254# Forex Money Arrow
Bollinger Bands Stop Trading
BB Stop filtered by Momentum and Support/Resistance
Submit by DimitriFX
Forex Money Arrow is a trend following strategy based on Bollinger Band Stop filtered by indicator of momentum and support and resitance zones, This is a strategy very accurate for low time frame and is suoitable for scalping and binary options. The main featur of this trading system 's that the direction of market is determined by an combination of S/R and indicators that agree in the same direction.
Binary options expiry time 3- 5 candles 5 min – 1 min TF expiry time 5 - 7-10 candles depends by the distance of the support or resistance.
Time 9:00 AM – 20:00 PM GMT Berlin ( Dax Session).
Time Frame 1 min or 5 min.
Currency pairs majors and indices.
Metatrader Indicators
Bollinger Bands Stop (20, 2).
Support and resistance idicators
Heiken Ashi smoothed 15 period.
Osma default.
MACD (6, 14).
BMA Power (20, 12, 26) smooth 5, deviation 1.0,
BMA trend (12, 26, 10, deviation 2.5).
Trading rules Forex Money Arrow
6 conditions to be agree also with support or resistance.
Buy or Call
Price above support.
Bollinger band stop direction up.
Heiken ashi smoothed below the candle.
BMA Power aqua dot.
BMA Trend aqua dot.
MACD aqua bar.
OSMA aqua bar
Exit at the level of the resistance or with predetermined profit target.
Initial stop loss below previous swing low.
Sell or Put
Price below resistance.
Bollinger band stop direction down.
Heiken ashi smoothed above the candle.
BMA Power red dot.
BMA Trend red dot.
MACD red bar.
OSMA red bar
Exit at the level of the support or with predetermined profit target.
Initial stop loss above previous swing high.
In the pictures Forex Money arrow in action.
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