Bollinger Bands 1 min Scalping is a method for trade on 1 minute charts. This is a trend following forex strategy.
Setup chart:
Standard Bollingr Bands ( 20, 2);
100 EMA Exponetial Moving Average this determine the direction of the trend.
Apply this strategy at the forex market and indices (S&P 500 , Dow, DAX and FTSE).
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| Bollinger Bands 1 min Scalping |
For long entry position the upper Bollinger Band and the middle band (20 SMA) of the Bollinger band must be above the 100 EMA ( exponential moving average), but for a best signal buy when all three
bands of the Bollinger bands should be above the 100 EMA (exponential moving average).
Do not entry when the price broken the upper band but wait for the price retraces on the middle band and bounce.
For short entry position the upper Bollinger Band and the middle band (20 SMA) of the Bollinger band must be below the 100 EMA ( exponential moving average), but for a best signal sell when all three
bands of the Bollinger bands should be below the 100 EMA (exponential moving average).
Do not entry when the price broken the lower band but wait for the price retraces on the middle band and bounce.
Manage position:
Initial stop loss three options:
1 at the previous sving;
2 pips below or above the upper/middle band;
2 pips above or below of the 100 Ema:
After move stop loss wiht trailing stop.
Take profits 2 options:
for buy on the upper band, for sell on the lower band;
Small profits predetermined ( 5 -8 pips depends by currency pairs).
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Bollinger Bands 1 min Scalping |
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Bollinger Bands 1 min Scalping in action |
Bollinger Bands 1 min Scalping
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Oleh
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