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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

 

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

 

BUY Rules

Trading NOTES

DOWNLOAD INDICATOR


  • 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

 

SELL Rules

  • 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

 

Trading NOTES
  • 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


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