Forex BB SMA Trend Following Strategy
Forex BB SMA Trend Following Strategy:
This Trading System uses three time frame:15 min), 2) H1, 3) 240 min .
Forex Indicators: 3 SMA , 11 SMA, 34 SMA,
Bollinger Bands (20, 2).
Rules: MultiTimeFrame Trading system with SMA and Bollinger Bands
Long Entry
Enter on 15 minutes chart.
On 15 minutes chart, for uptrend:
if 3 SMA > 11 SMA >34 SMA
go and check H1 chart:
if 3 SMA > 11 SMA >34 SMA
go and check if 240 minutes chart meet same conditions as for H1 chart this is the setup for long entry.
Go on 15minutes Chart and go long when the price retrace on the 11 SMA
Short Entry
Enter on 15 minutes chart.
On 15 minutes chart, for uptrend:
if 3 SMA < 11 SMA <34 SMA
go and check H1 chart:
if 3 SMA < 11 SMA <34 SMA
go and check if 240 minutes chart meet same conditions as for H1 chart this is the setup for short entry.
Go on 15minutes Chart and go short when the price retrace on the 11 SMA .
Exit position:
Profit Target 20-30 pips or ratio 1,3 stop loss, (if stop loss is 21 pips profit is 28 pips.)
Place Stop Loss levels on 15 min chart.
for long 3 pips below the Lower band,
for short 3 pips above the upper band.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex BB SMA Trend Following Strategy?
- Download Forex BB SMA Trend Following Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex BB SMA Trend Following Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
