439# ASCTrend with Bollinger Bands
ASCTrend Trading System
Submit Topcat 06/03/2013
Time Frame 15 min or higher:
Currency pairs any.
RSI is below 50.
ASCTREND down-arrow signal and candle lighted up by ASCTREND.
Stochastics lines going downward.
CCI line is pointing down and below 50.
Exit when 5-EMA crosses 10-EMA in the opposite direction of your trade, or when price bounces from the Bollinger Bands, or when Stochastics lines converge.
Never enter a new trade without a signal, unless the candle is lit up with ASCTREND.
for buy 5 pips below the lower bands;
for sell 5 pips above the upper bands.
5EMA, 10 EMA (set close);
RSI (14), give it 3 levels – 70, 50, 30;
Stochastic oscillator to 5, 3, 3, give it 3 levels – 80, 50, 20;
CCI (14) 3 levels - 100, 0, -100;
ASCTREND up-arrow signal and candle lighted up by ASCTREND.
Stochastics lines going upward.
CCI line is pointing upward and above 50.
In the picture ASCTrend with Bollinger Bands forex system in action.
Share your opinion, can help everyone to understand the forex strategy.
Trend Following Forex Strategies