Forex Trend Bollinger Bands Trading Strategy

Forex Trend Bollinger Bands Trading Strategy

Forex Trend Bollinger Bands Trading Strategy:

Forex Trend Bollinger Bands Trading Strategy

Time Frame 15 min or higher.

Markets: Forex, Stocks, Futures, CFD, Gold, Silver and Oil.

Forex Indicators:

100 EMA channel:

100 Exponential moving average low (EMA);

100 Exponential moving average High (EMA);

Bollinger Band:

 Set the bands to a standard deviation of 2.3. this it captures many of all price activity and moving average 10 periods.

Rules for Bollinger Band Trading in Trend Trading System

Trades only in direction of the trend if the price is above the channel only buy, if the price is below the channel only sell.

Buy

Trend up.

Wait the price is touches or breaks the lower band but above the red line (100 exponential moving average low);

Buy when the price retraces into the band or at the opening of the next bar.

Exit when the price breaks or touches the upper band or with fast profit target ratio

2:1 stop loss (recommended).

Place initial stop loss at the previous low swing.

Sell

Trend down.

Wait the price is the touches or breaks upper band but below deep sky the line (100 exponential moving average high);

Sell when the price retraces into the band or at the opening of the next bar.

Exit when the price breaks or touches the lower band or with fast profit target ratio

2:1 stop loss (recommended).

Place initial stop loss at the previous high swing.

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 Trend Bollinger Bands Trading Strategy?

  • Download Forex Trend 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 Trend 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”.

Download Free Forex Trend Bollinger Bands Trading Strategy

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