Who’s online There are currently 7 users online. Submitted trading system forex scalping bollinger Edward Revy on June 14, 2007 – 01:53.
Forex scalping has gained high popularity nowadays. We welcome you to explore our free and steady growing collection of Forex scalping strategies and ideas! Yes, true scalping involves risks as well as any other type of trading. But if done correctly Forex scalping provides an additional degree of risk management as a result of holding trading positions for a very short period of time as well as constant monitoring of the price and collecting quick profits as they appear. Please, do not forget to read our disclaimer policy.
In short, Forex scalping systems you find below if used will assume trader’s own risk and full responsibility. Best of luck in scalping the Forex! Active traders Poll – share your live experience or read what others have to say. How To Double The Account In 1 Day? You can help thousands improve their trading! Where you can learn the forex. 5 min scalping Bollinger Bands and RSI with MA Strategy is a reversal trading system filtered by momentum.
Bollinger Bands 22 period, deviation 2. RSI 7 period with level 75 and 25. Moving Average smoothed of RSI 7 period, close. The price candle close outer the lower Bollinger Bands and at the same time RSI is below 25 level.
When the RSI crosses upward MA smoothed make a buy order. Stop loss 3 pips below the entry bar. The price candle close outer the upper Bollinger Bands and at the same time RSI is above 75 level. When the RSI crosses downward MA smoothed make a sell order. Stop loss 3 pips above the entry bar. The system is interesting but it can be slow when it comes to the market.