OPEN-SOURCE SCRIPT
mForex - Bollinger Bands - Pinbar scalping system
Transaction setup parameters
Trading strategies
=== BUY ===
=== SELL ===
* If you have any questions or suggestions for this strategy, feel free to ask us.
- Time frame: M5, M15
- Currency pair: Any except XAU/USD
Trading strategies
=== BUY ===
- Price break out of the lower Bollinger Bands
- The Pinbar reversal candlestick appears and closes the candle on the lower Bollinger Bands
- Stop loss: Nearest bottom + 3-5 pips
- Profit target: 10-20 pips
=== SELL ===
- Price break out of the upper Bollinger Bands
- The Pinbar reversal candle appeared and closed below the upper
- Stop loss: Nearest peak + 3-5 pips
- Profit target: 10-20 pips
* If you have any questions or suggestions for this strategy, feel free to ask us.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.