379# Contrarian Trading System with HMA and Bollinger Bands

Contrarian Trading System

Submit by Janus Trader 19/07/2012

 

Time Frame 4H

Currency pairs: any

 

Indicators:

HMA (4,5, fast) (30,31, 32, slow); method 3;

Bollinger Bands (20, 2);

fractal.

Long Entry:

After that the price touches or breaks lower band:

Buy when HMA fast crosses up HMA slow.

 

Short Entry

After that the price touches or breaks upper band:

Sell when HMA fast crosses down HMA slow.

 

Stop Loss

25-35 pips depends by currency pairs: example Aud/USD 25 pips, EUR/USD 30 pips, GBP/USD 35 pips;

Profit Target

25-35 pips depends by currency pairs: example Aud/USD 25 pips, EUR/USD 30 pips, GBP/USD 35 pips;

 

Ratio=1:1

for best ratio move Stop loss at entry price after 20 pips in gain.

 



In the pictures Contrarian forex system in action.

Share your opinion, can help everyone to understand the forex strategy.

Comments: 1
  • #1

    PRADIP Chatterjee (Wednesday, 01 August 2018 16:04)

    I wish to know your strategy.

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