15 min Trend Rider Strategy

15 min trend rider strategy is a trend following system based on moving averages and Bollinger Bands.
Time frame 15 min.
Pairs: EUR/USD, USD/JPY, GBP/JPY, USD/CHF, AUD/USD, USD/CAD, GBP/USD.
Trading Session. Any.
Forex Indicators:
Bollinger Bands ( 25 period 2.0 deviation).
200 EMA, close.
3 EMA close.
Rules 15 min Trend Rider Strategy
Trades only in the direction of the main trend.
Trend is up when middle band of BB is above 200 EMA.
Trend is down when middle band of BB is below 200 EMA.
Buy
Trend Up.
EMA 3 crosses upward the middle band of BB.
Initial stop loss 15 -20 pips.
Profit target 20 -25 pips.
Sell
Trend down.
EMA 3 crosses downward the middle band of BB.
Initial stop loss 15 -20 pips.
Profit target 20 -25 pips.
In sideways market this trading system generate false signals.
When the market is in range does not trade.
The range market is when moving averages are horizontal and the Bollinger Bands narrow down.
Recognizing the range market is a discretion that you acquire with experience.
In charts below trades examples.
15 min Trend Rider Strategy

15 min Trend Rider Strategy

15 min Trend Rider Strategy

15 min Trend Rider Strategy

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