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109# Contrarian Trading System

 

Submit by joy22

 

Time Frame H1 or higher

Pairs: GBP/USD, EUR/JPY, GBP/JP, AUD/JPY, GPB/CHF, USD/CAD

 

Indicators:

Stochastic over BS

Squidster

Bolliger Bands (20, 3)

Long Entry

StochsOverBS - red or pale red.
A red arrow

 

Short Entry

StochsOverBS - green or pale green.
A red arrow.

 

Exit Position:

Stop Loss for buy 5 pips below lower band;

Stop Loss for Sell 5 pips above upper band.

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Profit Target on middle band or opposite band,

or entry with Two order first target on middle band, second target on opposite band.

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In the pictures Contrarian forex system in action.

Forex Contrarian Trading System: Template and indicators MT4

Forex Trading System
Contrarian.rar
compressed file archive 53.4 KB

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