AGGRESIVE 5 MIN BOLLINGER BANDS FOREX

SCALPING STRATEGY

The Aggressive forex strategy utilizing Bollinger bands as a tool for entry based
on breakout and momentum.

Developed by John Bollinger, Bollinger Bands are volatility bands placed above
and below a moving average.

Volatility is based on the standard deviation, which changes as volatility increases

and decreases.

The bands automatically widen when volatility increases and narrow when
volatility decreases.

BB are able to adapt to market volatility, therefore price closing outside of its
boundaries can be considered a breakout with high enough price momentum.

Furthermore, EMA 150 is used together with BB to clearly separate uptrend from
downtrend.

This strategy also offers amazing RRR that can get up to 1/15 -1/20.

Forex Strategy Setup:

Bollinger bands – default settings

150 Period EMA (exponential moving average)

Preferred Timeframe: 5-minute charts.

Currency: any major currency pair.

Now let’s continue...

Forex Strategy rules:

SELL:
All three of bollinger bands are trending below the EMA 150. This is an
downtrend.

Bearish candle closes below bottom BB band (signal candle).

We enter short, on new candle open, placing stop loss one pip above signal
candle high.

Take profit: We exit with profit once price closes above middle BB band.

BUY:
All three of bollinger bands are trending above EMA 150. This is an uptrend.

Bullish candle closes above upper BB band (signal candle).

We enter long on new candle open, placing stop loss one pip below signal candle
low.

Take profit: We exit with profit, once price closes below middle BB band.