BOLLINGER-RSI SCALPING STRATEGY

Trading the Forex Majors (preferably EURUSD and GBPUSD) using the Bollinger Bands and RSI.


TRADING STRATEGY

Style: Scalping Strategy

Name: Bollinger-RSI Scalping Strategy

FINANCIAL ASSETS

■ GBPUSD best (or EURUSD)

■ Use this strategy in other Forex assets given tight spreads in order not to disturb your P/L Ratio



TIMEFRAME

M1 timeframe (1-Minute)

■ 8-10 daily trades



INDICATORS & SETUP

This strategy is applied using the Bollinger Bands and RSI.

Setting the Bollinger Bands and RSI:

Bollinger Bands

Use the following settings:

(i) 12 Periods instead of the standard 20 periods

(ii) Deviations 2

(iii) Shift 0

RSI

-The standard settings (14,9)



TRADING SIGNALS

This is a simple scalping strategy combining two popular indicators:

■ (↑) Long Trades

When GBPUSD reaches the lower Bollinger Bands you prepare to trigger a Long (bullish) trade.

RSI-30 is the trigger for a Long Trade

■ (↓) Short Trades

On the contrary when GBPUSD reaches the upper Bollinger band you prepare to trigger a Short (bearish) trade.

RSI=70 is the trigger for a Short Trade



TRADING ORDERS

Here is how we set the Bollinger Scalping Strategy:

■ Take Profit: 5-7 pips | ■ Stop-Loss: 10 pips | ■ Profit/Loss Ratio: 0.5 / 0.7

 


CHART: Bollinger-RSI Scalping

Bollinger-RSI Scalping


 

 

  

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FOREX RATINGS: ► DIRECTORY | ► TRADE SPREADS | ► FOREX REBATES | ► FOREX SCALPING | ► SWAP RATES | ► FUNDS SAFETY

 

Bollinger-RSI Scalping Strategy

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