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Bollinger Bands with 200 EMA

Bollinger Bands with 200 EMA is a strategy for trading with short time frame 15 min or 5 min then is a trading system for scalping or intraday trading.
Setup Template
Time Frame 5 min or 15 min.
Currency pairs: EUR/USD, GBO/USD, USD/JPY.
Bollinger Bands (20, 2)
Exponential moving average (EMA) 200 period, close.
Stochastic oscillator 5, 3,3, close, with level (80 and 20)

Trading Rules Bollinger Bands with 200 EMA
Conditions for trading
for Buy
EMA 200 below middle line of Bollinger bands.
Stochstic oscillator above 80
for Sell
EMA 200 above middle line of Bollinger bands.
Stochstic oscillator below 20.
Trading Sessions:London and New York.

Long Entry
The candle close above the upper band of BB.
EMA 200 below middle line of BB.
Stochastic Above 80 levels.

Short entry
The candle close below the lower band of BB.
EMA 200 above middle line of BB.
Stochastic below 20 levels.

Exit position
5 min time frame Profit Target 8 pips EUR/USD, 9 pips USD/JPY, 10 pips /GBP/USD.
15 min time frame Profit Target 10 pips EUR/USD, 12 pips USD/JPY, 15 pips /GBP/USD.
Place stop loss below/above the midlle line of Bollinger Bands.
See examples of trading in the pictures.
Bollinger Bands with 200 EMA

Bollinger Bands with 200 EMA

Bollinger Bands with 200 EMA


Bollinger Bands with 200 EMA Reviewed by learn forex trading on May 08, 2017 Rating: 5

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