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Bollinger Bands and MA trading system. (BMA)

This thread is affected by BK8 system. association. But it's different, and the way I approach threading is different. OP BK8 wants this post to be all about his system. A lot of OPs do this. I totally respect that, as I've seen a lot of threads "hijacked" by people talking about completely different systems. But if you take a very strict route, you'll miss out on some good ideas. So - in this thread we discuss the BMA system which I describe below. But you are more than welcome to try all timeframes, use it in different ways and introduce fusion indicators. The goal is to build a system that will generate substantial profits. Just remember what the basics are.

Of course, if someone tries to hijack the thread, you'll be kicked out. Same goes if people can't show it. I mean it and I will do it.

When the thread starts, we use SMA5. But it sends a lot of bad signals. So the strategy now only uses EMA50. The thing about EMA50 is that it is trending (other values ​​can be used). So, using this strategy, you can find bounces from the trend, and that's what really matters, and that's what this strategy is all about.

There are three indicators in this system, all of which are mandatory indicators.

1. Bollinger.
2. EMA50 - trend line.
3. 14.3.3 Random variables.

Time range(TF)
I usually use it every day. The most stable. But if anyone wants to try it on a different time frame - more than welcome. Let's hear your results.
But - I recently opened a PROP account and want 1 transaction per day. This is unlikely to happen on a daily basis, so I use the M30. It's going well.

Instrumentation <br> I use 28 common forex pairs. Please note that this is the Forex Factory and this is what we trade. You can of course trade any way you like, but we are only referring to Forex in this thread.

Strategy - Buy trade. The opposite is true for short trades.

1. The price reached the lower Bollinger Bands border and is currently rising.
2. The last bar closed above EMA50. If the bar is a bit short, wait for the next bar to give confirmation.
3. Stop Loss (SL) is placed at Bollinger Bands or the last swing low.

When will it not work?

1. EMA50 must cross within 3 - 5 bars of crossing Bollinger Bands. Otherwise look for another deal.
2. in a ranging environment (unless you are very experienced). A good strong trend is necessary.

Exiting is not part of the strategy. Let's hear how you do it.

My charts have black backgrounds because I work a lot at night.

Robot BolloingerMA_5
Watch post#84 for the latest version. The robot will not trade for you, but it will provide you with signals.

OP kept the first 9 posts for further explanation and examples.
Update: This is not a good idea. Strategies change as we deal with it, and that's the point of this topic. But now I'm not allowed to edit these posts from 2 to 9 - nor am I allowed to delete any posts.
So please note that even though I still think these texts are relevant, some of them are no longer part of the policy. Sorry for the confusion.