Bolinger Band Trading Strategy (Real Scalping)

I  want to share your a best trading starategy that i mostly used.
Not any indicator or strategy is final, so use other indicators and analysis with this.
it is very nice, is if anyone can help me tune it a bit more.

Currency: you can use any currency but GBP/JPY or USD/JPY will be best result oriented.

Time frame: 1M, 5M, 15M

Indicators: 3 sets of bollinger bands:
1) Period 50. Deviation 2 (RED)
2) Period 50. Deviation 3 (orange)
3) Period 50. Deviation 4 (Yellow)

Sell strategy:When price crosses the upper red band , at least half way to the orange band (if it gets to the yellow band is better but not as usual) Then the price will tend to retrace towards the center of the bollinger bands, you profit form this retracing.
Buy Strategy, it is the same as selling, the difference is that we will wait for the price to range between the lower red and yellow bands, and trade the retracing towards the center.

Tips: do not trade on ranging ,or quiet markets, do not trade previous to news releases. Go for 5 to 10 pips. Great system to trade between opening of london session and the closing of the japan session.
Stop Loss: since this strategy requires you to look at the screen (remember this is the 1M time frame) I tend to have two kinds of stops: time based and loss based.
Time based: Try and figure out how long will it take the market to get in your expected direction, if the time that you planned is already due, then close the order. No point on waiting for a loss...

Stop Loss: Since you are trading a very tight time frame your stops should also very very tight. Sometimes, you will profit from a 3 minute trade and you wont be able to set a proper S/L. So your stops will be given to you by your money management system...
What I would like to do is to study wether to add or not some extra indicators. I attach the results from my last week 102% profit, +80% of profitable trades.

Terminal Window of Meta Trader

Terminal Window of Meta Trader

below is the detail of terminal windows of the meta trader 4.

Here we will

help you

how to add indicators on

meta trader 4

urdu forex guide

EURUSD Scalping with Bollinger Bands Strategy

I am personally using this strategy for scalping or u can say for shot trades. Although it is for scalping but your can use if for short trades also. I love the simplicity of the this system, and it seems to work pretty well!

How to do:
1.  open chart of currency
2.  put following indicators


:: RSI 8 (lines on 30 & 70) and Full Stochastics 14,3,3
a.     Bollinger Bands period 50 deviation 2 (yellow)
b.     Bollinger Bands period 50 deviation 3 (blue)
c.     Bollinger Bands period 50 deviation 4 (red)
d.     RSI 8 (horizontal lines on 30 & 70)
e.     Full Stochastics 14,3,3 (horizontal lines on 20 & 80)
 
When and How to Enter Trade
The entry rule stays the same, when price crosses at least half way to the upper blue bollinger band, we sell. Price will retrace to the middle red line (MA50). This is where we take profit! Taking profit a little bit earlier could be wise, because it is not 100% guaranteed that the retracement will move all the way to the MA50. But, ONLY sell when RSI is above 70 and the Full Stochastics (almost) hit the 80 line.