Forex Scalping 1min Bollinger Bands, RSI and ADX Trading System — Strategy by exlux
By exlux
Performance Metrics
- Author: exlux
- Symbol: FX:EURUSD
- Timeframe: 1 minute
- Net P&L: +12.05 USD (+1.21%)
- Win Rate: 66.3%
- Profit Factor: 1.543
- Max Drawdown: 2.33 USD (0.23%)
- Total Trades: 208
- Sharpe Ratio: 0.528
Description
This is a Forex Scalping Trading Sytem based on the Bollinger Bands.Its suited for major pairs, with lowest possible comission (below 1 pip) and with timeframes ranging between 1-15 min. Indicators:Bollinger bandsADXRSI Rules for entry:Long Entry: price to move below the upper Bollinger Bands RSI raise above the 30 line and ADX<32 at the same time.Short Entry: price to move above the upper Bollinger Bands, RSI raise below the 70 line and ADX<32 at the same time.Rules for exitProfit Exit: 3 options: 1, exit position when the price touches the middle band, 2) when the price touches the opposite band, X pips target profit.Loss Exit: X pips loss