Contrarian Forex Trading System

The contrarian is a forex trading strategy that is based on the stochastic over BS indicator. This is suitable to a 1-hour or higher timeframe. The pairs that are suitable for this method are GBPUSD, EURJPY, GBPJPY, AUDJPY, GBPCHF, and USDCAD.

MT4 Indicators:

• Stochastic over BS
• Squidster
• Bolliger Bands (20, 3)

Long Entry:

1. StochsOverBS – red or pale red.
2. A red arrow

Short Entry:

1. StochsOverBS – green or pale green.
2. A red arrow.

Exit Position:

• Stop Loss for a buy is 5 pips below the lower band.
• Stop Loss for a sell is 5 pips above upper band.

Profit Target on the middle band or opposite band or entry with Two order first target on the middle band, second target on opposite band.

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