Winning in forex is easy. All you need to do is to have system providing you a simple and clean edge. Stick to the rules, and never get greedy. This forex strategy is as simple and clean as it gets. It uses exponential moving averages to identify market flow direction. Entry is signalized by bollinger bands tunnel on high/ low price basis.

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Results are secured by employing break even conditions. All of the systems components can be adapted and modulated to fit into any currency pair and time frame.
Forex strategy is provided with expert advisor. System was tested for profitability on high quality historical data since 2003 (EURUSD 1H tick).
Used tools and indicators
Exponential moving averages (EMA 500,250) Standard EMA positioning is used to identify main trend. We consider relative position of fast EMA compared to slow.
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Bollinger bands (BB period 40, deviation 2). BB tunnel is created to capture tops and bottom of price development. Those provide great entry point both in downtrend (High) and uptrend (low).
Break even condition (20 pips) After position reaches a predefined profit. Stop loss is placed on entry price (break even).
Max open trades (50) strategy allows opening more than one trades per side at the same time.
Forex strategy rules
SELL

EMA fast trending below EMA slow. Downtrend. We will be looking for short entry on relatively high price (Top of the BB tunnel). Signal. Price close above the upper BB. Once it closes back below upper BB, within the tunnel. We enter the trade short.
Take profit: 100
Stop loss: 140
Break even after: 20
BUY

EMA fast trending above EMA slow. Uptrend. We will be looking for long entry on relatively low price (bottom of the BB tunnel). Signal. Price close below the bottom BB. Once it closes back above bottom BB, within the tunnel. We enter the trade long.
Take profit: 100
Stop loss: 140
Break even after: 20
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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.