BB Scalping system

Hi,

I will try explain a system that I use with success. This system is called "BB Scalping"
( in the rules I write about m15/m5 but h1/m15 or h4/h1 works well to )


Template Setup:

1. Blank chart just with default Metatrader 4 Heiken Ashi candles
2. Default Metatrader 4 ADX indicator
3. 1 default Bolliger Band with a deviation of 1
4. 1 default Bolliger Band deviation of 2

Timeframes used:

1. 15 minutes TF to search for a good setup
2. 5 minutes TF to trade

How it works:

1. Search for pairs that are trending (ADX >25) on our 15minutes TF
2. On our 15 minutes TF we search for HA candles with a good setup. Sell sign candle is a red candle with no or small wick over and long wick under and big body. Buy sign candle ia a white candle with no or small wick below and long wick over and big body.
3. To enter long (Buy) we need to see our buy candle placed on the upper mid-high off our BB
4. To enter short (Sell) we need to see our sell candle placed on the lower mid-low off our BB
5. After we found a good setup we switch to our 5 minutes TF and wait for a similar setup as found in our 15minutes TF. Then we can enter the trade.

Exit Rules:

1. The safest way to exit this trade is when our HA candle on 5minutes TF closes with a really small body and wick below and above the body (similar to a doji bar), closes in a diferent color. or moves to the other side of the BB.
2. If you can deal with it just exit when our 15 minutes HA candle closes with a really small body and wick below and above the body (similar to a doji bar), closes in a diferent color or moves to the other side of the BB.

I post a screenshoot.

Hi

I post one example from usdcad H1 from today.

1- Line on 17:00 gives us a "Go ahead" signal.
2- On next bar we get ADX crossing 25 level so now we are ready to trade.
3- We open one trade around 1.2313 level.

We are still in this trade.

Thanks for the thread!

Also: I like your signature a lot!

Well I hope I give my 2 cents to the forex world

Can you mark the trades in this screenshot from post #2.

Hi,

I post 2 we have more than 1 trade but I do not know how to update a current picture.
Do you want me to put more examples ?

I put a new example:

Trade open after red line and trade close after green line.

Ekenberg,

you never give up!!!!

Where is the link to join the room?

Let's count the stars of that thread!!!

Unfortunately, there are only 5 stars to earn, but this strategy deserves more than 20.

Instructions say M15, but your charts are H1. Which do you prefer?
And what do you mean by ..."sell candle placed on the lower mid-low off our BB"?

It seems very subjective -- what do you consider a "big body" or a "small body", for example.

hi hekenberg

i had seen a similar strategy in another forum ..... i think this works only on GJ and UJ ..the author of this system on another forum had posted his result and it's impressive ....do you have any result ?????

cheers

Hi,

I'm not a scalper so I like h1/m15. But this system was created for scalping with m15/m5

This system is a trend following system so we want to have bb going north // or south \\ not like "=".

Like all system you need to practice to get the right entry and exit.

Subjective ? : Maybe but very visual so easy to see when you are wrong.

This system works well in trending markets.
I have not direct results because I use different systems.

You can try it and we can discuss different setups.

wow cool....
I put BB dev 1
it's give signal when and where prices will go..

Hi,

Here is one current trade where we get ADX rising over 25 before Bollinger band changing from = to \ \

Trade triggered on red vertical line and price shown with green.

I hopes it help ....

Post one m5 ( scalping ) example

Ok, so you just post a strategy that I have seen in a dozen of others books. But you have not even test it. First u say " I use it with success" but after that you say " i got no direct results becouse ..."
Ok I´ve test it and wil tell that you are going to have an enormous number of false signals. I know you from other forums and think this is another strategy for taking people to your private chat.
Won´t put the link cos I don´t want to advertise you.
Salute to Warren Benjamin ( the banned man).

"Ok, so you just post a strategy that I have seen in a dozen of others books." > Cool must be a good system if you can find it in dozen of books

Not as you have expained, this way is useless, sometimes things are better simple but in your case is not.

Take a look at "technical analysis of the currency markets" by Boris Schlossberg there you will find same strategy you have expalined in a better way but this not means that it´s a good one. Like allways what works well in trending markets is killed someday by periods of ranging.