Win Bands Forex Scalping Strategy

In order to consider scalping, it is important to understand that it is very fast paced and requires a high level of concentration and persistence in order to make sense trading this way.

If your attention wanders off for even a second, you might miss out on good short-term trading opportunities the market throws at you.

The Win Bands forex scalping strategy helps you maintain a good mental balance when trading within such a speedy marketplace.

Chart Setup

MetaTrader4 Indicators: binary-options-bands.ex4 (Inputs Variable Modified; Periode=30.9), BBWin.ex4 (Inputs Variable Modified; AppliedPrice=45, TrendPeriod=24)

Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute

Recommended Trading Sessions: London and New York

Currency Pairs: Any pair

Download

Download the Win Bands Forex Scalping Strategy

Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Initiate a buy entry if the following indicator or chart pattern gets displayed:

  1. If price opens and closes above the middle lime line of the binary-options-bands custom indicator as pointed on Fig. 1.0, the overall market sentiment is said to be bullish i.e. a trigger to buy the stipulated currency pair.
  2. If the red line and black histograms of the BBWin.ex4 MT4 indicator break above the 0.00 level as depicted on Fig. 1.0, price is said to be pushed to the upside, hence a buy signal is sufficient.

Stop Loss for Buy Entry: Place stop loss below short-term support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following rules or conditions takes preference:

  1. If while price is pushing higher (bullish signal), a candle is seen to open and close below the middle lime line of the binary-options-bands custom indicator, it is a trigger to exit or take profit at once.
  2. If the red line of the BBWin.ex4 custom indicator breaks below the 0.00 level during a buy trend, forex scalpers are advised to exit or take profit without delay.

Sell Entry Rules

Enter a sell order if the following holds true:

  1. If price opens and closes below the middle lime line of the binary-options-bands custom indicator as seen on Fig. 1.1, the general market sentiment is said to be bearish, hence a trigger to sell the selected forex pair.
  2. If the red line and black histograms of the BBWin.ex4 MT4 indicator break below the 0.00 level as illustrated on Fig. 1.1, price is said to be pushed lower, hence a sell signal will suffice.

Stop Loss for Sell Entry: Place stop loss above short-term resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following takes center stage:

  1. If while price is pushing lower (bearish sentiment), a candle is seen to open and close above the middle lime line of the binary-options-bands custom indicator, it is a trigger to exit or take profit straightaway.
  2. If the red line of the BBWin.ex4 custom indicator surges above the 0.00 level during a sell trend, forex scalpers are advised to exit or take profit right away.

Sell Trade Example

Fig. 1.1

Free Download

Download the Win Bands Forex Scalping Strategy

The binary-options-bands.ex4 custom indicator is a band that resembles the Bollinger Bands, but is set a default period of 61.8.

You can play around with this value to get a setting that suits your preference.

The BBWin.ex4 custom indicator is an indicator that is made up of Bollinger Bands along with trend lines in a separate chart window.

Download The M1/M5 Forex Scalping Strategy Today!

This Incredible High Win Forex Scalping Strategy Will Trigger Only When There Is An Extremely High Chance Of A New Profitable Low Risk Trade To Take Place.

What are you waiting for? Start making pips today:

  • Up To 100 Pips Every Day
  • Works on all forex pairs and Bitcoin!
  • Low Risk Forex Scalping
  • Works on M1, M5 and UP