10# Bollinger Bands Breakout Trading System

Submit by joy 22 04/04/2011

Time Frame:15 or higher.

Pairs:all

Indicators:

Bollinger Bands (1, 15);

Bollinger Bands (3, 18)

RSI (14) with Bollinger Bands (20, 2).

Long Entry:

The price breaks upper band of BB (1,15) confirmed by RSI and EMAS cross above the middle of the bollinger (2, 20), with RSI (14)>EMAS Cross.

Short Entry:

The price breaks lower band of BB (1,15) confirmed by RSI and EMAS cross below the middle of the bollinger (2, 20), ith RSI<EMAS Cross.

Exit Position

1)Stops are placed 10 pips above or below the middle bands of the BB (1,15);

2) Trailing Stop;

3) Profit Target dependes time Frame and Pair (recommended);

4) When the price touches the upper and lower band of BB (3. 18).

In the picture below Bollinger Bands Breakout Trading System in action.

Comments: 1

#1
Chong Chun Shiong (Sunday, 31 May 2020 15:14)

Hi
I want to ask how to install this RAR file in MT4 ? usually is ex4 file.

Trading System

templete mt4 bb breakout.rar

compressed file archive 2.1 KB