Bamboni Scalping Strategy for Forex: GBP/USD and EUR/USD

The Bamboni scalping strategy is a short-term forex trading approach designed for currency pairs like GBP/USD and EUR/USD on the 15-minute timeframe. This intraday strategy uses moving averages and trend indicators to identify entry and exit points with defined risk management rules.

Strategy Overview

Market: Forex

Currency Pairs: GBP/USD, EUR/USD

Timeframe: M15 (15 minutes)

Strategy Type: Intraday scalping

Risk Management: Stop Loss, Take Profit, Trailing Stop

Required Indicators

• Paramon Scalp
• Fisher Yur4ik
• EAtrend using i_trend
• Signal Bars 6 (informational indicator)
• Fractals
• Simple Moving Average SMA (100) – period 100, shift 0, applied to close
• Simple Moving Average SMA (200) – period 200, shift 0, applied to close

Sell Entry Rules

1. Price crosses below the 100-period SMA. The next bar after the break must close below the 100-period MA.
2. On the EAtrend indicator, the red line crosses above the green line.
3. If the 100-period SMA is above the 200-period SMA, wait for price to break below the 200-period SMA and the next bar to close below SMA (200).
4. Exit the trade when the Fisher Yur4ik indicator changes color to the opposite (red).

Buy Entry Rules

1. Price breaks above the 200-period SMA. The next bar after the break must close above the 200-period MA.
2. On the EAtrend indicator, the green line crosses above the red line. After both conditions are met, enter a buy trade.
3. If the 200-period SMA is above the 100-period SMA (downtrend), wait for the moving averages to cross back and the bar to close above SMA (200).
4. Exit the trade when the Fisher Yur4ik indicator changes color to the opposite (red in this case).

Stop Loss and Trailing Stop

Stop Loss: 25 pips for all trades (both buy and sell)

Trailing Stop: 25–35 pips for all positions

Additional Strategy Rules

• Do not enter trades if the moving averages are converging into a triangle pattern near the price break of the MA.
• As an additional signal, you can add the Jimb indicator to the chart for extra confirmation when it crosses.
• Optional quick scalp using Paramon Scalp: Take 15–20 pips with a 15-point stop loss. The indicator displays two horizontal lines (daily high and low). Place pending sell orders at the daily low and buy orders at the daily high. Exit after a 15–20 pip profit.

FAQ

What timeframe does the Bamboni scalping strategy use?

The strategy is designed for the 15-minute (M15) timeframe on forex pairs like GBP/USD and EUR/USD.

What is the stop loss size in the Bamboni strategy?

The stop loss is set at 25 pips for all trades, whether buying or selling. A trailing stop of 25–35 pips is also used to protect profits.

How do you exit trades in the Bamboni strategy?

Trades are exited when the Fisher Yur4ik indicator changes color to the opposite of the entry signal, indicating a potential trend reversal.