High Accuracy Price Action Trading Strategy “3 Level ZZ Semafor Bollinger Bands (18) with Momentum System“. The numbers 1, 2, and 3 of “3 Level ZZ Semafor indicator” signals the BUY/SELL/EXIT actions (acts on the signal when all other indicators agree).
Trading NOTES
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- Use a demo account or a small live account first to practice this trading system
- Time Frame: 1H, 4H or Daily
- Financial Markets: Forex, Indices, Futures, and Commodity
MetaTrader Trading Indicators
- Bollinger Bands
- Moving Average
- 3 Level ZZ Semafor
- Commodity Channel Index
- Color RSI Histo ZeroLine
General Trading Rules
- Rules for 3 Level ZZ Semafor System
- 3 Level ZZ Semafor = the numbers 1, 2 and 3 signals the buy/sell/exit actions. acts on the signal when all other indicators agree.
- Entry is made when Color RSI and CCI to agree before the entry
BUY Rules
- Color RSI BUY signal when green Bar above 10 level
- CCI line above 30 level
- Price closed above the upper band
SELL Rules
- Color CCI SELLl signal when red bar below -10 level
- CCI line above 30 level
- Price closed below the lower band
Trading NOTES
- Initial Stop Loss 8-12 pips above/below the candle with the 3 Level ZZ Semafor
- Risk Reward Ratio 1:2 or 1:3
What are the exit points of this strategy?