Forex Squeeze Reversal Bollinger Bands Trading Strategy
Forex Squeeze Reversal Bollinger Bands Trading Strategy:
Bollinger Band Squeeze reversal system it’is based on the three bollinger bands.
Time Frame 30 min or higher.
Markets: forex, futures, Indicies, Stocks.
3 bands indicator: setting
Bollinger Bands (120, 1) ;
Bollinger Bands (120, 2) ;
Bollinger Bands (120, 3) ;
Bollinger Band Squeeze;
Exponential Moving Average (4) (setting H1);
Exponential Moving Average (8) (setting H1).
Rules for Bollinger Bands Squeeze Reversal System
Check the price position.
If the price is on the one of the three Bollinger Bands on the lower or upper band check if the price rebound. If rebound entry position when EMA (4) crosses EMA (8).
The best entry is if the price bounces twice on the bands.
Do not enter if the price bounces off the first band (upper or lower).
Buy
Bollinger Band Squeeze flat
Price rebound on the one of the three lower bands
Entry position when 4 EMA crosses upward 8 EMA.
Sell
Bollinger Bands Squeeze flat
Price rebound on the one of the three upper bands
Entry position when 4 EMA crosses downward 8 EMA.
Exit position
Make profit at one of the middle bands or ratio 1.2 stopo loss.
Initial stop loss 15 pips below or above entry position.
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 Squeeze Reversal Bollinger Bands Trading Strategy?
- Download Forex Squeeze Reversal 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 Squeeze Reversal 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”.
