Forex Universal Bollinger Bands Trading Strategy
Forex Universal Bollinger Bands Trading Strategy:
Rules for Bolliner Bands Trading Sytem Intraday
Time Frame 15 min
Currency pairs:any
Indicators
MACD(11,27,4);
Bollinger bands (20;2);
Moving Average (MA Smoothed period 2) ;
ENTERING THE TRADE for Bollinger Bands Trading System Intraday :
Long Entry
MA (2) Crosses upward midlle band and MACD histogram is below the line.
Short Entry
MA (2) Crossse downward midlle band and MACD histogram is above the line.
Exit options:
At the pivot levels, 10-15 pips profit target or opposite band;
Place stop loss 12-16 pips depends by currency pairs,
for sell 2 pip above upper band.
This Trading system have and good profitability wit profit target 8-12 pips.
One of the best, create EA to share here.
EA EUR/USD PT 9 Stop loss 13.
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 Universal Bollinger Bands Trading Strategy?
- Download Forex Universal 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 Universal 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”.
