Bollinger Bands, Pin Bar and Real MACD Trading System

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Bollinger Bands, Pin Bar and Real MACD Trading System
by Joy22 06/04/2011
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Time Frame's: H4 and Daily chart and above
Currency Pairs: any
Trading Indicators: Bollinger Bands set to standard period 20 Deviations 2
Pattern: Pin Bar >> Pin Bar

Long Entry Position:

1) the price pair to be trading in the vicinity of the lower Bollinger Bands.
2) The appearance of a bullish pin bar will confirm a buy trade when Real MACD is green;


Short Entry Position:

1) the price pair to be trading in the vicinity of the Upper Bollinger Bands.
2) The appearance of a bearish pin bar will confirm a buy trade when Real MACD is red;

Exit Position:

1)stops are placed 5 pips behind the low or High of the pin bar.;
2) trailing Stop;
3) profit target: 60 pips EUR/USD, 70 pips GBP/USD 4H Time Frame, for Daily time frame 200pips EUR/USD , 250 pips GBP/USD (recommended);
4) When the price touches the middle band.



In the pictures below Bollinger Bands, Pin Bar and Real MACD Trading System in action.

 

[Santas]

Great strategy I love this so much I think it will work well for me ooo

 

[Lee Gee]

Where can I get this system? I want to upgrade my skills.

 

[AsdrubaHS]

Looks really nice..Thanks for share...testing right now

I will give you my opinion in a few days ... greetings

 

[selected]

Great strategy I love this so much I think it will work well for me twoo

 

[vinicsou]

Great strategy I love this so much I think it will work well for me too

 

[ndrs]

Congrats, looks appealing, will set it up shortly and start testing it.

 

[Trader383]

Seems nice, thanks for sharing
will definitely test it