5 Minute Forex Scalping Strategy
5 Minute Forex Scalping Strategy – Hello friend of traders, on this occasion forextrradingwin.com ingn share with you about the 5 Minute Forex Scalping Strategy.
If you love bollinger bands sign for scalping after that you might like this scalping system: 5 Minute Forex Scalping System With Bollinger Bands Indicator.
If you take place to be in a range bound market, this scalping technique would work well.
Things You Required
Indicators: bollinger bands with default settings
Timeframes: 5 minute graph
Trading Procedure: UK and US
Currency Pairs: EURUSD as well as GBPUSD
Below’s an instance:
- Bollinger bands have to be in flat or virtually level. This would occur when the market remains in a trading variety.
- watch to see if price drops and also touches the reduced bollinger band.
- if it does so, open up a buy location.
- established quit loss 10 pips below the entry price.
- take your revenue when rate reaches the top bollinger band.
- Bollinger bands should be in level or nearly flat. This would certainly occur when the market remains in a trading range.
- watch to see if rate rises and touches the upper bollinger band.
- if it does so, open a sell location.
- set quit loss 10 pips over the access cost.
- take your profit when rate gets to the lower bollinger band.
That’s about the 5 Minute Forex Scalping Strategy, if this article useful please share with your friends.