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47# BBMA Forex Strategy

Simplified BBMA

Bollinger Bands trending-reversal trading

Submit by Maximo Trader

 

BBMA Forex Strategy that I present here is a simplified version of the original without the extreme signals but based on MT4 indicators such as the breakout that guides the beginner to this apparently complex strategy. So in addition to being effective, it guides the beginner to a gradual compression of the BBMA. 

The principle on which this strategy is based is to wait for an important expansion of the Bollinger Bands which prelude to price reversal (correction or start of a new trend). The reason why the extreme signal was excluded in this version (although it is very profitable) is that it can provide false signals so you have to be expert in this strategy.

Time Frame 5 min or higher best time frame H1 and H4.

Currency pairs: any.

Metatrader 4 indicators

Movimg averages channel High-Low

Ferrux FX multi info

Support and resistance breakout arrow

Bollinger Bands 25 period, deviation 2.0

Heat Map multi color

Stochastic RSI 2.01.

Trading rules BBMA Forex Strategy

Buy

The price goes out of the lower bollinger band, the bands begin to swell.

The price stops on the support (dot red) and falls within the bands forming a bullish candle (moment of the extreme signal)

The price breaks the high channel of moving averages.

Buy arrow breakout support/resistance indicator.

Stochastic-RSI green square.

Sell

The price goes out of the upper bollinger band, the bands begin to swell.

The price stops on the resistance (dot blue) and falls within the bands forming a bearish candle (moment of the extreme signal)

The price breaks the low channel of moving averages.

Buy arrow breakout support/resistance indicator.

Stochastic-RSI red square.

Exit position

Place initial stop loss on the previous swing high/low

Profit target ratio stop loss from 1:1 to 1:1.3.

BBMA is an simple, educational and winning strategy.

 

In the pictures BBMA Forex Strategy in action.

BBMA Forex Strategy
BBMA Forex Strategy
BBMA Forex Strategy
BBMA Forex Strategy
BBMA Forex Strategy
BBMA Forex Strategy
BBMA Forex Strategy
BBMA Forex Strategy
BBMA Forex Strategy
BBMA Forex Strategy

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BBMA Forex Strategy
BBMA Forex Strategy
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