Aggressive 5 min Bollinger bands Scalping FOREX strategy

Aggressive forex strategy utilizing Bollinger bands as tool for entry based on breakout and momentum. BB are able to adapt to market volatility, therefore price closing outside of its boundaries can be considered a breakout with high enough price momentum. Furthermore, EMA 150 is used together with BB to clearly separate uptrend from downtrend.  This strategy also offers amazing RRR that can get up to 1/15 -1/20.

 

Tools used in forex strategy

Forex indicators

Bollinger bands – default settings

EMA (exponential moving average) 150

Timeframe 5 minutes. Currency: any major currency pair.

 

For the best results, trade with professional ECN/STP broker with MT4. If you can't trade with profit. Automatically copy the traders that are already profitable.

 

Forex strategy rules:

 

SELL:

 

All three of bollinger bands are trending below EMA 150. Downtrend.

Bearish candle closes below bottom BB band (signal candle). We enter short, on new candle open, placing stop loss one pip above signal candle high.

Take profit: We exit with profit once price closes above middle BB band.

 

BUY:

 

All three of bollinger bands are trending above EMA 150. Uptrend.

Bullish candle closes above upper BB band (signal candle). We enter long on new candle open, placing stop loss one pip below signal candle low.

Take profit: We exit with profit, once price closes below middle BB band.

We recommend you to use this forex strategy with one of our trusted forex brokers (STP/ECN with MT4 bridge).

To win you must trade with broker on your side.

Dislaimer:  Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer.

TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use. 

 

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Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

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