Deviation Bands Trading System for forex

[Ifc]

Deviation Bands Trading System
Deviations Bans with MACD (6,15,1,)
Submit by Forexstrategiesresources

Time Frame: 4H and Daily
Pairs: all.

Setup
1) Calculate a 5-bar simple moving average of closes.
2) Calculate a 15-bar standard deviation of closes.
3) MACD (6, 15, 1)
Long Entry Position
a) Check for a penetration of the middle band from down and Macd is above zero.
b) Buy at the market.
Short Entry Position
a) Check for a penetration of the middle band from the up and MACD is below zero.
b) Sell short at the market.
Exit Order
1)) This is a stop-and-reverse system. We exit a long position and sell short when the short entry is reached, and we exit a short position and go long when the buy entry is reached. Also to exit when the price

Take Profit: 60 pips EUR/USD, 70 pips GBP/USD 4H Time Frame, for Daily time frame 200pips EUR/USD , 250 pips GBP/USD (recommended).






In the picture belowDeviation Bands Trading System in action