Forex TDI BB Trigger Scalping Strategy
Forex TDI BB Trigger Scalping Strategy;
TDI with BB Trigger is an good template for intraday trading based on three indicators: Bollinger Bands, Trader Dynamic Index and BB Trigger. TDI with BB Trigger is a trend reversal strategy based on the overbought/oversold of the price with th Bollinger Bands. The TDI and the BB Trigger determines the timing for entry in the market.
Time frame 5 min or 15 min (best).
Currency pairs: majors, Indices and majors stocks.
Metatrader 4 indicators setting
Tro trend visual tool.
Bollinger Bands (20 periods and 2.0 deviations).
Traders Dynamic Index visual alerts MTF (default setting).
BB Trigger (2, 10, 5, 3).
Trading rules TDI with BB Trigger
Buy
When the price bounce or broken the lower Bollinger Bands wait that on the TDI indicator green line crosses upward the blue line and the BB trigger is long position.
Place initial stop loss on previous low swing or 10-15 pips.
Make profit at the options: middle band, opposite band or at the pivot points levels.
Sell
When the price bounce or broken the upper Bollinger Bands wait that on the TDI indicator green line crosses downward the blue line and th BB trigger is short position.
Place initial stop loss on previous high swing or 10-15 pips.
Make profit at the options: middle band, opposite band or at the pivot points levels.
Tip: recommend using this strategy according to the main trend, profitability is very high.
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 TDI BB Trigger Scalping Strategy?
- Download Forex TDI BB Trigger Scalping 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 TDI BB Trigger Scalping 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”.
