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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