High accuracy “Forex BBand Stop Alert Trading Strategy with RSI TC NEW Filter” – This is a new version of a well known Bollinger Bands Stop trading system.
This awesome forex trading strategy is a well-tested trading strategy that works well for both advanced and beginner traders in the currency market.
- Time Frame: M5 or higher
- Currency Pairs: Any
- BBand Stop Alert
- GG TrendBar
- P4L CandleTime
- RSI-TC NEW
BBands Stop and RSI TC NEW. Is it profitable, is it worth trying? I guess the success of a strategy depends on the trader who uses it so I’ll try to explain it as clear as I can and let you decide afterward.
BBands Stop which is a pretty well-known custom indicator derived from the classic Bollinger Bands but in this strategy, it will be used primarily as a trend identifier.
- If the blue lines are printed below the price, it means an uptrend is in place and if the red lines are printed above price, a downtrend is established.
- We will only take trades in the direction of the trend so BUY in an uptrend and SELL in a downtrend.
- Download TraderVersity.Com-BBandStopAlertSystem (Zip File)
- Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators /
- Copy the “TraderVersity.Com-BBandStopAlertSystem.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 system
- Right-click on your trading chart and hover on “Template”
- Move right to select TraderVersity.Com-BBandStopAlertSystem
- You will see “BBand Stop Alert MT4 Trading System with RSI TC NEW Filter” is available on your Chart
- BBand Stop Alert: Blue line
- T3 08 2Color: Blue line
- RSI-TC NEW: Blue line
- BBand Stop Alert: Red line
- T3 08 2Color: Red line
- RSI-TC NEW: Red line
This “BBand Stop Alert MT4 Trading Strategy with RSI TC NEW Filter” is very good, and the BBands Stop is one of the best indicators for trend recognition.