304 # Scalping system with Bollinger Bands Stochastic and RSI

Scalping Forex Strategy CVN Signal

Submit Janus Trader 18/03/2013

Time Frame 1 min, or 5 min.

Currency pairs majors.

CVN Signal ( modified for this strategy to see in the code);

Buy

Price breaks lower Bollinger Bands bands;

RSI (9 period)<25;

Stochastic<20.

Sell

Price breaks upper Bollinger Bands bands;

RSI (9 period)>75;

Stochastic>80.

Take Profit of 5 to 10 pips or midlle band.

Stop loss 15-20 pips

In the pictures below Scalping system with Bollinger Bands Stochastic and RSI in action.

Share your opinion, can help everyone to understand the forex strategy.

Comments: 3

#3
Abdullah (Tuesday, 21 July 2015 18:30)

Hi
i use almost same strategy with 1 more condition and its work very well.
for Buy position the Moving Average 50 should be Above Moving average 100 ( Moving average smoothed defuilt setting to close )

The target for the buy the upper bolinger band

The opposite for the sell position.

Its amazing i trade it manual and i need an EA if you can do it for me.

Regards

Abdullah
My email : amamayouf@gmail.com
#2
Mike (Tuesday, 30 December 2014 10:47)

Thats bull shit, its only opening position... as usual, there is no information, when to close the trade...
#1
Yashodhan (Saturday, 05 July 2014 20:36)

Thts a pretty good system....thanks for sharing....