Latest Systems ~ how to get forex trading signals
Some good Strategies
Forex trading system "Scalping with Bollinger Band"
Categories: Technical, Scalping, Price Action
Timeframes: 1 Minute
Currency pairs: ANY
Trading sessions: US Session (New York), European Session (London)
Indicators used
Entry rules
Vice versa, we open a buy order when the low of the current candle is lower than the lower bollingerband and the pink fast stochastics line is lower than 20 and the close of the previous candle at least 5 pips below the current candle as shown in the following picture.We open a sell order when the high of the current candle is higher than the upper bollingerband, and the pink fast stochastics line is higher than 80 and the close of the previous candle at least 5 pips higher than the current candle.
Trade management
The closing of the trades are described in the following exit rules.
Exit rules
We close the sell order when the low of the candle is below the lower Bollinger band. Vice versa, we close the buy order when the high of the candle is above the upper Bollinger band as shown in the following picture.
Advantages
We are trading at a good price in which we buy when the price is low and sell when the price is high.
Disadvantages
This strategy may not work well when one is trading against a strongly trending market.
Metatrader 4 chart template files
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