Four Bollinger Bands Forex Scalping Strategy

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Four Bollinger Bands Forex Scalping Strategy

This is a scalping strategy that uses bollinger bands to identify the entry. This strategy is useful in a 15-minute timeframe and works on any currency pairs.

Metatrader Indicators:

  • Stochastic_Cross_Alert_SigOverlayM_cw. indicator
  • i-ParamonWorkTime. indicator
  • i-Stochastic
  • RSI Signal
  • 4 Bollinger Bands Stop indicators.

Buy Entry:

  • 3 lines having a green color line and one red color indicates an uptrend.
  • Buy arrow must appear.
  • Enter buy position at the opening of the next bar.

Sell Entry:

  • 3 lines having a red color line and one with a green color indicates a downtrend.
  • Sell arrow must appear.
  • Enter sell position at the opening of the next bar.

Exit position:

  • Set profit target at 8-13 pips but depends on the currency pair.
  • Place stop loss at 2 pips below or above Bollinger bands stops (period 300).

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