180# Mega Pips System
Trend Following System
Bollinger Band Stop filtered
Submit By Janus Trader
Mega Pips System is a pure trend following trading system based on Half Trend with custumized setting for trending strategy. The Bollinger Band Stop is filtered by a slow trend indicator. The trading system is composed bu four indicators and id very simple to apply.
Megapips is a winning trend following system with a profitability of 60%, it is easy to earn 300 pips per week on only three currency pairs.
Time Frame 5 min or higher, but best 30 min, 60 min, 240 min.
Currency pairs: Volatile Pairs, EUR/AUD, EUR/JPY, NZD/USD, EUR/NZD, GBP/USD, GPB/JPY,
Metatrader 4 Indicators
Bollinger Bands Stop (period 25, channel deviation 1.0).
Paint Bar (colore candle).
High/Low Target (fibo period 24, Target period 24).
Trend direction (defaut setting) slow trend indicator.
Moving Average 10 period ,close.
Trading rules Megapips System
Bollinger Band Stop buy arrow.
Trend direction black bar as confirm.
Profit Targe at the target level or when arrow changes direction from black to red.
Initial stop loss at the previous swing low, apply also move stop loss.
Bollinger Band Stop sell arrow.
Trend direction red bar as confirm.
Profit Targe at the target level or when arrow changes direction from red to black.
Initial stop loss at the previous swing high, apply also move stop loss.
Note: You can enter within two bars from the filter or on the retracement if the trend changes just after the input signal of the Bollinger Band Stop indicator. The retracement can be detected with an additional moving average or when there is a candle of the opposite color to the trend, for example if the trend is up (black candles), it is entered when a red candle is formed.
You can increase profitability and reduce risk by entering the profit target with a 1:18 ratio of the stop loss
This system is also suitable for beginners for ease of use.
In the pictures Mega Pips System in action.
https://t.me/freeforexresources Telegram Channel
Share your opinion.