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.
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