5 Minute Forex Scalping Strategy

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:

5 Minute Forex Scalping Strategy

5 Minute Forex Scalping Strategy

BUY Rules

  • 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.

SELL Regulations

  • 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.

thanks 🙂

Tags: #5 Minute #Forex Scalping Strategy

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    1. author

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