Scalping with Bollinger Bands

There are various successful methods of trading the Forex markets. Some traders swing a trade where their expected hold times are from a time to a week plus. This wants having a wider stop and generally has less than a 50% win rate — and because of the inclusive stop, the trader must trade very small lot sizes in order to keep their investment.

Some trader’s aspect for intraday trends that last 30 minutes to 3 to 5 hours. This can have a far higher win percentage, over 50%, and much tighter breaks so a trader can trade additional lots than with swing trading. There are many methods available that catch 30-100+ pips per day.

This article is about Forex scalping systems, exactly scalping Bollinger bands. Bollinger bands have become a modern technical analysis tool between scalpers that keep trades open for a comparatively short time period. One of the causes this tool is so handy is because of its ability to adjust to shifting market volatility.

The most important thought of trading is to keep losses minor and have bigger winning trades than your losses on normal. But when scalping Bollinger bands, due to its complex winning ratio when done properly, a trader can get away with winning trades the similar size as losses. So if your ends are 10 pips, you can take 10 pip successes. The markets through the UK, Europe, and US session move so much in most moneys that get a 10 pip after in 10 – 60 minutes is often not too difficult.

Bollinger bands are amazing at viewing volatility. You will absolutely notice when the bands get actually close together. This means that the marketplace has grownup quiet. The good news is that calm usually heads the squall. This means that the market is situated up to really start touching. When you see Bollinger bands go together closely, it is a step for scalping breakouts.

Time Frame

  • Use M5 and higher time frame.

Buy Entry

  • When the price touch lower band then enter the long position.

Sell Entry

  • When the price touch upper bands then enter the short position.

Exit Position

  • Take profit at least 12 to 18 pips depending on the currency pairs.
  • You can also take profit on the level pivots points.
  • Exit when appears opposite dot.
  • Place Stop loss 2.5 pips above or below bands indicator.

How to install Bollinger bands Scalping System?

  • First of all download Bollinger bands scalping
  • Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
  • Copy tpl file (Template) to your Metatrader Directory / templates /
  • Start or restart your Metatrader Client.
  • Select Chart and Timeframe where you want to load the template file.
  • Now finally load the template file from template section.

Click here below to download