Bollinger Bands MA with MACD is forex day trading strategy allows currency traders to open and close trades within the same day with the help of the MA Bollinger Bands indicator.
The strategy takes advantage of rapid market movement within the same trading day.this trading system is day trading system, we recommend that you apply it on the lower time frame charts, starting from M5. This is a simple and winning strategy.
Setup Strategy
Bollinger Bands MA default setting
MACD (12, 26, 9)
Time Frame 5 min, 15 min, 10 min, 30 min
Trading Sessions: Any
Currency Pairs: EURUSD, GBPUSD,AUDUSD. AUDJPY, EURJPY, NZDUSD, GBPJPY, GBPCAD, EURGBP, USDCAD, USDJPY.
Strategy
Long Entry
Buy Arrow BBMA
MACD >0 level
Short Entry
Sell Arrow BBMA
MACD <0
Stop Loss for Buy Entry: Place stop loss below the previous swing low.
Exit Strategy/Take Profit for Buy /Sell Entry
when MACD crosses in opposite direction.
Predetermined forex target
Examples of the strategy.
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