Summary
:
Forex
Scalping Bollinger Band Strategy is based on Three Bollinger bands and reversal
trading system.
Metatrader
Indicators :
- Bollinger bands (20; 2)
- Bands 1 color Blue
- Bands 2 color Red
- Trend Signal v.2 (Risk 3.SSP,1)
- Pivot Points Level.
Trading
Conditions
- Chart Timeframe : 15
Minute or Higher Timeframe.
- Currency Pairs : Any
pairs.
Long
Position Entry :
1. Enter trade when the price bounce o breaks
the lower bands. But wait the first buy arrow.
2. Enter on the next bar.
Short
Position Entry :
1. Enter trade when the price bounce o breaks
the lower bands. But wait the first buy arrow.
2.
Enter on the open next bar.
Exit
Rules :
- Profit Option : Middle band.
- Stop Loss Option : 2 pips above Upper blue band (SELL) or 2 pips below
lower blue band. (BUY)
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.
How to install Files?
- Download *.zip file.
- Copy Indicators folder to your Metatrader
Directory / indicators /
- Copy Template folder to your Metatrader
Directory / templates /
- Copy Libraries folder to your Metatrader
Directory / Libraries /
- Start or restart your Metatrader
- Select Chart and Timeframe where you want
to test your forex strategy
- Right click on your trading chart and hover
on “Template”
- Move right to select Template