548# BMK Scalping
Bollinger Bands with MACD Trading
Submit by Leviatan 12/10/2016
BMK Scalping is a trend-momentum trading system based on MACD modified and Bollinger Bands also if the direction of the trading is also determined by DT Zig GAG Laurer MTF.
Time frame 5 min or 15 min.
Trading Session for 5 min time frame: London and New York.
Metatrader Indicator and setting:
IR-05 Night Vision.
Bollinger Bands (20, 2);
DT Zig Zag Laurer (5 tf 30);
Moed3 Suppressor ( MA period 34, Angle 0.2, Sig Ma 9
Damiani Volameter default setting ( optional); trading only when thin line is above the line.
BMK Scalping Trading rules
Price above middle band of the Bollinger Bands.
Moed3 Suppressor: Histogram above line.
Dot of DT Zig Zag Laurer below the price.
Price below middle band of the Bollinger Bands.
Moed3 Suppressor: Histogram below line.
Dot of DT Zig Zag Laurer above the price.
Exit with predetermined profit target 7-15 pipis depends by currency pair or exit at the levels of the pivot points.
Place initial stop loss for buy below the lower band, for sell above the upper band.
In the pictures BMK Scalping in action.
Share your opinion, can help everyone to understand the forex strategy
klein (Friday, 14 October 2016 19:13)
hallo Lev , you said : Price above middle band of the Bollinger Bands ( for BUY ) . BUT this means that the candle MUST CLOSE above the middle band ?
Muller (Friday, 14 October 2016 18:59)
Hi Leviatan , thanks for interesting system.
DT Zig Zag Laurer indicator does repaint or is a nrp ZigZag ?
Thanks for reply.