Bollinger Best Signals
- Indicatori
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Eadvisors Software Inc.
Estratégias de negociação automatizadas para o mercado financeiro.
Robôs de Negociação e indicadores.
[Automated trading strategies]
Contate o Desenvolvedor: eadvisorsbr@yahoo.com - Versione: 208.26
- Attivazioni: 5
The 5-minute Forex scalping strategy using the Bollinger Bands indicator is a simple system you can use to trade the foreign exchange (Forex) market when it is ranging (moving sideways without a clear direction).
The Bollinger Bands indicator consists of three lines, each serving a specific function in this 5-minute scalping system:
the upperger BollinBand is used to sell or take profits on a buy trade initiated at the lower band;
the lower Bollinger Band is used to buy or take profits on a sell trade initiated at the upper band;
the middle line is a 20-period Simple Moving Average (SMA); you use it to move your stop loss (SL) to the break-even point, making the trade virtually risk-free.
Trading Requirements and Parameters
Timeframe: 5 minutes
Currency pairs: EURUSD, GBPUS, all even GOLD
Indicator: Bollinger Bands (with default settings)
Trading sessions: trade only during the London and New York sessions
Learn how to design a trading system by Bollinger Bands - MQL5 Articles