Simple Scalping Using Bollinger Band Forex Strategy

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Simple Scalping Using Bollinger Band Forex Strategy

This scalping system uses a Bollinger band to identify the reversals, but this method is a trend following method. Use this method during London and New York sessions. This system is for all currency pairs with a 5 minute and 15-minute timeframe. Avoid trading within the news.

Forex indicators:

  • Bollinger bands (20, 2);
  • Ema (2);
  • EMA (11);
  • EMA (21),
  • Stochastic (5,3,3).

Buy Entry:

  • The price must touch or break the lower band.
  • The EMA 2 must be above EMA 11 and EMA (21).
  • Stochastic must cross upward.

Sell Entry:

  • The price must break or touch the upper band.
  • The EMA 2 must be below EMA 11 and EMA 21.
  • Stochastic must cross downward.

Exit Position:

  • For 5-minute timeframe.
  • Target profit must be 8 pips for EU, 10 pips for Gu and 7 pips for AU.
  • Place initial stop loss at 15 -18 pips.


Forex Trading Strategies Installation Instructions

Simple Scalping Using Bollinger Band Forex Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.

The essence of this forex strategy is to transform the accumulated history data and trading signals.

Simple Scalping Using Bollinger Band Forex Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust this strategy accordingly.

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How to install Simple Scalping Using Bollinger Band Forex Strategy?

  • Download Simple Scalping Using Bollinger Band Forex 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
  • Right click on your trading chart and hover on “Template”
  • Move right to select Simple Scalping Using Bollinger Band Forex Strategy
  • You will see Simple Scalping Using Bollinger Band Forex Strategy is available on your Chart

*Note: Not all forex strategies come with mq4/ex4 files. Some templates are already integrated with the MT4 Indicators from the MetaTrader Platform.

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