Yes, scalping using Bollinger bands strategies is very effective in some moments. This Bollinger band strategy has a rule “Never Trade On Big News”. Once we get exercise in small time frames like 15 minutes, 5 minutes, 30 minutes, or even an hour this Bollinger bands strategy is very accurate for scalping combined with cross ema 3 and 30 and stochastic. Set stochastic parameter with 20 for oversold and 80 for overbought.
Rules :
BUY SIGNAL :
- EMA 3 cross EMA 30 and price above EMA 100
- Stochastic touch 20 or break 20
- Price touch lower Bollinger Bands
SELL SIGNAL :
- EMA 3 cross EMA 30 and price below EMA 100
- Stochastic touch 80 or break 80
- Price touch upper Bollinger Bands
Some basic and breakouts Bollinger bands strategies can be seen in the picture below too: 😉
Scalping Strategy in Gold [XAUDUSD]
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