Bollinger Bounce Forex Trading
Strategy
The Buy Setup – Entry, Stop Loss & Exit
Buy Entry
- Price should be constantly hugging the upper band indicating that the market is on a bullish trend.
- Price should retrace towards the middle line.
- Price should touch the middle line but not close below it.
- The entry candle would be the bullish candle after price retests the middle line.
Stop Loss: The stop loss will be the most recent low created when price retraced towards the middle line.
Exit: The trade should be closed as soon as price closes below the upper Bollinger Band.
The Sell Setup – Entry, Stop Loss & Exit
Sell Entry
- Price should be constantly hugging the lower Bollinger Band indicating a bearish trending market.
- Price should retrace back up going towards the middle line.
- Price should touch the middle line without closing above it.
- The entry candle would be the next bearish candle that closes.
Stop Loss: The stop loss should be placed on the most recent high created during the retracement.
Exit: The trade should be closed as soon as a candle closes above the lower Bollinger Band.
How to install Bollinger Bounce Forex Trading Strategy?
- Download Bollinger Bounce Forex Trading Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex system
- Right click on your trading chart and hover on “Template”
- Move right to select Bollinger Bounce Forex Trading Strategy
- You will see Bollinger Bounce Forex Trading Strategy is available on your Chart
