Simple Scalping Using Bollinger Bands Confirmation
Tonight I will share my tested scalping strategies with Bollinger bands and four zig zag. One of the best pairs on using this scalping strategy in eurusd,usdjpy,eurjpy. This is my three favorite pairs. But before we take action to trade with this accurate scalping strategy, money management still has to be applied on each entry lot and combined with averaging 15-30pips per step.
Scalping Parameters
We can use this strategy on m15, h1 or h4 time frame. Variable this scalping strategies see below :
- BB Pink [Period : 15, Shift: 0, Deviation : 1, Apply : Close]
- BB White[Period : 15, Shift: 0, Deviation : 2, Apply : Close]
- BB Blue [Period : 15, Shift: 0, Deviation : 3, Apply : Close]
- ZZ 14,5,3 ==> white
- ZZ 50,5,3 ==> red
- ZZ 100,5,3 ==> yellow
- ZZ 200,5,3 ==> pink
Here is screenshot below that how scalping strategies with Bollinger bands and zig zag indicators give us a accurate signals.
Sell Signal Scalping With Bollinger Bands And Zig Zag
SELL IF :
ZZ 100 [Yellow] or ZZ 200 [Pink] Breakout Upper BB White [Deviations 2] or Blue [Deviation 3] TP 1 Median BB Blue [Deviations 3] TP 2 Lower BB Pink [Deviations 1] TP 3 Lower BB White [Deviations 2]
Buy Signal Scalping With Bollinger Bands And Zig Zag
BUY IF :
ZZ 100 [Yellow] or ZZ 200 [Pink] Breakout Lower BB White [Deviations 2] or Blue [Deviation 3] TP 1 Median BB Blue [Deviations 3] TP 2 Upper BB Pink [Deviations 1] TP 3 Upper BB White [Deviations 2] Template Simple Scalping Strategy Download Here.
Accurate signals will be obtained if we use a four-hour or daily time frame as our based trend and apply the terms of the condition of buy or sell signals in a 5-minute or 15-minute chart. For example: as long as a four-hour or daily time frame there are no terms of the condition of buy signals then it would be downtrend remains and we only take a look for sell signals parameters on a 5 or 15-minute chart and vice versa.
Conclusion
These simple price action trading strategies still need to be combined with averaging and tight money management. Suggestion averaging with 15-30pips on h1 and h4 time frame. If zigzag 200 appears on the h1 time frame you can start this strategy. More accurate if zigzag 100 and 200 appear on the h1 time frame and four-hour time frame (price at least above/below Bollinger bands deviation 2 and 3) also remember that two big periods zig zag 100 and 200 have to be on supply-demand zones level and entry still need confirmation from candlestick basics confirmation to get valid signals, this could bring us wealth pips every week. We can use this system on the M15 Time Frame. I hope this scalping strategy using Bollinger bands and zig-zag can give us more pips in everyday trades.