Bollinger Band Forex Chart Patterns Strategy
This strategy works on a 30 minute or higher but works best on 4 hours and daily chart. It is applicable to any currency pairs.
Bollinger Bands (20, 2);
Stochstic indicator (5, 3,3,);
InsideSide Bar metatrader indicator;
Pin Bar Indicator;
OutSide Bar Metatrader Indicator;
If upper Bollinger band is respected, then there is a selling signal.
Stochastic must be overbought or over line 80.
If lower Bollinger Band is respected, then there is a buying signal.
Stochastic must be oversold or under line 20.
You can have an entry if these conditions are realized. Wait for the signal. Do not enter trade if there is no signal.
Place a pending order at the trigger level.
Stop loss must be behind the recent highs or lows. Trail stop is also advised.
How to install Bollinger Band Forex Chart Patterns Strategy?
Download Bollinger Band Forex Chart Patterns Strategy.zip
Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
Copy tpl file (Template) to your Metatrader Directory / templates /
Start or restart your Metatrader Client
Select Chart and Timeframe where you want to test your forex strategy
Right click on your trading chart and hover on “Template”
Move right to select Bollinger Band Forex Chart Patterns Strategy
You will see Bollinger Band Forex Chart Patterns Strategy is available on your Chart
Click here below to download:
August 13, 2019
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