109# Contrarian Trading System
Submit by joy22
Time Frame H1 or higher
Pairs: GBP/USD, EUR/JPY, GBP/JP, AUD/JPY, GPB/CHF, USD/CAD
Indicators:
Stochastic over BS
Squidster
Bolliger Bands (20, 3)
Long Entry
StochsOverBS - red or pale red.
A red arrow
Short Entry
StochsOverBS - green or pale green.
A red arrow.
Exit Position:
Stop Loss for buy 5 pips below lower band;
Stop Loss for Sell 5 pips above upper band.
Profit Target on middle band or opposite band,
or entry with Two order first target on middle band, second target on opposite band.
In the pictures Contrarian forex system in action.
Forex Contrarian Trading System: Template and indicators MT4
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