2# Cross Middle band Trading System

Submit by Forexstrategiesresources

 

Chart Setup

Preferred Currency Pairs: EUR/USD, GBP/USD ,GBP/JPY EUR/JPY, USD/CAD, AUD/USD
Preferred 
Trading SessionsLondon and New York
Timeframe: 
5 Min or 15 Min


I
ndicators:

Bollinger Bands (default settings).

A. Rules For Long Trades

  1. Bollinger Bands must slope up.
    2) Go long when the price touches the middle BB band from above.

    3)MACD (15, 26, 1) > O
    3) Set stop loss at the lower band or max 15 pips (whatever comes first).
    4) Take profit at the upper band.

B. Rules For Short Trades

1)Bollinger Bands must slope down.
2) Go short when the price touches the middle BB band from below.


3) MACD (15, 26, 1) <0
3) Set stop loss at the upper band or max 15 pips (whatever comes first).
4) Take profit at the lower band.


 

In the pictures belowCross Middle band Trading System in action.

 

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Comments: 2
  • #1

    Bappaditya Das (Friday, 27 June 2014 08:50)

    very good scalping system, 15 min is work great for me, thank you

  • #2

    ปท (Monday, 08 February 2016 07:45)

    good

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