22# Bollinger Bands, MACD and MA
Bollinger Bands Trading System Intraday
Submit by Janus Trader 27/04/2012
Rules for Bolliner Bands Trading Sytem Intraday
Time Frame 15 min
Currency pairs:any
Moving Average (MA Smoothed period 2) ;
ENTERING THE TRADE for Bollinger Bands Trading System Intraday :
Long Entry
MA (2) Crosses upward midlle band and MACD histogram is below the line.
Short Entry
MA (2) Crossse downward midlle band and MACD histogram is above the line.
Exit options:
At the pivot levels, 10-15 pips profit target or opposite band;
Place stop loss 12-16 pips depends by currency pairs,
for sell 2 pip above upper band.
This Trading system have and good profitability wit profit target 8-12 pips.
One of the best, create EA to share here.
EA EUR/USD PT 9 Stop loss 13.
In the pictures below Bollinger Bands, MACD and MA in action.
Forex System Bollinger bands, MA and MACD: Indicators and Template
Share your opinion, can help everyone to understand the forex strategy.
tony (Saturday, 06 August 2016 17:15)
Do u mean, long when histogram above the line and short when Macd histogram is below the line? Because that's what the graph showed me
Rutth (Sunday, 24 July 2016 17:35)
please send example for source code me