515# Zig Zag and Bollinger Bands Trading System

Zig Zag rnp and Bollinger Bands price action trading system

 

Submit ba FreddyFx 16/11/2013

 

Zig Zag and Bollinger Bands trading system is a price action forex strategy based on Zig Zag rnp indicator, ArrzzX2 indicator with Bollinger bands.

 

Currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/CHF, EUR/JPY, GBP/JPY, AUD/JPY, NZ/USD, USD/JPY, XAU/USD, XAG/USD, Oil.

 

Time frame H1 and H4.

 

Forex Indicators:

Zig Zag rnp lenght 25 (yellow),

Zig Zag rnp lenght 50 (Magenta),

Bollinger bands ( 15, 2), withe color,

Bollinger bands ( 15, 3), royal blue,

ArZZX2 indicator (default setting),

Stochastic V.3 MTF.

 

 

Rules for Zig Zag and Bollinger Bands Trading System

 

Buy conditions:

1) on the chart Zig Zag rnp 25 or Zig Zag rnp 50 breaks bollinger bands lower withe or royal blue;

2) appears blue support of the ArrZZx2 indicator ;

3) Buy if stochastic V.3 MTF has crossed upward.

 

Sell conditions:

 

1) on the chart Zig Zag rnp 25 or Zig Zag rnp 50 breaks bollinger bands upper withe or royal blue;

2) appears red resistance of the ArrZZx2 indicator ;

3) sell if stochastic V.3 MTF has crossed downward.

 

 

Profit Target 60 min time frame 15-20 pips; stop loss 20 pips.

Profit Target 240 min Time frame 25-30 pips; stop loss 30 pips.

 

Happy trading and good pips

Freddyfx

Zig Zag Bollinger Band

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