Bollinger Band Forex Chart Patterns Strategy
Table of Contents
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;
- Doji 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.
Forex Trading Strategies Installation Instructions
Bollinger Band Forex Chart Patterns Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.
The essence of this forex strategy is to transform the accumulated history data and trading signals.
Bollinger Band Forex Chart Patterns Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust this strategy accordingly.
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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
*Note: Not all forex strategies come with mq4/ex4 files. Some templates are already integrated with the MT4 Indicators from the MetaTrader Platform.
Click here below to download: