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.
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