Aggressive forex strategy utilizing Bollinger bands as tool for entry based on breakout and momentum. BB are able to adapt to market volatility, therefore price closing outside of its boundaries can be considered a breakout with high enough price momentum. Furthermore, EMA 150 is used together with BB to clearly separate uptrend from downtrend. This strategy also offers amazing RRR that can get up to 1/15 -1/20.
Tools used in forex strategy
Forex indicators
Bollinger bands – default settings
EMA (exponential moving average) 150
Timeframe 5 minutes. Currency: any major currency pair.
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Forex strategy rules:
SELL:
All three of bollinger bands are trending below EMA 150. Downtrend.
Bearish candle closes below bottom BB band (signal candle). We enter short, on new candle open, placing stop loss one pip above signal candle high.
Take profit: We exit with profit once price closes above middle BB band.
BUY:
All three of bollinger bands are trending above EMA 150. Uptrend.
Bullish candle closes above upper BB band (signal candle). We enter long on new candle open, placing stop loss one pip below signal candle low.
Take profit: We exit with profit, once price closes below middle BB band.
We recommend you to use this forex strategy with one of our trusted forex brokers (STP/ECN with MT4 bridge).
To win you must trade with broker on your side.
Dislaimer: Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer.
TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use.
