Top Ad unit 728 × 90

Range Market Trading System

Range Market Trading System is a trading system created for sideways market. This strategy is based on two indicators moving average and Bollinger Bands.
Time Frame 15 min or higher.
Currency pairs: EUR/USD, GBP/USD, USD/JPY, GBP/JPY, AUD/USD, AUD/NZD, EUR/CHF, USD/CHF.
Forex Indicators:
Bollinger Bands period 120 deviation 1.0.
Bollinger Bands period 120 deviation 2.0.
Bollinger Bands period 120 deviation 3.0.
4 EMA, close.
8 EMA close.
Trading Rules Range Market Trading System
Buy
When the price close between lower BB 120, 2.0 and BB 120 3.0 wait that 4 EMA crosses upward 8 EMA. Re-enter at any cross upward of EMAs (this is optional).
Profit target the next lower band or meddle band.
Stop loss 20 - 30 pips below the entry bar.
Sell
When the price close between upper BB 120, 2.0 and BB 120 3.0 wait that 4 EMA crosses downward 8 EMA. Re-enter at any cross downward of EMAs (this is optional).
Profit target the next upper band or meddle band.
Stop loss 20 -30 pips above the entry bar.
In the pictures Range Market Trading System examples.
Range Market Trading System

Range Market Trading System

Range Market Trading System

Range Market Trading System Reviewed by learn forex trading on July 06, 2017 Rating: 5

No comments:

All Rights Reserved by Learn Forex Trading © 2014 - 2019

Contact Form

Name

Email *

Message *

Powered by Blogger.