Cross Middle band Trading System
Submit by Forexstrategiesresources
Chart Setup
Preferred Currency Pairs: EUR/USD, GBP/USD ,GBP/JPY EUR/JPY, USD/CAD, AUD/USD
Preferred Trading Sessions: London and New York
Timeframe: 5 Min or 15 Min
Indicators:
Bollinger Bands (default settings).
A. Rules For Long Trades
1)Bollinger Bands must slope down.
2) Go short when the price touches the middle BB band from below.
3) MACD (15, 26, 1) <0
3) Set stop loss at the upper band or max 15 pips (whatever comes first).
4) Take profit at the lower band.
In the pictures belowCross Middle band Trading System in action.
Submit by Forexstrategiesresources
Chart Setup
Preferred Currency Pairs: EUR/USD, GBP/USD ,GBP/JPY EUR/JPY, USD/CAD, AUD/USD
Preferred Trading Sessions: London and New York
Timeframe: 5 Min or 15 Min
Indicators:
Bollinger Bands (default settings).
A. Rules For Long Trades
- Bollinger Bands must slope up.
2) Go long when the price touches the middle BB band from above.
3)MACD (15, 26, 1) > O
3) Set stop loss at the lower band or max 15 pips (whatever comes first).
4) Take profit at the upper band.
1)Bollinger Bands must slope down.
2) Go short when the price touches the middle BB band from below.
3) MACD (15, 26, 1) <0
3) Set stop loss at the upper band or max 15 pips (whatever comes first).
4) Take profit at the lower band.
In the pictures belowCross Middle band Trading System in action.
Bollinger Bands Cross Middle Band System
Bollinger Bands Cross Middle Band System
Bollinger Bands Cross Middle Band System
