Bollinger Band scalping Trading System
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thread: Bollinger Band scalping Trading System

  1. #1
    Junior Member Alexfn's Avatar
    17

    Bollinger Band scalping Trading System

    Indiors:
    1) Bollinger Band (50) deviation 2 color red;
    2) Bollinger Band (50) Position 3 colour orange;
    3)Bollinger Band (50) deviation 4 colour yellow.

    Short Entrance position:When price crosses the upper reddish b at least half way into the orange b (if it gets into the yellow b is greater but less normal) Then the price will tend to retrace towards the middle of the bollinger bs you profit type this retracing.

    Long Entry position:it is the same as selling, the difference is that we will wait for the price to range between the lower yellow and red bands, and trade the retracing towards the middle.

    Profit Exit: Move for 5 to 10 pips, or exit at middle ring.

    Stop reduction:You've two kinds of stops: time based and loss based.

    https://www.cliqforex.com/attachment...1904856488.zip

  2. #2
    Member Sireh's Avatar
    43
    Hi,
    Thx for sharing your egy. Nice to see you are making the usage of this 68-95-99.7 rule along with the 0.3% area to the yellow bands. Have you ever done the backtest to your egy? Just like what's the probability of a prosperous trade once the price crosses the band? You will find that price likes to browse the BB and then consolidate a lot into the area which you do not use.

    Could you give any insight into which symbols/ timeframes you had most success with?

    Kind Regards,

  3. #3
    Junior Member Alexfn's Avatar
    17
    Hi, Thx for sharing your egy. Nice to see you're making the usage of the 68-95-99.7 rule and the 0.3% area to the yellow rings. Have you done the backtest to your egy? Just like what's the normal probability of a trade once the price crosses the red band? You will realize that price likes to surf the BB and then simply merge a lot to the 68% area which you do not use. Can you provide any insight to which symbols/ timeframes you had success with? Kind Regards,
    hi

    check my current trade example

    Sold on middle Band support


  4. #4
    Indiors: 1) Bollinger Band (50) deviation 2 color red; 2) Bollinger Band (50) deviation 3 colour orange; 3)Bollinger Band (50) deviation 4 colour yellow. Short Entry place:When price crosses the top red b at least half way into the orange b (when it gets into the yellowish b is greater but maybe not as normal) Then the price will tend to retrace towards the center of the bollinger bs you profit form this retracing. Long Entry position:it is the same as selling, the distinction is that we will await the price to range between the lower red and yellow rings,...
    Profess , when you copy a trading system, you must at least possess the correctness to mention the initial founder of the system : Chelo.
    Trader Chelo has posted this system 11 decades before , on November 24, 2007.
    This is it : http://forex-egies-revealed.com/gbp-jpy-scalping

  5. #5
    Junior Member Alexfn's Avatar
    17
    Just like there are a lot of system in internet !

    Its use with totally free mt4 indiors anyone can can and edit and use how they want !

  6. #6
    Junior Member android32's Avatar
    15
    Indiors: 1) Bollinger Band (50) deviation two color red; two) Bollinger Band (50) deviation 3 color orange; 3)Bollinger Band (50) deviation 4 color yellow. Short Entry position:When price crosses the upper red b at least half way to the orange b (when it gets to the yellow b is better but not as usual) Then the price will tend to incline towards the middle of the bollinger bs you profit form this retracing. Extended Entry position:it is the same as selling, the difference is that we'll await the price to range between the lower red and yellow rings,...
    Hello!

    Thank you for sharing!
    What's your win rate?
    Typical loss/win?

    SP

  7. #7
    Junior Member casta12337's Avatar
    9
    Similar there are a lot of similar system in internet ! Its usage with totally free mt4 indiors anyone edit and use and can can they want !
    It is an specific copy. Even the words are the exact same.

  8. #8
    Much like there are a lot of similar system in internet ! Its usage with totally free mt4 indiors anyone can can and edit and use how they desire !
    Similar ? It is an exact copy as Violenteer stated. Even the words are the exact same.
    Profess , do not try to acquire cunning with me.

    http://forex-egies-revealed.com/gbp-jpy-scalping

  9. #9
    Junior Member Javirex888's Avatar
    20
    Although about thinking beyond the box and use circles less sign to close however open transactions ? (price goes above/below)

    BB is a wonderful thing because it shows you not only in the event that you need to buy or sell but when to remain out. Simply play settings and try to discover an innovative BB (there are several) that has either different MA types or smoothing choice as the classic SMA calculation is now actually of just restricted use.

  10. #10
    Junior Member Alexfn's Avatar
    17
    How about thinking beyond the box and utilize outer bands less sign to shut but open trades ? (price goes above/below) BB is a superb thing because it shows you not just if you need to buy or sell but also when to remain out. Just play settings and try to find an innovative BB (there are several) that has either various MA types or smoothing choice as the classic SMA calculation is currently actually of only limited usage.
    Hello

    Better utilize on london session, then beeter trades come! Also watch bigger timeframe period !

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