Bollinger Bands Exit Forex Trading System
The Bollinger Bands Exit system is based on the Bollinger bands indicator. The applicable timeframe for this method is 1-hour or higher and is useful in all currency pairs.
MT4 Indicators:
- MA Crossover;
- Market Wath (with adx 25, and Bands Period 25);
- Bollinger Bands (2, 25).
Sell Signal:
- Red Arrow
- The market watch is red.
- Do not enter if the price is out the band.
Buy Signal:
- Blue Arrow.
- The market watch is blue.
- Do not enter if the price is out the band.
Exit Position:
- Place stop loss on middle band;
- Place target profit on upper or lower band.
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