Forex Scalping Tactic ‘Bamboni’

Bamboni scalping is a highly interesting strategy for Forex instruments GBP/USD and EUR/USD, proposed by trader Bamboni. The strategy is profitable.

Market: Forex.
Forex Indicators:

• Paramon Scalp;
• Fisher Yur4ik;
• EAsctrend using i_trend;
• Signal Bars 6 (additional Forex indicator – informational – located in the top right corner of the screen);
• Fractals (additional Forex indicator);
• simple moving average SMA (100) – period 100, shift 0, apply to close;
• simple moving average SMA (200) – period 200, shift 0, apply to close;

Timeframes: M15;
Currency pairs: GBP/USD, EUR/USD;
Strategy: intraday;
Protective orders: StopLoss, TakeProfit, TrailingStop.

Entry into the market for selling using the Forex ‘Bamboni Scalping’ strategy

1. Price crosses the 100-period MA – SMA (100). The next bar after the breakout closes below this 100-period MA.
2. On the EAtrend indicator, the red line crosses the green line from bottom to top.
3. If the 100-period moving average is above the 200-period MA, wait for the breakout of the 200-period MA and the closure of the next bar below SMA (200).
4. Exit the trade according to the Fisher Yur4ik indicator when it changes color to the opposite.

Entry into the market for buying using the Forex ‘Bamboni Scalping’ strategy

1. Price breaks through SMA (200) – the 200-period moving average. Wait for the next bar after the breakout of the average to close above this moving average.
2. On the Forex EAtrend indicator – the green line crosses the red line from bottom to top. After these two conditions are met, enter the market for buying.
3. If the 200-period moving average is above the 100-period MA (i.e., the trend is downward), wait for the reverse crossing of the averages and the bar closing above SMA (200).
4. Exit the trade based on signals from the Fisher Yur4ik indicator – close the trade as soon as this indicator changes its color to the opposite (in this case, to red).

Stop-Loss for all trades: for buying and selling – 25 pips. Trailing Stop for all positions 25-35 pips.

Additional rules for the Forex ‘Bamboni Scalping’ strategy

1. Do not enter trades if near the price breakout of the moving average, the MAs converge into a converging triangle.
2. As an additional signal, you can add the Forex Jimb indicator to the chart (when it crosses, it gives an additional signal).
3. If possible, you can take 15-20 pips using the Paramon Scalp indicator: Stop-loss 15 pips. Entry into the market – two horizontal lines appear on the chart from top and bottom, representing the minimum and maximum of the current trading day. Place pending Sell orders at the day’s open minimum and Buy orders at the day’s open maximum. Wait for the breakout. Profit 15-20 pips (as the author claims, it gives good results on history).

Indicators for the trading strategy