HA BBands Stop – Awesome and High Accuracy Forex Trading System. The Heiken-Ashi technique is used by technical traders to identify a given trend more easily. The BBands Stop indicator (Bollinger Bands Stop line) is a trend indicator. When the price is over the green curve, the trend is bullish or bearish if the price is below its orange line.
Trading NOTES
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- Use a demo account or a small live account first to practice this trading system
- Time Frame:
- M5, M15, M30, and H1 for scalping and intraday trading
- H1 or higher for swing trading
- Currency Pairs:
- M5, M15, M30, and H1: GBPUSD and EURUSD
- H1 or higher: GBPUSD, EURUSD, USDJPY, GBPJPY, USDCAD, and AUDUSD
MetaTrader Trading Indicators
- Heiken Ashi Smoothed
- BBands Stop
- 4 TF HAS BAR
- Commodity Channel Index
How to install “BBAnd Stops Heiken Ashi Trading System“
- Download “TraderVersity.Com-HeikenAshiSystem” (Zip/RAR File).
- Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
- Copy the “TraderVersity.Com-HeikenAshiSystem.tpl” file (template) to your Metatrader Directory …/templates /
- Start or restart your Meta Trader Client.
- Select Chart and Time frame where you want to test your Forex system.
- Right-click on your trading chart and hover on “Template”.
- Move right to select “TraderVersity.Com-HeikenAshiSystem” trading system and strategy
- You will see “BBand Stops Heiken Ashi Trading System” is available on your Chart
BUY Rules
- Heiken Ashi Smoothed: blue candle
- BBands Stop: blue line
- 4 TF HAS BAR: blue
- Commodity Channel Index: above 50 level
SELL Rules
- Heiken Ashi Smoothed: red candle
- BBands Stop: red line
- 4 TF HAS BAR: red
- Commodity Channel Index: below -50 level
Trading NOTES
- Initial stop loss above the previous red Heiken Ashi Smoothed candle or below the previous blue Heiken Ashi Candle
- The best Risk Reward Ratio 1:2 or 1:3