Nice price forex strategy

This forex strategy is almost explained in its name. What it does, is it tries to get a nice price to enter a trade. It has no complicated entry mechanism. Strategy plays with the fact, that to profit long term, you simply need to get statistically better price for your entry and do so consistently. There are many ways to achieve this. This system uses combination of bollinger bands and ADX indicator. Strategy was tested on high quality historical data since 2003 with very results.

  Get MT4 Expert Advisor trading this Forex strategy ↴ 

Backtest and optimize for any currency pair. Trade multiple instruments simultaneously, day and night.

Trade automatically, without errors and emotions. Save your time and energy. 

 

Used tools and indicators

 

Average directional movement index (ADX period 50) Indicator will identify trend. We will confirm the trend by making sure that the main ADX line is trending above 10 line (add it to indicators window). This confirms the trend momentum regardless of its direction. Once we have sufficient market momentum we compare position of DI- and DI+ line to identify trend.

 

Bollinger bands

 

Break even conditions: Even the best position can sometimes turn to loss. This strategy includes the break even condition to almost completely avoid such an unpleasant event in our trading.

 

For the best results, trade with professional ECN/STP broker with MT4. If you can't trade with profit. Automatically copy the traders that are already profitable.

 

Forex strategy rules

SELL

ADX main line trending above 10 horizontal line. Momentum of trend is sufficient.

DI + line trends below DI- line. Downtrend according to ADX indicator.

Price touches the upper Bollinger band and closes. We enter on candle close placing SL and TP accordingly:

 

Take profit: 10 pips

Stop loss: 60 pips

Break even after: omitted in test

 

For signal reset, price must close at least one candle with high below the upper BB.

 

BUY

ADX main line trending above 10 horizontal line. Momentum of trend is sufficient.

DI + line trends above DI- line. Uptrend according to ADX indicator.

Price touches the bottom Bollinger band and closes. We enter on candle close placing SL and TP accordingly:

 

Take profit: 10 pips

Stop loss: 60 pips

Break even after: omitted in test

 

For signal reset, price must close at least one candle with low above the bottom BB.

Get MT4 expert advisor trading this forex strategy

For best results 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.

 

Please reload

ABOUT US

THEFOREXKINGS

“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. ” 

—  Marian, Proprietor of TheForexkings.com