BB, MACD, MA indicator trading strategy
Recommended timeframes M15
The strategy described below is quite a simple strategy based on indicators. Three simple indicators installed in all standard MT4 terminals underlie this strategy. It is applicable to all major currency pairs, such as EUR/USD, GBP/USD, AUD/USD, CAD/USD, NZD/USD, and USD/JPY. The time-frame used: M15.
Underlying indicators:
Bollinger bands (Period 20, Shift 0, Deviation 2)
Smoothed moving average (Period 2, Shift 0)
MACD indicator (Fast EMA 11, Slow EMA 27, MACD SMA 4)
Conditions for opening Buy trades:
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The moving average (displayed in orange in the pictures) crosses from below the middle line of Bollinger Bands (displayed in green).
The MACD histogram is below the line.
Conditions for opening Sell trades:
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The moving average (displayed in orange in the pictures) crosses from above the middle line of Bollinger Bands (displayed in green).
The MACD histogram is above the line.
Conditions for closing trades:
Stop Loss at the distance of 12-16 points (depends on the type of pair)
Take Profit near pivot points, normally at the distance of 10-15 points from the