188# Bollinger Bands and Stochastic
Volatility Momentum forex strategy
Submit by Joy22
10 pips a day with CCI and MACD is a Volatility Momentum forex strategy.
Currency pairs: EUR/USD, USD/CHF
Forex Indicators:
SETUP (EUR/USD)
Long Entry
1) the low of the bar is lower than the lower bollinger bands (deviation
1);
2) the Fast Stochastics (line D) is lower than 20 or cross up from the
bottom;
3) if you look back their the previous candle is with a
close at least 4 pips lower than the current candle (1 min time frame) and a close at least 8 pips lower the current candle (5 min time frame).(USD/CHF 3 pips 1min, and 5 pips
5min).
Short Entry
1) the high of the current bar is higher than the upper bollinger
bands (deviation 1);
2) the Fast
Stochastics (line D) is higher
than 80 or cross up from the bottom;
3) if you look back their the previous candle is with a
close at least 4 pips upper than the currentcandle (5 min time frame) and a close at least 8 pips upper the current candle (5 min time frame). (USD/CHF 3 pips 1min, and 5 pips 5min).
The Trading System closes a long
when
1) the high of the candle broken
the upper bollinger band deviation 1 or touches the upper bollinger band deviation 2.
2) Stop loss on 3 pips below the lower bands of the BB deviation 2.
The Forex System closes a short
when
1) the high of the candle broken the lower bollinger
bands deviation 1 or touches the lower bollinger band
deviation 2.
2) Stop loss on 3 pips above the lower bands of the BB deviation
2 or 10 pips EUR/USD and 8 pips USD/CHF.
In the pictures Bollinger Bands and Stochastic trading system in action.
Share your opinion, can help everyone to understand the forex strategy.
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