Bollinger Bands with EMA filtered by Awesome

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.
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.

Bollinger Bands with EMA  filtered by Awesome


Bollinger Bands with EMA  filtered by Awesome

Post a Comment

أحدث أقدم