621# 1 minute scalping after London
Bollinger Bands 1 minute scalping
Bollinger Bands in trend trading with 200 moving average smoothed
Submit by Joy22
1 minute scalping after London is a trend following strategy based on two Bollinger Bands and one moving average for the to determine the trend direction. The trades are only in the direction of the trend. The two bands are an good filter for trades because we consider the trades when the price touches or exceeds the level of the Bollinger Bands with deviation 2.3.
The idea of this strategy is to trade in the trend with low volatility using market fluctuations of the markets with the Bollinger Bands.
Time frame 1 min
Currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/JPY.
Metatrader Indicators:
Bollingers Bands 2.3 deviation, period 20.
Bollingers Bands 2.0 deviation, period 20.
Moving average 200 period smoothed.
Trading Rules 1 minute scalping after London
Buy
Moving average 200 smoothed below the midlle band of Bollinger Bands.
The price the price touches or exceeds the level of the lower Bollinger Bands with deviation 2.3.
Entry in the market when the price retraces into the bands with green candle.
Sell
Moving average 200 smoothed above the midlle band of Bollinger Bands.
The price the price touches or exceeds the level of the higher Bollinger Bands with deviation 2.3.
Entry in the market when the price retraces into the bands with red candle.
Profit Target options: middle band, the oppsosite band or 4-5 pips.
Stop loss below/above the Bollinger Bands deviation 2.0.
In the pictures 1 minute scalping after London in action.
Share your opinion, can help everyone to understand the forex strategy.
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