187# Bollinger Bands with AMS Pro

Submit by Eolofx 24/04/2016

Bollinger Bands with AMS Pro is a trend-reversal scalping strategy that is inspired by a classic strategy Bollinger bands and Moving Average.

This trading system is for scalping and for trading with binary options high/low.

Expiry time 3-5 candles.

This strategy is profitable.

Time Frame 5 min or higher.

Trading Sessions: London and New York.

Financial market: Indices, Commodities, Forex and Shares.

Metatrader indicators:

Better Bollinger Bands (20, 2). Questo indicatore è diverso dalla classica Bollingrer Bands.

AMS Binary Pro (I deleted this indicator "Admin") replaced with WPR Signal, 

setting WPR (14 or 21 period).

Moving Average LVMA 3 period.

Trading Rules Bollinger Bands with AMS Pro

Buy

When appears the yellow buy arrow wait that LWMA crosses upward the middle band, entry buy at opening of the next bar.

Sell

When appears the yellow sell arrow wait that LWMA crosses downward the middle band, entry sell at opening of the next bar.

Note: if the entry bar touches the opposite band not enter (optional).

In this strategy, you can also apply the martingale.

Why can you use the martingale?

because it has a high profitability and has a time filter.

Exit position with 7-10 pips in gain or when the price touches the opposite band.

Place initial stop loss 5 pips below/above the bands.

In the pictures the Bollinger Bands with AMS Pro in action.

!Important! You may replace AMS indicator with WPR Overbought-Oversold and have better results. The core indicator of this strategy is the Bollinger Band.