MACD & Bollinger Bands Scalping System

This is a very simple and effective scalping strategy for M15. It is suitable for all Forex currency pairs. We use only standard indicators for trading.

Settings

• Time Frame: M15
• Currency pairs: any
• Indicators: MACD(11, 27, 4), Bollinger bands (20, 2), SMA(2).

Rules

Buy signal

1. MA (2) crossed the middle Bollinger band bottom-up.
2. MACD histogram is below the line.
3. At the opening of the next candlestick – buy.

Sell signal

1. MA (2) crossed the middle Bollinger band top down.
2. MACD histogram is above the line.
3. At the opening of the next candlestick – sell.

Monitoring of a deal

• Stop loss is 12-16 pips depends of currency pairs.
• Take Profit is 10-15 pips or we place it on the opposite band of Bollinger bands;
• If you have sell order, you need to open it on the upper band plus 2 pips.

Read more

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