Forex strategy Price Reversal Band Scalping – trend tracking system

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Forex strategy Price Reversal Band Scalping - trend tracking system

Hello gentlemen traders! Price Reversal Band Scalping is a short term Forex trending strategy . It combines four trend identification tools to filter out reliable signals. In addition to market trends, this strategy also helps traders determine the trade entry point, stop loss and profit taking targets. The Price Reversal Band Scalping strategy works on all Forex currency pairs . However, as a scalping trading system, it is best suited for shorter time frames from M1 to M30.

See also our rating of Forex brokers .

Price Reversal Band Scalping Strategy Features

Trading platform – MetaTrader 4
Strategy type – scalping
Trading time – around the clock
Timeframe – from M1 to M30
Currency pairs – any
Recommended brokers:RoboForexForex4youAMarkets

Price Reversal Band Scalping Strategy Description

The following indicators are used in the Price Reversal Band Scalping Forex strategy:

  • FPS Price Reversal Bands. It works almost likeBollinger Bands… Its upper band is dynamic resistance and its lower band acts as dynamic support. A price above the middle band means that the trend is bullish, and if it moves below the band, then the trend is bearish.
  • RSI Extremus. This indicator tells you the moment of the current market momentum. It uses its arrow signal to indicate the direction of the pulses.
  • Volatility Quality. Highvolatilitydoes not necessarily mean the strength of the market trend. This indicator helps to understand the level of market volatility. It does not display direct buy / sell signals, but increases the chances of your trading decisions.
  • Fib Trend. It is a trend filtering tool. Its bars turn blue when its value turns positive, reflecting a bullish market trend. To confirm a bearish trend, the Fib Trend must be negative with red bars below zero.

Download the Price Reversal Band Scalping strategy at the end of the article and install it on the MT4 platform . After a successful installation, your graph will look like this:

Purchase conditions for the Price Reversal Band Scalping strategy

  1. The price bounces up from the lower border of the FPS Price Reversal Bands;
  2. RSI Extremus generates a signal in the form of a blue arrow under the candle, pointing up;
  3. Volatility Quality is growing;
  4. Fib Trend is positive;
  5. If all the conditions are met, open a buy deal;
  6. Set your stop loss below the lower FPS Price Reversal Bands;
  7. Exit the trade when the price reaches the upper FPS Price Reversal Bands and a red arrow of the RSI Extremus indicator appears.

Terms of Sale for Price Reversal Band Scalping Strategy

  1. The price bounces down from the upper border of the FPS Price Reversal Bands;
  2. RSI Extremus issues a signal in the form of a red arrow above the candle, pointing down;
  3. Volatility Quality drops;
  4. Fib Trend is negative;
  5. If all conditions are met, open a sell deal;
  6. Set your stop loss above the upper border of the FPS Price Reversal Bands;
  7. Exit the trade when the price reaches the lower FPS Price Reversal Bands and a blue arrow of the RSI Extremus indicator appears.

See also which scalping brokers offer the most favorable trading conditions.

conclusions

Forex strategy Price Reversal Band Scalping is a scalping trend strategy with trading on timeframes from M1 to M30. It provides reliable trading signals in the direction of the short-term trend.

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