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.