10# Bollinger Bands Breakout Trading System

Submit by joy 22 04/04/2011

Time Frame:15 or higher.

Pairs:all

Indicators:

Bollinger Bands (1, 15);

Bollinger Bands (3, 18)

RSI (14) with Bollinger Bands (20, 2).

Long Entry:

The price breaks upper band of BB (1,15) confirmed by RSI and EMAS cross above the middle of the bollinger (2, 20), with RSI (14)>EMAS Cross.

Submit by joy 22 04/04/2011

Time Frame:15 or higher.

Pairs:all

Indicators:

Bollinger Bands (1, 15);

Bollinger Bands (3, 18)

RSI (14) with Bollinger Bands (20, 2).

Long Entry:

The price breaks upper band of BB (1,15) confirmed by RSI and EMAS cross above the middle of the bollinger (2, 20), with RSI (14)>EMAS Cross.

Short Entry:

The price breaks lower band of BB (1,15) confirmed by RSI and EMAS cross below the middle of the bollinger (2, 20), ith RSI<EMAS Cross.

Exit Position

1)Stops are placed 10 pips above or below the middle bands of the BB (1,15);

2) Trailing Stop;

3) Profit Target dependes time Frame and Pair (recommended);

4) When the price touches the upper and lower band of BB (3. 18).

In the picture below Bollinger Bands Breakout Trading System in action.

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

Comments: 1

#1
Chong Chun Shiong (Sunday, 31 May 2020 15:14)

Hi
I want to ask how to install this RAR file in MT4 ? usually is ex4 file.

Trading System

templete mt4 bb breakout.rar

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