Bollinger Band and keltner Forex Scalping Strategy
This is a scalping strategy that focuses more on the bollinger band and Keltner channel indicator. MACD is also use in this system to confirm. In this strategy, you will know the trend by these indicators. So, it means that this scalping strategy is also a trend following strategy.
Forex Indicators:
- Bollinger Bands (20; 2);
- Keltener Channels (default);
- MACD (9; 12,26).
Rules:
- Market is trending when Bollinger bands are greater than Keltner channels.
Long Entry:
- MACD is greater than 0 and crosses up.
- Bollinger Bands (Upper band) is greater than Keltner channels (upper band).
Short Entry:
- MACD is less than 0 and crosses down.
- Bollinger Bands (lower band) is greater than Keltner channels (lower band).
Exit Position:
- Place Stop loss 2 pips above or below middle band.
- Profit Target ratio: 1:1 or fast profit.
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