The Magic Bands Scalping Method

Magic Bands:Scalping Method

Magic Bands:Scalping Method

Submit By Forex StrategiesResources

Time Frame:any (For Scalping 5min)





BbandsStop (16,2)


Long Entry:

When the price of a bar closes above the bands and BBands
stop dot is below, buy at open of the next bar. Re-Entry Long: with the if BBands stop open an new position and above the Magic Bands.

Short Entry:

When the price of a bar closes below the bands and
Bbands stop is above sell at open of the next bar.Re-Entry Short: with the if Bbands stop open an new position and below the Magic Bands.

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Exit Position with BBands stop

For Scalping with Profit Target

Add Ribbon Indicators and delete BBands stop.

Long Entry:

When the Ribbon is Green and Above the Magic Bands.

Short Entry:

When the Ribbon is Red and Below the Magic Bands.

Profit Target: AUD/USD 6 pips, 8 pips EUR/USD, 10 GBP/USD

Place Stop Loss 5 pips below or above Bar Entry.

Magic Bands

Magic Bands

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  • 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