699# Scalping Channel MA with Bollinger Bands
Filter with supply and demand
5 minutes scalping high profitable strategy
Submit by Joy22
Scalping Channel MA with Bollinger Bands is a trend system trend following filtered by Supply and Demand indicator. The system produces two entries the first only in following the trend is entered when the price retraces on the opposite band in the direction of the trend or when the price bounces on the support or resistance always in the direction of the trend.
The second entry is optional and is recommended to use when you are experienced with this strategy. You can also enter against trend if the price rebounds from a support or resistance area.
Setup Strategy
Time Frame 3 min, 5 min or 10 min.
Platform MT4 , MT5 and TradingView.
Currency pairs:any with low spreads.
It is easy to setup this strategy with other platforms.
Indicators
Simple moving averages 120 periods smoothed high.
Simple moving averages 120 periods smoothed low.
Bollinger Bands (25 periods, deviations 2.0)
Supply and Demand indicator.
Heiken Ashi
Bollinger Bands Scalping (MT4 custom indicator (only serves to facilitate learning, but is not necessary).
Trading rules Scalping Channel MA with Bollinger Bands
Buy
Trend up price above the low moving average.
Situation 1= Price broken or touches lower Bollinger Bands.
Situation 2 = Price bounce on the support.
Entry when the price comes back into Bollinger bands and Heikin Ashi changes colour white form red or if the price is into the bands when the heikin ashi changes colour.
Sell
Trend down price below the high moving average.
Situation 1= Price broken or touches upper Bollinger Bands.
Situation 2= Price bounce on the support.
Entry when the price comes back into Bollinger bands and Heikin Ashi changes colour white from red or if the price is into the bands when the heikin ashi changes colour.
Exit Position
Place initial stop loss belo/above the previou swing high/low.
Make profit at opposite bands or with minimum ratio stop loss 1:1.1.
This is a winning strategy with high profitability.
Examples of trades .
