Forex Strategies Resources

515# Zig Zag and Bollinger Bands Trading System

Zig Zag rnp and Bollinger Bands price action trading system

 

Submit ba FreddyFx 16/11/2013

 

Zig Zag and Bollinger Bands trading system is a price action forex strategy based on Zig Zag rnp indicator, ArrzzX2 indicator with Bollinger bands.

 

Currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/CHF, EUR/JPY, GBP/JPY, AUD/JPY, NZ/USD, USD/JPY, XAU/USD, XAG/USD, Oil.

 

Time frame H1 and H4.

 

Forex Indicators:

Zig Zag rnp lenght 25 (yellow),

Zig Zag rnp lenght 50 (Magenta),

Bollinger bands ( 15, 2), withe color,

Bollinger bands ( 15, 3), royal blue,

ArZZX2 indicator (default setting),

Stochastic V.3 MTF.

 

 

Rules for Zig Zag and Bollinger Bands Trading System

 

Buy conditions:

1) on the chart Zig Zag rnp 25 or Zig Zag rnp 50 breaks bollinger bands lower withe or royal blue;

2) appears blue support of the ArrZZx2 indicator ;

3) Buy if stochastic V.3 MTF has crossed upward.

 

Sell conditions:

 

1) on the chart Zig Zag rnp 25 or Zig Zag rnp 50 breaks bollinger bands upper withe or royal blue;

2) appears red resistance of the ArrZZx2 indicator ;

3) sell if stochastic V.3 MTF has crossed downward.

 

 

Profit Target 60 min time frame 15-20 pips; stop loss 20 pips.

Profit Target 240 min Time frame 25-30 pips; stop loss 30 pips.

 

Happy trading and good pips

Freddyfx

Zig Zag and Bollinger Bands Trading System (Template and indicators)
Zig Zag and Bollinger Bands Trading System.
Zig Zag rnp and Bollinger Bands orice action trading system (Template and indicators).
Zig Zag and Bollinger bands trading syst
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