Scalping system #14 (EURUSD scalping with Bollinger Bands)

hi, which time is best? can i use during asian session?

I think it's only a suggested pair. But you can use other too.

is this strategy meant only for eur/usd pair

I've been looking at this, and similar methods using "center of gravity".

I think there is mileage in the concept BUT it has not been reliable in EA's... neither backtesting nor actual trading.

If anybody wants to give me some parameters (settings for Bollinger Bands, RSI, Stoch, stop loss, take profit, trailing stops etc) I'll happily put them into my basic EA and you can test it for yourself.

Sorento, I use Marketindex from Royal Bank of Scotland.. Hope this helps you

Hi Hessel,
Can you please post a screenshot of your system
Regards,
Sorento

Nic one, just learnt of this, i added some modifications and will test it one is ok i will let you guys know it. I will be trying it this coming week. From what i understand the prices are expected to bounce within the given range atleast that is what forex is all about in the first place, just that people do not have enough money and they tend to add alittle emotions on their trade.
Good luck everyone next week
Kindest Regards
Michael

Hello hessel. What are you rate of returns on this scalping system so far? And over what time frame? I am deciding between swing trading and scalping. Wondering if this is worth spending more time in front of the pc. Thanks.

Sorry Dave, I didn't saw your post on the second page yet. Well, hope the entry-rules are clear to everyone now!;)
Good luck!

This is another example of 2 possible trades this morning on the EUR/USD. Notice that I use RSI 8 with horizontal lines on 20 and 80 for even more accurate entries! So Dave, whenever prices (nearly) reach the Blue BB and the RSI is under 20 (long entry) or above 80 (short entry) you enter the market.

Dave, you enter a long trade when price is at least halfway past the yellow BB, so between the yellow and blue BB and with the RSI > 70. Same for a short trade with RSI <30. Hope it's clear to you now!

I figured out the answer to my previous question by looking at 'Scalping system #7'. Has anyone looked at longer time frames with this? It looks like a nice swing trade system as well. Of course, you would want hard stops when using a longer time frame.

Dave

This looks good to me but I'm not clear on the entry. What exactly is "halfway up to the upper blue bollinger band. Halfway from where?

Thanks,

Dave

Hi,
can you, please, make an expert advisor?
Thx

kacenkabila(at)seznam.cz

Amin Bro ...