60# The Magic Bands Scalping Method

Bands Scalping System

Submit By Forex StrategiesResources

 

Time Frame:any (For Scalping 5min)

Pairs:all.

Indicators

Bands(50, 0.05);

Bands(15, 0.05).

BbandsStop (16,2)

Ribbon

 

Long Entry:

When the price of a bar closes above the bands and BBands stop dot is below, buy at open of the next bar. Re-Entry Long: with the if BBands stop open an new position and above the Magic Bands.

Short Entry:

When the price of a bar closes below the bands and Bbands stop is above sell at open of the next bar.Re-Entry Short: with the if Bbands stop open an new position and below the Magic Bands.

 

Exit Position with BBands stop

 

For Scalping with Profit Target

Add Ribbon Indicators and delete BBands stop.

 

Long Entry:

When the Ribbon is Green and Above the Magic Bands.

 

Short Entry:

When the Ribbon is Red and Below the Magic Bands.

 

 

 

Profit Target: AUD/USD 6 pips, 8 pips EUR/USD, 10 GBP/USD

Place Stop Loss 5 pips below or above Bar Entry.

Metatrader Indicator BBands_Stop
BBands_Stop_v1.rar
compressed file archive 5.0 KB
Trading System magic bands with bbands stop
magic bands with bbands stop.rar
compressed file archive 747 Bytes

 

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magic bands with pt and ribbon Trading System
magic bands with pt and ribbon.rar
compressed file archive 750 Bytes
Metatrader Ribbon
Ribbon.rar
compressed file archive 2.5 KB

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