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29# Bollinger Band Trading in Trend Trading System

Bollinger Bands Trading

 

Submit by Marco 05/01/2014

 

Bollinger Bands Trading in Trend Trading System is based on the 100 EMA Channel for to determine the trend direction of the market and the Bollinger Band for entry and exits.

 

Time Frame 15 min or higher.

Markets: Forex, Stocks, Futures, CFD, Gold, Silver and Oil.

 

Forex Indicators:

100 EMA channel:

100 Exponential moving average low (EMA);

100 Exponential moving average High (EMA);

Bollinger Band:

 Set the bands to a standard deviation of 2.3. this it captures many of all price activity and moving average 10 periods.

 

Rules for Bollinger Band Trading in Trend Trading System

 

Trades only in direction of the trend if the price is above the channel only buy, if the price is below the channel only sell.

 

 

Buy

Trend up.

Wait the price is touches or breaks the lower band but above the red line (100 exponential moving average low);

Buy when the price retraces into the band or at the opening of the next bar.

Exit when the price breaks or touches the upper band or with fast profit target ratio

2:1 stop loss (recommended).

Place initial stop loss at the previous low swing.

 

Sell

Trend down.

Wait the price is the touches or breaks upper band but below deep sky the line (100 exponential moving average high);

Sell when the price retraces into the band or at the opening of the next bar.

Exit when the price breaks or touches the lower band or with fast profit target ratio

2:1 stop loss (recommended).

Place initial stop loss at the previous high swing.

 

This system is simple but very helpful for exits.

Bollinger Band Trading in Trend Trading System
Bollinger Band Trading in Trend Trading System

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Bollinger Band trading in trend (template metatrader 4)
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