Forex EMA Bollinger Band Stops Trend Following System

MA Bollinger Band Stops Trend Following System – This trading system can be used to measure the “highness” or “lowness” of the price relative to previous trades.

Bollinger bands Stop period and deviation can be changed in settings. The “MoneyRisk” setting is a parameter to widen the spread between the bands and the current price.

• Time Frame: M30 or higher
• Currency Pairs: GBPUSD, EURUSD, USDJPY, GBPJPY, and USDCAD

 

• BBands Stop
• Moving Average
• FX Fish Mod2
• MACD OsMA
• Stochastic Filter MTF
• Relative Strength Index
• ZZ Window

 

• Download “TraderVersity.Com-EMABollingerBandStops” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “TraderVersity.Com-EMABollingerBandStops.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-EMABollingerBandStops” trading  system and strategy
• You will see “EMA Bollinger Band Stops System” is available on your Chart

 

• BBands Stop Line: Blue color
• Moving Average: 5 EMA > 20 EMA > 50 EMA
• FX Fish Mod2: Blue Histogram
• Stochastic Filter MTF: Blue bars
• Relative Strength Index:  Upward and above level 60
• ZZ Window: Blue color

 

• BBands Stop Line: Red color
• Moving Average: 5 EMA < 20 EMA < 50 EMA
• FX Fish Mod2: Red Histogram
• Stochastic Filter MTF: Red bars
• Relative Strength Index:  Downward and below level 40
• ZZ Window: Rede color

 

• Bollinger bands period and deviation can be changed in settings. The “MoneyRisk” setting is a parameter to widen the spread between the bands and the current price.
• Initial stop loss above or below the Bollinger Bands Stop indicator
• Use a demo account or a small live account first to practice this trading system

DOWNLOAD TRADING SYSTEM