57# Scalping with Money Flow Index and Bollinger Bands
Submit by Joy22
Time Frame 5min
Pairs: EUR/USD, AUD/USD, GBP/USD
Bollinger bands (20, 2)
Money Flow Index (8).
when the Money Flow Index is in overbought, the bid price close outside the
lower Bollinger band indicator line, wait candle
when the MFI is in oversold, the bid price close outside the lower Bollinger band indicator line, wait the candle bearish candle
Place Stop Loss on the upper or lower band.
Profit Target: AUD/USD 6 pips, EUR/USD 8 pips, GBP/USD 10 pips.
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