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.
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
- 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