Scalping with pattern 1-2-3- and Bollinger bands

 

Scalping with pattern 1-2-3- and Bollinger Bands

Scalping with pattern 1-2-3- and Bollinger bands is a forex scalping system
based on the 1-2-3 pattern and bollinger bands indicator.

Time Frame 1min or 5 min.

Currency pairs: majors.

Indicators:

1-2-3
pattern
,

Bollinger bands.

Once the indicators pattern1-2-3draws on your chart it’s time to start paying close attention as a setup

is in progress.

We are waiting for the current price to hit the fibo level of
161.8
. THATS IT! No other levels are used. Once 161.8 is hit in an uptrend place buy (or an a call). Once 161.8 is hit in a downtrend place a sell (or a put).

When price is approaching 161.8 and your sure a trade is coming, look at your

bbands for confirmation. If they are squeezing avoid the trade, if they are seperating, jump in.

On the 1 minute chart when price hits the 161.8 and bollinger
bands
confirm, this is a

breakout!

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There are 2 pics to show you what a typical trade looks like.

For 5min time frame these are the
rules:

Once 100 is hit in an uptrend place buy (or an a call). Once 100 is hit in a downtrend place a sell (or a
put).

When price is approaching 100 and your sure a trade is coming, look at your

bbands for confirmation. If they are squeezing avoid the trade, if they are seperating, jump in.

On the 1 minute chart when price hits the 100 and bollinger bands confirm, this is a

breakout!

 

In the pictures Scalping with pattern 1-2-3- and Bollinger
Bands
in action.

1-2-3 Scalping with bollinger bands
1-2-3 Scalping with bollinger bands
1-2-3 Scalping with bollinger bands
1-2-3 Scalping with bollinger bands

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strategy

  • Platform: Metatrader4
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • How to install MT4 indicator?
  • 1. On the desktop, double-click to open the MT4 trading platform software you installed.
  • 2. Click on “File” – “Open Data Folder” in the upper left corner, double-click the MQL4 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT4, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window
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