143#MultiTimeFrame Trading System with SMA and Bollinger Bands

Mulitimeframe SMA Trading System

Submit by Maximo Trader 08/07/2013

Markets: Forex

This Trading System uses three time frame:15 min), 2) H1, 3) 240 min .

Forex Indicators: 3 SMA , 11 SMA, 34 SMA,

Rules: MultiTimeFrame Trading system with SMA and Bollinger Bands

Long Entry

Enter on 15 minutes chart.

On 15 minutes chart, for uptrend:

if 3 SMA > 11 SMA >34 SMA

go and check H1 chart:

if 3 SMA > 11 SMA >34 SMA

.

go and check if 240 minutes chart meet same conditions as for H1 chart this is the setup for long entry.

Go on 15minutes Chart and go long when the price retrace on the 11 SMA

Short Entry

Enter on 15 minutes chart.

On 15 minutes chart, for uptrend:

if 3 SMA < 11 SMA <34 SMA

go and check H1 chart:

if 3 SMA < 11 SMA <34 SMA

.

go and check if 240 minutes chart meet same conditions as for H1 chart this is the setup for short entry.

Go on 15minutes Chart and go short when the price retrace on the 11 SMA .

Exit position:

Profit Target 20-30 pips or ratio 1,3 stop loss, (if stop loss is 21 pips profit is 28 pips.)

Place Stop Loss levels on 15 min chart.

for long 3 pips below the Lower band,

for short 3 pips above the upper band.

In the pictures below MultiTimeFrame Trading system with SMA and Bollinger Bands in action.

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

Comments: 2

#2
tehseen khan (Tuesday, 12 April 2022 19:50)

hello, your strategy looks very promising. i will try it definitely. You said to take 34 SMA, but on the charts you have mentioned 50 SMA. Please clarify on this. Looking forward for your early reply.
#1
tehseen khan (Wednesday, 07 April 2021 19:24)

hello, your strategy looks very promising. i will try it definitely. You said to take 34 SMA, but on the charts you have mentioned 50 SMA. Please clarify on this. Looking forward for your early reply.

Thanks & Regards.