370# Four Bollinger Bands stop scalping system
Scalping with three arrows for entry position
Submit by Marcus 13/08/2013
Time Frame 15 min;
Currency pairs:any.
Stochastic_Cross_Alert_SigOverlayM_cw. indicator
i-ParamonWorkTime.
indicator
i-Stochastic
RSI
Signal
4 Bollinger Bands Stop indicators.
Buy
Three or four Bollinger Bands Stop indicators have the same color green. "For example,"
3 lines with green color line and one with a red color, the trend is upward and trade only buy.
If there is this condition, when appears arrow to buy,
buy at the opening of the next bar.
Sell
Three or four Bollinger Bands Stop
indicators have the same color red. "For example,"
3 lines with red color line and one with a green color, the trend is downwardward and trade only sell.
If there is this condition, when appears arrow to sell,
Sell at the opening of the next bar.
Exit position
Profit Target 8-13 pips depends by currency pair.
Stop loss 2 pips below or above Bollinger bands stop (period 300).
In the pictures below Four Bollinger Bands stop scalping sytstem in action.
Four Bollinger Bands Scalping System: Indicators and Template
Share your opinion, can help everyone to understand the forex strategy.
