Forex Strategies Resources

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.


Profit Target on middle band or opposite band,

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


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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