Forex Squeeze Reversal Bollinger Band Strategy

Trading Strategies 0 1,449


Summary : 

Forex Squeeze Reversal Bollinger Band Strategy is based three Bollinger Bands.

 

Metatrader Indicators : 

- Bollinger Bands (120, 1) ;

- Bollinger Bands (120, 2) ;

- Bollinger Bands (120, 3) ;

- Bollinger Band Squeeze;

- Exponential Moving Average (4, Close) - setting H1

- Exponential Moving Average (8, Close) - setting H1

 

Trading Conditions

- Chart Timeframe : 30 Minute or Higher Timeframe.

- Currency Pairs : Any pairs.

 

Long Position Entry : 

1.     Bollinger Band Squeeze flat

2.     Price rebound on the one of the three lower bands

3.     Enter when 4 EMA crosses upward 8 EMA.

 

Short Position Entry : 

1.     Bollinger Bands Squeeze flat

2.     Price rebound on the one of the three upper bands

3.     Enter when 4 EMA crosses downward 8 EMA.

 

Exit Rules : 

- Profit Option : On the middle band

- Stop Loss Option : 15 pips below or above entry position.

 

How to install Files?

- Download *.zip file.

- Copy Indicators folder to your Metatrader Directory / indicators /

- Copy Template folder to your Metatrader Directory / templates /

- Copy Libraries folder to your Metatrader Directory / Libraries /

- Start or restart your Metatrader

- 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 Template

- You will see Trading System strategy is available on your Chart

List