Bollinger Bands Breakout with MACD

Bollinger Bands Breakout with MACD is a trend following breakout day trading strategy
Slow MACD oscillator is used to identify the direction of market (uptrend or downtrend) The Bollinger bands indicator are used to catch only strong trends.
Time Frame 5 min.
Currency pairs: GBP/JPY, GBP/USD, USD/JPY, USD/CHF, EUR/USD.
Forex Indicators:
Slow MACD (24, 48,9);
Bollinger Bands (period 20 , deviation 3.0).
Pivot Points Level
Trading rules
Buy
MACD Line Crosses upward signal line.
MACD Histogram is above zero level.
The price close above the upper bands of Bollinger Bands.
Sell
MACD Line Crosses downward signal line.
MACD Histogram is below zero level.
The price close below the lower bands of Bollinger Bands.
Exit
Initial stop loss 4 pips below/above the middle band.
Profit target 10-15 pips depends by currency pairs or at the level of the pivot points.
In the pictures Bollinger Bands Breakout with MACD.
Bollinger Bands Breakout with MACD

Bollinger Bands Breakout with MACD

Bollinger Bands Breakout with MACD

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