mForex - Bollinger Bands - Pinbar scalping system

Transaction setup parameters

• Time frame: M5, M15
  
• Currency pair: Any except XAU/USD
  

Trading strategies
=== BUY ===

• Price break out of the lower Bollinger Bands
  
• The Pinbar reversal candlestick appears and closes the candle on the lower Bollinger Bands
  
• Stop loss: Nearest bottom + 3-5 pips
  
• Profit target: 10-20 pips
  

=== SELL ===

• Price break out of the upper Bollinger Bands
  
• The Pinbar reversal candle appeared and closed below the upper
  
• Stop loss: Nearest peak + 3-5 pips
  
• Profit target: 10-20 pips
  

* If you have any questions or suggestions for this strategy, feel free to ask us.