5 Minute Forex Scalping System With RSI and Bollinger Bands Indicator

High accuracy “5 Minute Forex Scalping System With RSI and Bollinger Bands Indicator” – If you love Bollinger Bands indicator for scalping then you may like this scalping system.


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Bollinger Bands indicator is one the most useful and commonly used tools in spotlighting extreme short-term prices in the forex market.

  • Time Frame: M5 (scalping trading)
  • Currency Pair: EURUSD and GBPUSD

 

MetaTrader Trading Indicators
  • Bollinger Bands
  • RSI

 

BUY Rules


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  • Watch to see if the price goes down and touches the lower Bollinger Bands.
  • If it does so, opens a BUY position when the RSI line upward and above level 55

 

SELL Rules

  • Watch to see if the price goes up and touches the upper Bollinger Bands.
  • If it does so, opens a SELL position when the RSI line downward and below level 45

 

Trading Notes
  • You can use this “5 Minute Forex Scalping System” for intraday trading.
  • Risk-Reward Ratio 1:2 or higher

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