5# Bollinger Bands, Pin Bar and Real MACD Trading System

Submit by Joy22 06/04/2011

Time Frame's: H4 and Daily chart and above

Currency Pairs: any

Trading Indicators: Bollinger Bands set to standard period 20 Deviations 2

Pattern: Pin Bar >> Pin Bar

Long Entry Position:

1) the price pair to be trading in the vicinity of the lower Bollinger Bands.

2) The appearance of a bullish pin bar will confirm a buy trade when Real MACD is green;

Short Entry Position:

1) the price pair to be trading in the vicinity of the Upper Bollinger Bands.

2) The appearance of a bearish pin bar will confirm a buy trade when Real MACD is red;

Exit Position:

1)stops are placed 5 pips behind the low or High of the pin bar.;

2) trailing Stop;

3) profit target: 60 pips EUR/USD, 70 pips GBP/USD 4H Time Frame, for Daily time frame 200pips EUR/USD , 250 pips GBP/USD (recommended);

4) When the price touches the middle band.

In the pictures below Bollinger Bands, Pin Bar and Real MACD Trading System in action.