Bollinger
Bands with EMA filtered by Awesome oscillator.
It's an easy and simple method that keeps you on the right side of the trend.
It's an easy and simple method that keeps you on the right side of the trend.
Time
Frame:15min or higher.
Currency
pairs: majors, and indices.
Trading
hours:all.
Indicators
setup:
Exponential
Moving Averages 3 period,
Bollinger
Bands ( 25 period, deviations 2.5),
Awesome
oscillator (default).
It's
simple build this template on all platform for trading.
Long
Entry
Open
long trade when the white line (simple moving average) trades above
the middle line of Bollinger Bands, Awesome oscillator turns green
above the 0 line. Place the stop loss above the upper band of the
Bollinger Bands.Profit Target with Ratio stop loss 1.3 (example if
stop is 20 pips the target is 26 pips).
Short Entry
Open
short trade when the white line (simple moving average) trades above
the middle line of Bollinger Bands, Awesome oscillator turns red
below the 0 line. Place the stop loss below the lower band of the
Bollinger Bands. Profit Target with Ratio stop loss 1.3 (example if
stop is 20 pips the target is 26 pips).
Disadvantage, in the side phases may generate false signals. Advantage of this trading system is very clear and easy to interpret.
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