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Forex Strategy “Scalping on BAMBONI”

This strategy is best applied to such currency pairs as EURUSD and GBPUSD. The following indicators are utilized for this strategy: Fisher Yur4ik, Paramon Scalp, Signal bars 6, Fractals, EAtrend, SMA of 100 and SMA of 200.

Make a selling transaction if

  1. The price passes the MA of 100.
  2. Red line of EAtrend passed the green line downwards.
  3. The MA of 100 is higher than the MA of 200.
  4. When the Fisher Yur4ik varies its color to the opposite (green), exit the transaction.

Make a purchasing transaction if

  1. SMA of 200 is broken by the price.
  2. The green line of the EAtrend passes the red line downwards.
  3. The MA of 200 is higher than the MA of 100.
  4. When the Fisher Yur4ik varies its color to the opposite (red), close the transaction.

If the sale and purchase has 25 pips, apply the stop-loss for all the deals. There should be the trailing stop for all the positions if there are 25-30 points. 

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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