515# Zig Zag and Bollinger Bands Trading System
Zig Zag rnp and Bollinger Bands price action trading system
Submit ba FreddyFx 16/11/2013
Zig Zag and Bollinger Bands trading system is a price action forex strategy based on Zig Zag rnp indicator, ArrzzX2 indicator with Bollinger bands.
Currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/CHF, EUR/JPY, GBP/JPY, AUD/JPY, NZ/USD, USD/JPY, XAU/USD, XAG/USD, Oil.
Time frame H1 and H4.
Forex Indicators:
Zig Zag rnp lenght 25 (yellow),
Zig Zag rnp lenght 50 (Magenta),
Bollinger bands ( 15, 2), withe color,
Bollinger bands ( 15, 3), royal blue,
ArZZX2 indicator (default setting),
Rules for Zig Zag and Bollinger Bands Trading System
Buy conditions:
1) on the chart Zig Zag rnp 25 or Zig Zag rnp 50 breaks bollinger bands lower withe or royal blue;
2) appears blue support of the ArrZZx2 indicator ;
3) Buy if stochastic V.3 MTF has crossed upward.
Sell conditions:
1) on the chart Zig Zag rnp 25 or Zig Zag rnp 50 breaks bollinger bands upper withe or royal blue;
2) appears red resistance of the ArrZZx2 indicator ;
3) sell if stochastic V.3 MTF has crossed downward.
Profit Target 60 min time frame 15-20 pips; stop loss 20 pips.
Profit Target 240 min Time frame 25-30 pips; stop loss 30 pips.
Happy trading and good pips
Freddyfx
Zig Zag Bollinger Band
Zig Zag rnp and Bollinger Bands orice action trading system (Template and indicators).
