Awesome and Bollinger Bands Scalping

Submit By Janus Trader

1. 1. Trade between 3:00 am to 11:00 am ESDT(Eastern Standard Time)
      Time Frame 5 minutes
      Pairs: Majors
   2. 
      
   Indicators:
   Bollinger bands (20; 2)
   Awesome
   MACD (12, 26, 9)

1. 
   
2. Long Entry
3. AO(Awesome oscillator ) is turned green and is placed above the zero level.
   
   1. 1. 1. MACD green band is above red band.
         2. MACD histogram is above zero level.
         One bullish candle has to close above mid BB and enter immediately at the open of next candle if the rest of components agree to each other.
         What to look for. Bullish candle has to close above mid BB and pull trigger to go long as soon as the candle that crosses mid bb closes.
   
   

Short Entry

1. One bearish candle has to close below mid BB and enter immediately at the open of next candle.
   
   

Candle has to close below mid BB and pull trigger to go short as soon as the candle that crosses mid bb closes.

 AO(Awesome oscillator ) is turned red and is placed below the zero level.

 MACD red band is below green band.

 MACD histogram is below zero level. 

Exit

Place stop loss if Going Long, three pips under mid BB if candle closes in selling area.If going short, place stop loss three pips above mid BB if candle closes in buying area.

Profit Target 6-10 pips

The rules of the system in the pictures below.

Awesome and Bollinger Bands

Awesome and Bollinger Bands.rar

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For trade I recommend to choose Broker with MT4 >>