26# Bollinger Bands Scalping System
Bands Scalping Strategy
Submit by Kerry 18/09/2013
Bollinger Bands Scalping System is based on three bands. This is a reversal trading system that works also at the higher time frame.
Time Frame 15 min or higher.
Currency pair:any.
Bollinger bands (20; 2);
Bands 1 color Blue;
Bands 2 color Red;
Trend Signal v.2 (Risk 3.SSP,1);
Rules for Bands Scalping Strategy:
Buy
When the price bounce o breaks the lower bands, wait the first buy arrow and long entry at the open next bar.
Sell
When the price bounce o breaks the lower bands, wait the first buy arrow and long entry at the open next bar.
Exit Position
Exit with fast profit targe or at th middle band.
Initial stop loss 2 pips above upper blue band for sell and 2 pips below lower blue band for buy.
Note Do not exit at the opposite arrow.
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.
Bollinger Bands Scalping System: Template and Indicator
In the pictures below Bollinger Bands Scalping System in action.
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