal or sell signal.
  3. DO NOT trade these signals if MACD-Histogram does not support these entries.
  4. If doesn’t meet any one above describe criteria then stay away from market.

06

Always remember to practice on a demo account. If you go to real trade use money management must.its safe your investment. Otherwise your account going to be zero. So keep in mind and stay with us.Happy Trading

 

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