Forex Bollinger Bands Stop Trading System
Forex Bollinger Bands Stop Trading System:
Time Frame 15min or higher. Best Time Frame 4H.
Currency pairs: any.
Rules
Trade only in Trend.
Indicators:
5EMA
10EMA
50EMA
85EMA
Bbands stops with RSI Divergence ,(7) and Stochastic (8,3,5).
Long Entry
Arrow Buy of the EMA Crossover Signal is confirmed when:
- 5EMA>10EMA>50EMA>85EMA;
- Stochastic Cross up;
- Bbands Stob Blue.
Short Entry
Arrow Sell of the EMA Crossover Signal is confirmed when:
- 5EMA>10EMA>50>85;
- Stochastic Cross up;
- Bbands Stob Blue.
Exit positiom
when it appears opposite the arrow or 40-50 pips profit.
Stop loss on the previous swing
In the pictures Bollinger Bands Stop forex system in action.
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 Bollinger Bands Stop Trading System?
- Download Forex Bollinger Bands Stop Trading System.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 Bollinger Bands Stop Trading System?
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”.
