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.
- Time Frame: M15
- Currency pairs: any
- Indicators: MACD(11, 27, 4), Bollinger bands (20, 2), SMA(2).
- MA (2) crossed the middle Bollinger band bottom-up.
- MACD histogram is below the line.
- At the opening of the next candlestick – buy.
- MA (2) crossed the middle Bollinger band top down.
- MACD histogram is above the line.
- 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.