It is based mainly on price movement, and the fact that prices like to retrace to trending moving average and bounce from it, creating strong movements.
Last 2 Weeks Results
GBPUSD: +212 pips
EURUSD: +712 pips
Charts
1H and 4H Charts
Indicators
Bollinger(Period=20)
Entry Rules
Entry is made after price bounces from Bollinger's Moving Average, when the Moving Average is trending (pointing up or down).
After price has bounced from MA (Created a bullish candle for long trades or bearish for short), place stop order 1 pip above the candle (for long) or below the candle (for short). Watch examples for clarifications.
Stop Loss is 1 pip below low of the previous bar (for long trades), and 1 pip above high of previous bar + spread (for short trades).
Trailing Stop
Stop Loss is trailed to 1 pip below lowest low of last 4 bars (for long trades) and to 1 pip above highest high of last 4 bars (for short trades). Exits are done only by the trailing stop.
Example of Trades
Posts
