Scalpeur journal, scalping the bollinger band | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Developing algo for Modified Bollinger Band Scalping Strategy 3 replies

ema bollinger band alerts 1 reply

Bollinger band difference indicator... 2 replies

Bollinger band settings? 1 reply

Bollinger Band Width for Metatrader 4 replies

Attachments: Scalpeur journal, scalping the bollinger band
Exit Attachments

Scalpeur journal, scalping the bollinger band

  • #41
  • Oct 14, 2013 2:40am Oct 14, 2013 2:40am
Hi, I had a look at the thread an find it very interesting. I have been looking at Bollinger Bands for a couple of months now and find this system to be the one that I would like to try for myself. I am just not completely sure when to take the entry. Could someone pleas explain it to me again in simple English as I am a bit simple and sloooow.

Thanks for the thread.
Gog
  • #42
  • Oct 15, 2013 6:14am Oct 15, 2013 6:14am
2 week's of slow trading. (golden week holiday + shutdown)

Trades: 52
Pips Gained: 358
Pips Lost: 0
Return: 8.2%

http://nimga.fr/m/Gm0Tv.jpg
  • #43
  • Oct 15, 2013 7:04am Oct 15, 2013 7:04am
Good job! When you are going to LIVE account?
  • #44
  • Oct 15, 2013 11:05am Oct 15, 2013 11:05am
Some setup 1 minute:


http://nimga.fr/m/UMcLc.jpg
  • #45
  • Oct 15, 2013 3:06pm Oct 15, 2013 3:06pm
I really don't understand how you scalp, can you summarize your rules please ?
Thanks a lot,
Green pips !
Trade Safe !
  • #46
  • Oct 15, 2013 6:08pm Oct 15, 2013 6:08pm
Scalpeur, what do you think about this 4 Hour Gold chart ? Confluence of 200 and 360 Bollinger Band, but 20 Bollinger did not cross those bands up. Price still can go down ?

Attached Image (click to enlarge)
Click to Enlarge Name: goldmicroh4.png Size: 59 KB
  • #47
  • Oct 15, 2013 6:41pm Oct 15, 2013 6:41pm
Hi,

For me, it's no yet good time to go long.

In your picture, if you look the bb360 arround 26 august 17:00, the bb360 up stair band is flat, the up is finish, if you look now, there are no flat, they go down.

If i look 1 day my picture, it's down to the bb100 , the macd is small, still more down.

http://nimga.fr/m/f6o3F.jpg
  • #48
  • Oct 15, 2013 7:11pm Oct 15, 2013 7:11pm
Thank you !
  • #49
  • Oct 15, 2013 9:04pm Oct 15, 2013 9:04pm
Thank you scalpeur, do you share your template for this system? Thank you in advance.
  • #50
  • Oct 16, 2013 7:08pm Oct 16, 2013 7:08pm
Quoting Egarcia74
Thank you scalpeur, do you share your template for this system? Thank you in advance.
The Template is very simple.
on any chart you add Bollinger Band indicator 100 Period Deviation 2
on same chart you add Bollinger Band 20 Period Deviation 2 (Green color on last chart)
you add MACD indicator or any other Indicator, you like to use.
in last chart he is using Heiken Ashi candles , those are available in MT4 Plaform (He is using Oanda Platform)

If you do not know how to add indicators, you have to go back to basics and learn how to add indicators.


Add Heiken Ashi candles Metatrader tutorial
http://forexscalping101.blogspot.com...i-candles.html

Metatrader tutorials
http://Metatrader 4 Platform Tutorials

:nerd:
  • #51
  • Oct 16, 2013 7:12pm Oct 16, 2013 7:12pm
Sorry messed up my link

Metatrader tutorials
http://forexscalping101.blogspot.com...orials-13.html
  • #52
  • Oct 17, 2013 1:56am Oct 17, 2013 1:56am
Quoting RabbitWolf
{quote} The Template is very simple. on any chart you add Bollinger Band indicator 100 Period Deviation 2 on same chart you add Bollinger Band 20 Period Deviation 2 (Green color on last chart) you add MACD indicator or any other Indicator, you like to use. in last chart he is using Heiken Ashi candles , those are available in MT4 Plaform (He is using Oanda Platform) If you do not know how to add indicators, you have to go back to basics and learn how to add indicators. Add Heiken Ashi candles Metatrader tutorial http://forexscalping101.blogspot.com...i-candles.html...
But when do you enter ? What are the really rules?
thanks
Trade Safe !
  • #53
  • Oct 17, 2013 9:17am Oct 17, 2013 9:17am
Quoting Goodgame42
{quote} But when do you enter ? What are the really rules? thanks
I will help to answer later, I still study this system, I do not want to be not experienced teacher and to give you any wrong info. :nerd:

Scalpeur, please post more sample trade images, when you have free time. It is good to have images with comments. Thank you.
  • #54
  • Oct 22, 2013 12:52pm Oct 22, 2013 12:52pm
has anyone figure out the rules of the system?
thank you
  • #55
  • Oct 22, 2013 12:58pm Oct 22, 2013 12:58pm
Quoting Egarcia74
has anyone figure out the rules of the system? thank you
No stop loss is obviously one of the rules, but how much drawdown to risk and for how long to keep the open trades? The current open trades were held over 5 days but didn't threaten the account since it's only -14.7% risk. Maybe he can clarify how much leverage or for how long before deciding to close the losers, if we ever do close them for loss.
Attached Image (click to enlarge)
Click to Enlarge Name: 5.png Size: 31 KB
No longer trading forex. Looking for full time job.
  • #56
  • Oct 22, 2013 3:23pm Oct 22, 2013 3:23pm
Well ... we past Bollinger Band 200 and Bollinger Band 360 on Daily Chart.
Price is above weekly 200 Bollinger.
If EU/USD will enter into trending zone, that account will be empty. As I told, this system is only for Not Trending Market. Use it only for not trending pairs. Only if weekly candle collapses, this account may come back to profit.
  • #57
  • Oct 22, 2013 3:26pm Oct 22, 2013 3:26pm
Quoting RabbitWolf
Well ... we past Bollinger Band 200 and Bollinger Band 360 on Daily Chart. Price is above weekly 200 Bollinger. If EU/USD will enter into trending zone, that account will be empty. As I told, this system is only for Not Trending Market. Use it only for not trending pairs. Only if weekly candle collapses, this account may come back to profit.
Daily

Attached Image (click to enlarge)
Click to Enlarge Name: bb day.png Size: 74 KB


Weekly

Attached Image (click to enlarge)
Click to Enlarge Name: bb week.png Size: 55 KB


4 Hour

Attached Image (click to enlarge)
Click to Enlarge Name: bb 4 hour.png Size: 52 KB
  • #58
  • Oct 22, 2013 3:38pm Oct 22, 2013 3:38pm
I would also would add important rule here:

Do not trade during Non-Farm Employment Change News day, that can mess up any system.

:nerd:

Good luck !
  • #59
  • Oct 31, 2013 9:12pm Oct 31, 2013 9:12pm
Congratulations Scalpeur, you ended with Victory !

From this I learn, that sometimes it is not smart to close bad trades too soon. You traded with small lots - it did not make big danger to account total.

  • #60
  • Oct 31, 2013 11:34pm Oct 31, 2013 11:34pm
Yes i make mystake to trade during NFP, i miss to see 1h picture (strong up), but short to 1.3500, is no risk if you don't use big leverage.

Euro economy are no good, the medium VAT is 20%, they cannot go more up if they don't want civil war, US is 7%, so bernanke can print a lot more.
1 trader viewing now