Indicators:
1) Bollinger Band (50) deviation 2 color red;
2) Bollinger Band (50) deviation 3 color orange;
3)Bollinger Band (50) deviation 4 color yellow.
Short Entry position:When price crosses the upper red b at least half way to the orange b (if it gets to the yellow b is better but not as usual) Then the price will tend to retrace towards the center of the bollinger bs you profit form this retracing.
Long Entry position:it is the same as selling, the difference is that we will wait for the price to range between the lower red and yellow bands, and trade the retracing towards the center.
Profit Exit: Go for 5 to 10 pips, or exit at middle band.
Stop Loss:To have two kinds of stops: time based and loss based.
1) Bollinger Band (50) deviation 2 color red;
2) Bollinger Band (50) deviation 3 color orange;
3)Bollinger Band (50) deviation 4 color yellow.
Short Entry position:When price crosses the upper red b at least half way to the orange b (if it gets to the yellow b is better but not as usual) Then the price will tend to retrace towards the center of the bollinger bs you profit form this retracing.
Long Entry position:it is the same as selling, the difference is that we will wait for the price to range between the lower red and yellow bands, and trade the retracing towards the center.
Profit Exit: Go for 5 to 10 pips, or exit at middle band.
Stop Loss:To have two kinds of stops: time based and loss based.
Attached File(s)
tpl bollinger band scalp.zip
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