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.

 

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.

 

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

Bollinger Bands Scalping System
Bollinger Bands Scalping System: bands Scalping Strategy
Bollinger bands Scalping System.rar
compressed file archive 14.2 KB

In the pictures below  Bollinger Bands Scalping System  in action.

Bollinger Bands Scalping System
Bollinger Bands Scalping System
Bollinger Bands Scalping System
Bollinger Bands Scalping System

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