Forex Breakout Bollinger Bands Trading Strategy
Forex Breakout Bollinger Bands Trading Strategy:
Time Frame:15 or higher.
Pairs:all
Bollinger Bands (1, 15);
Bollinger Bands (3, 18)
RSI (14) with Bollinger Bands (20, 2).
Long Entry:
The price breaks upper band of BB (1,15) confirmed by RSI and EMAS cross above the middle of the bollinger (2, 20), with RSI (14)>EMAS Cross.
Time Frame:15 or higher.
Pairs:all
Indicators:
Bollinger Bands (1, 15);
Bollinger Bands (3, 18)
RSI (14) with Bollinger Bands (20, 2).
Long Entry:
The price breaks upper band of BB (1,15) confirmed by RSI and EMAS cross above the middle of the bollinger (2, 20), with RSI (14)>EMAS Cross.
Short Entry:
The price breaks lower band of BB (1,15) confirmed by RSI and EMAS cross below the middle of the bollinger (2, 20), ith RSI<EMAS Cross.
Exit Position
1)Stops are placed 10 pips above or below the middle bands of the BB (1,15);
2) Trailing Stop;
3) Profit Target dependes time Frame and Pair (recommended);
4) When the price touches the upper and lower band of BB (3. 18).
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 Breakout Bollinger Bands Trading Strategy?
- Download Forex Breakout Bollinger Bands Trading 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 Breakout Bollinger Bands Trading 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”.
