143#MultiTimeFrame Trading System with SMA and Bollinger Bands

Mulitimeframe SMA Trading System

 

Submit by Maximo Trader 08/07/2013

 

Markets: Forex

 

This Trading System uses three time frame:15 min), 2) H1, 3) 240 min .

Forex Indicators: 3 SMA , 11 SMA, 34 SMA,

Bollinger Bands (20, 2).

 

Rules: MultiTimeFrame Trading system with SMA and Bollinger Bands

 

Long Entry

Enter on 15 minutes chart.

On 15 minutes chart, for uptrend:

if 3 SMA > 11 SMA >34 SMA

 

go and check H1 chart:

if 3 SMA > 11 SMA >34 SMA

.

go and check if 240 minutes chart meet same conditions as for H1 chart this is the setup for long entry.

Go on 15minutes Chart and go long when the price retrace on the 11 SMA

Short Entry

Enter on 15 minutes chart.

On 15 minutes chart, for uptrend:

if 3 SMA < 11 SMA <34 SMA

 

go and check H1 chart:

if 3 SMA < 11 SMA <34 SMA

.

go and check if 240 minutes chart meet same conditions as for H1 chart this is the setup for short entry.

Go on 15minutes Chart and go short when the price retrace on the 11 SMA .

 

Exit position:

Profit Target 20-30 pips or ratio 1,3 stop loss, (if stop loss is 21 pips profit is 28 pips.)

Place Stop Loss levels on 15 min chart.

for long 3 pips below the Lower band,

for short 3 pips above the upper band.

 

In the pictures below  MultiTimeFrame Trading system with SMA and Bollinger Bands in action.

MultiTimeFrame Trading system with SMA and Bollinger Bands

MultiTimeFrame Trading system with SMA and Bollinger Bands
MultiTimeFrame Trading system with SMA and Bollinger Bands:Template.
This Trading System uses three time frame:15 min), 2) H1, 3) 240 min .
multitimeframe trading system with sma a
compressed file archive 601 Bytes

 

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