Forex Strategies Resources

379# Contrarian Trading System with HMA and Bollinger Bands

Contrarian Trading System

Submit by Janus Trader 19/07/2012

 

Time Frame 4H

Currency pairs: any

 

Indicators:

HMA (4,5, fast) (30,31, 32, slow); method 3;

Bollinger Bands (20, 2);

fractal.

Long Entry:

After that the price touches or breaks lower band:

Buy when HMA fast crosses up HMA slow.

 

Short Entry

After that the price touches or breaks upper band:

Sell when HMA fast crosses down HMA slow.

 

Stop Loss

25-35 pips depends by currency pairs: example Aud/USD 25 pips, EUR/USD 30 pips, GBP/USD 35 pips;

Profit Target

25-35 pips depends by currency pairs: example Aud/USD 25 pips, EUR/USD 30 pips, GBP/USD 35 pips;

 

Ratio=1:1

for best ratio move Stop loss at entry price after 20 pips in gain.

 



In the pictures Contrarian forex system in action.

Template contrarian with hma and bb
Forex Trading System
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HMA mt4 indicator
HMA.rar
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