Forex Bollinger Band, MACD and MA Forex Strategy
This is a type of Bollinger band strategy that uses any currency pairs in a 15 minute timeframe.
Forex Indicators:
- MACD (11,27,4);
- Bollinger bands (20;2);
- Moving Average (MA Smoothed period 2) ;
- pivot indicator.
Long Entry:
- MA (2) must cross upward middle band.
- MACD histogram is below the line.
Short Entry:
- MA (2) must cross downward middle band.
- MACD histogram is above the line.
Exit options:
- Take profit at 10-15 pips or opposite band.
- Place stop loss 12-16 pips depending on the currency pairs,
- For sell 2 pip above upper band.
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