Trade Pro Fx Strategy

Trade Pro FX Strategy is a trend momentum trading system based on Bollinger bands, RSI, MACD and EMA.

Time Frame 5 minute or higher.

Currency pairs: majors.

Indicators for build Trade Pro Fx Strategy

1. Bollinger Bands (20,3)

2. 3 period Exponential Moving Average (EMA)

3. Moving Average Convergence Divergence (MACD) - 6,17,1

Buy

1. The 3 period EMA must cross above the Middle Bollinger Band.

2. The MACD must cross above the 0 level.

3. The 14 period RSI must cross above the 50 level.

4. When all the conditions above are met, place a buy order.

5. Set the Stop Loss a few pips below the nearest swing low or the Lower Bollinger

Band, whichever is closer.

6. Set the Take Profit at the Upper Bollinger Band or use a fixed profit target,

depending on the timeframe you are trading. Here are some examples of fixed Take

Profit targets in pips for each timeframe:

Buy example

Prior to the entry, when the RSI crossed above the 50 level, we got the first sign to start

looking for long trade. The MACD also crossed above the 0 level. A few candles later

the 3 EMA crossed above the Middle Bollinger Band.

After the close of the current set up candle, a long position was opened at 126.283 (B).

Then, a Stop Loss of 80 pips under the entry was set, just below the last swing low point

at 125.483 (C).

Next, a Take Profit Target of 100 pips was set at 127.283 (D), which was hit right at the

very next candle.

Sell

1. The 3 period EMA must cross under the Middle Bollinger Band.

2. The MACD must fall below the 0 level.

3. The 14 period RSI must move below the 50 level.

4. When all the conditions above are met, place a sell order.

5. Set the Stop Loss a few pips above the nearest swing high or the Upper Bollinger

Band, whichever is closer.

6. Set the Take Profit at the Lower Bollinger Band or a fixed target, depending on the

timeframe you are trading.

Sell example

First, the RSI crossed below the 50 level and almost simultaneously, the 3 EMA crossed

below the Middle Bollinger Band. The last signal was given by the MACD when it fell

under the 0 level.

Immediately after the close of the setup candle, a short trade was placed at 1.30512

(B).

Next, a Stop Loss of 15 pips above the entry was set, at 1.30662, which is just above

the last swing high (C).

And then, a Take Profit of 40 pips was set at 1.30112 (D). As you can see, the Take

Profit was hit 4 hours later.