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Triband forex strategy

In market. Simplicity sometimes beats sophistication in the long run. This is one of those forex strategies. It is simple and fundamentally sound. Once it identifies trend and momentum, it looks for signals of relatively high/low price (compared to recent past). Then it enters the trade with stop loss and take profit. Take profit is firmly set. Stop loss will be adjusted as soon as strategy reaches profit. Thus protecting the balance of the account in all cases.

Triband forex strategy

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Profit protection method is done by break even order. Profit triggering the order is adjusted from order to order according to market conditions – difference between the average price and average high/low price.

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Used tools and indicators

Commodity channel index (CCI, tested period 600). High calculation period is used together with central range. Central range (CR) will avoid entering the trade in the market with unclear momentum. To modify CR adjust buy above and sell below zone. We buy only above the upper CR, we sell only below CR.

Bollinger bands (tested with period 50, deviation 1). BB will identify high, low and average price for us. We enter short on high price and long on low price. To reset the signal, price must return back to the tunnel for at least one candle. This will prevent us from entering multiple times on one signal.

Break even is placed once the price travels the distance, that equals distance between BB high/low and BB central line.

Tested in 1H chart of EURUSD

Forex strategy rules


Triband forex strategy

CCI trending below 25 and -25 CR. We enter only short.

Price rises above upper BB line. Previous candle closed with its high below upper BB.

We enter the trade on candle close.

  • Break even calculation: Distance between upper BB – central BB. Once the profit reaches this distance, stop loss is placed to break even.

  • Take profit: 80

  • Stop loss: 50


Triband forex strategy

CCI trending above 25 and -25 CR. We enter only long.

Price below above bottom BB line. Previous candle closed with its low above bottom BB.

We enter the trade on candle close.

  • Break even calculation: Distance between central BB - bottom BB. Once the profit reaches this distance, stop loss is placed to break even.

  • Take profit: 80

  • Stop loss: 50


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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.

Disclaimer: 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.



“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 


Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

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