You can now download the Blue Bollinger Band Forex Trading Strategy for free on AtoZ Markets indicators gallery.
This trading strategy is based only in 2 Bollinger bands indicators after the opening of the first position using a grid of orders in case the price has gone in the wrong direction. This is applicable to any currency pairs. It works best in 15, 30 and 60-minute timeframe. You can use this at any market session.
Forex Indicators:
- Bollinger bands (100, 2);
- Bollinger Bands (100, 3).
How to trade with Blue Bollinger Band Forex Trading Strategy?
Long Entry
- The price must touch off the lower boundary of the blue Bollinger.
- Open a buy position with target profit points and without stop loss.
- After every 30 pips (depends by currency pair ) below the entry point of exhibiting the pending orders to buy without stop-loss with martingale 1.5.
- Close the orders when gaining.
Short Entry
- The price must touch off the upper boundary of the blue Bollinger.
- Open a sell position with target profit points and without stop-loss.
- After every 30 pips (depends by currency pair ) above the entry point of exhibiting the pending orders to sell without stop-loss with martingale 1.5.
- Close the orders when gaining.
How to download and install an indicator?
In order to install the indicator on your MT4 platform, you need to follow these steps:
- Click on the “Download Indicator” button located at the bottom of the screen.
- Save the file to your computer.
- Extract and move the files into MT4>Indicator folder of the MetaTrader4 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- And select the “Blue Bollinger Band Forex Trading Strategy” template to apply it on the chart.
Note: This indicator was developed by T. Morris. AtoZ Markets does not carry any copyrights over this trading tool.
