Forex Scalping Strategy With Bollinger Bands

Scalping the GBP/USD and EUR/USD 5 min trading charts with Bollinger Bands. This strategy works best in a range-bound market environment characterized by almost flat horizontally aligned Bollinger Bands.

Scalping Setup

Indicators: Bollinger Bands with default 20,2 settings
Preferred time frame(s): 5 min
Trading sessions: EUR, US
Preferred Currency pairs: GBP/USD, EUR/USD

Download

Download the Forex Scalping Strategy With Bollinger Bands for Metatrader 4.

GBP/USD Chart: Strategy Example

gbpusd-bollinger-bands-scalpingWe had 7 winning trades and only 1 loss, as shown in the chart above (click the chart to enlarge).

Trading Rules

Buy Rules:

  • Bollinger Bands needs to be almost flat (range trading)
  • The price touches the lower Bollinger Band

Open BUY position. Set stop loss at 10 pips below the entry price. Close the trade at the upper Bollinger Band.

Sell Rules:

  • Bollinger Bands needs to be almost flat (range trading)
  • The price touches the upper Bollinger Band

Open SELL position. Set stop loss at 10 pips above the entry price. Close the trade at the lower Bollinger Band.

Download Forex Analyzer PRO For Free Today!

Brand New Forex System With Super Accurate And Fast Signals Generating Technology.

Forex Analyzer PRO generates buy and sell signals right on your chart with laser accuracy and NEVER REPAINTS!

  • Up To 200 Pips Every Day
  • Buy And Sell Forex Signals
  • Advanced Daily Range Detection
  • Email & Mobile Trading Alerts
  • No Repainting Or Lagging