Trend Bouncer with Bollinger Bands ~ forex market times open
Trend bouncer forex strategy is a trend following system that use the Bollinger Bands, the purpose of this trading system is to find the retracement during a trend and get in to trade with the trend. In an uptrend, you will fi nd that, at a certain point in time, prices will pull back or retrace before continuing with the upward movement. Similarly for a downtrend, prices will retrace upward against the downward momentum before continuing their way down again. Experienced trend traders usually wait for the retracement to happen before taking a trade in the direction of the trend. This is how the trend bouncer strategy came about. The Bollinger Bands indicator provides an objective way of identifying the ebb-and-flow movement of a trend. Since this is a trend strategy, we have more than one profit target. In fact, we have two specific profit levels for this strategy. The strategy differs slightly from the trend rider in that there are specific levels for trend bouncer traders to exit with profits.
Time Frame H1 and H4
Currency pairs: Majors (example EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD,NZD/USD.
Indicators:
Bollinger Bands (moving average MA 12, deviation Dev2);
Bollinger Bands (moving average MA 12, deviation Dev4).
Trend line tool.
When the candlestick hits the upper band of Bollinger Bands (MA 12, Dev 2), it indicates an upward mmentum, and we prepare to go long. As prices retrace back to the MA 12
(the center line of the Bollinger Bands), a significant retracement has occurred, and it is a good time to enter for a long trade.
When the candlestick hits the lower band of the Bollinger Bands (MA 12, Dev 2), it indicates a downward momentum, and we prepare to go short. As prices retrace back to the MA12 (the center line of the Bollinger Bands), a significant retracement has occurred, and it is a good time to
enter for a short trade. This trend strategy exits at two different targets.
Buy
Find an up trend and draw trend line.
Wait for the price to hit the upper band of the first Bollinger Bands (MA 12, 2) and retrace back down to the center MA 12.
When the price touches MA 12, enter for a long.
When the trend line is broken to downward no longer buy.
The stop loss is the lower band of the second Bollinger Bands (MA 12, 4).
The trade will have three profit targets with risk to reward ratios of 1:1, 1:2. |
| Trend bouncer .with bollinger bands |
Sell
Wait for the price to hit the lower band of the fi rst Bollinger Bands (MA 12, Dev 2) and retrace back up to the center MA 12.
When the price touches MA 12, go for a short.
The stop loss is the upper band of the second Bollinger Bands (MA 12 Dev 4).
When the trend line is broken to downward no longer sell.
The trade will have three profi t targets with risk to reward ratios of 1:1, 1:2.
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Trend Bouncer with Bollinger Bands Quiz
Trend Bouncer with Bollinger Bands Quiz
More info for Trend Bouncer with Bollinger Bands ~ forex market times open:
Q: Which platform to use with this software?
BalasHapusA: You can use any trading platform! Yes, you can use MetaTrader 4, MetaTrader 5, TradeStation, NinjaTrader... because the software runs on dedicated computers and you only need a web browser to get the instant result online.
Q: How many currency pairs does Forex Trendy scan?
A: It scans 34 Forex pairs on 9 time frames from 1-minute to monthly. Together 34 pairs x 9 time frames = 306 charts.
Q: What method is used to determine the trend?
A: The trend reliability is determined by the "Trend Drawdown" - a method that uses no indicators, but pure price action. This method is explained in the ebook you will get in the subscription.
Q: Which configuration do I need?
A: Use the latest version of any major web browser (Internet Explorer, Firefox, Chrome, Safari, Opera...)
Q: Does it work on mobile devices?
A: Yes, it has been tested on several mobile devices and browsers.
Try it now:
http://www.forextrendy.com?laush394758
"I really like your idea of taking only the best trending pair and even time frame. I am very impressed with such a simple and effective approach. I am not a tech guy and I am amazed how it works online without anything to install... I just log in two times a day and check for any interesting pairs."
Stephen Ross, NY
"I use this software every day together with my own system and two EAs. I execute trades only when trend drawdown is below 15% so I decreased the trade frequency, but I got two times better results. I am also interested in pattern recognition, I haven't tried it yet, but it looks amazing!"
Julien Labonne, Florida, USA
"I would highly recommend this service to anyone serious about forex trading. Another one that gives back much more than he receives. The real value for such a low price is rare in the forex industry."
Sebastian, Germany
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