60# The Magic Bands Scalping Method
Bands Scalping System
Submit By Forex StrategiesResources
Time Frame:any (For Scalping 5min)
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.
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.
When the Ribbon is Green and Above the Magic Bands.
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.
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