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 author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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