Forex & Stock Trading – “NON REPAINT” BB Stops (New Format SCALPING System)

Easy & High Accuracy “NON-REPAINT BBand Stops (new format) 1.3“.  The best price action signals to combine with the BB Stops Indicator

There are numerous price action patterns offered by trading course instructors out there. However, in my experience, there are only a few highly effective candlestick patterns that you need to understand and master. These patterns are widely recognized and utilized by traders worldwide.

Some of the most popular patterns include double top and double bottom, Triangle, marubozu, pin bar, engulfing, and doji.

Although in this strategy, I only use a few selected price action patterns, you are free to use any price action pattern signals that you have a good command of.

Alright, let’s continue our discussion and move on to implementing this trading strategy in real-life market scenarios.”

The double top and double bottom are price action patterns commonly seen in charts.

• The double top pattern occurs when the price hits a certain level, pulls back, and then returns to that level again, forming two peaks around the same price zone. This pattern suggests a potential reversal from an uptrend to a downtrend.
• The double bottom pattern occurs when the price reaches a specific level, bounces back, and then returns to that level again, forming two troughs around the same price zone. This pattern suggests a potential reversal from a downtrend to an uptrend.

On this chart, you can see that at the beginning, the BB Stops indicator line is green and sloping upward, indicating a bullish market.

Then, the green BB Stops line starts to flatten, and the price forms a double top price action pattern. This is a clear sign that the previously bullish market is starting to consider and plan a change in direction to become bearish by forming the double top pattern.

In this case, the double top price action pattern we’re witnessing is like an important code from market participants worldwide, signaling that the market will soon change direction to bearish.

Then, the green BB Stops line turns red after a Bearish Marubozu candle forms. As I explained before about the BB Stops indicator, when BB Stops turns red, it’s a sign that the market is bearish, validating the double top price action pattern we’re observing. With the formation of the Bearish Marubozu pattern, now is the best time to enter the market by opening a SELL position on the next candle.

In this case, the best place to set a stop loss is a few pips above the BB Stops line. The minimum target is three times your trading risk.

And the result is that the market starts its bearish trend quickly.

Here are several locations where a double top and double bottom might occur, and they offer a great opportunity for traders to make substantial profits.

However, it’s important to note that these formations can also be found in other areas. The key to success is to diligently follow the rules we discussed earlier and maintain discipline in your trading approach.

The triangle price action pattern is a technical analysis pattern that occurs when the price of an asset consolidates, forming a triangular shape on the chart. It is characterized by a series of higher lows and lower highs, creating converging trend lines. This pattern typically indicates a period of indecision in the market, with buyers and sellers battling for control.

There are three main types of triangle patterns: ascending, descending, and symmetrical.

• Ascending Triangle:
  This pattern forms when the upper trendline is flat, while the lower trendline is ascending. It suggests that buying pressure is gradually increasing, and a breakout to the upside is more likely.
• Descending Triangle:
  In contrast to the ascending triangle, the descending triangle has a flat lower trendline and a descending upper trendline. It indicates that selling pressure is gradually increasing, and a breakdown to the downside is more probable.
• Symmetrical Triangle:
  This pattern occurs when both the upper and lower trendlines converge, creating a symmetrical shape. It suggests a period of consolidation and indecision, with a potential breakout in either direction.

As we can see on this chart, when the BB Stops line slopes downward, we also identify a formation where lower candles tend to indicate an uptrend. Based on this price movement, the market forms a Symmetrical Triangle pattern, which signals to market participants that if a breakout occurs on either side of this pattern, the market will move further.

Shortly after, the green BB Stops line is formed, indicating a price breakthrough of the upper triangle, represented by the red line of the BB Stops indicator in this case.

Therefore, once the green line is formed, we can open a BUY position after a bullish doji formation. We can place the stop loss below the nearest swing low with a profit target of three times our trading risk.

Then, as the price moves up, it gives us a very satisfying profit before forming a second triangle formation that invites us to enter the market by opening a BUY position. After placing the stop loss below the nearest swing low, the market enthusiastically provides us with a tremendous profit.

As we observed in the examples we discussed earlier, we can conclude that the BB Stops indicator greatly simplifies the analysis of ongoing price action in the market.

It’s undeniable that the BB Stops indicator is highly reliable and consistent in generating signals, making it a valuable tool for both professional and novice traders. It offers accuracy and signal consistency, along with the convenience of reading market trends.

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Forex Momentum TrendSignal System with “BBand Stop Support Resistance BreakOut” filter. Making money through Forex trading is not as hard and complicated as what novice traders think.

The Momentum indicator is classified as an “oscillator” since the resulting curve fluctuates between values about a “100” centerline, which may or may not, is drawn on the indicator chart.

100 Level Cross – When the price crosses above or below the 100 level (or zero line if the indicator is based on the first calculation) it can represent a BUY or SELL signal respectively.

• If the price crosses above the 100 level, it indicates the price is starting to move higher since the price has moved above the price “n” periods ago.
• When the price drop below the 100 level, it shows the price is dropping since it has moved below the price “n” periods ago.

On the small periods and during unstable volatility its signals, in general, cannot be trusted as its line is redrawn and the previous signals are canceled.

This pulse indicator is the excellent sensor of the market force, but it is necessary to use it carefully.

In spite of the fact that there is only one parameter, it is recommended to select it carefully for the current volatility of an asset and it is obligatory to test it on historical quotations in Momentum Forex trading.

• Time Frame: M30 or higher
• Currency Pairs: Any

• MinSignal
• BB Stops
• Momentum
• Trend Signal

• Download “TraderVersity,Com-MomentumTrendSignalSystem” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “TraderVersity,Com-MomentumTrendSignalSystem.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-MomentumTrendSignalSystem” trading  system and strategy
• You will see “Easy & High Accuracy Forex Momentum TrendSignal System” is available on your Chart

 

• Momentum: Upward and Above level 100.1
• BB Stops: Lime line
• Trend Signal: “Blue Dot” signal

 

• Momentum: Upward and Above level 100.1
• BB Stops: Lime line
• Trend Signal: “Blue Dot” signal

 

We can use the Momentum and TrendSignal indicator in conjunction with price action signals (ex. Pin Bar and Engulfing ).
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