15Min Bollinger System | Foreign Exchange EA Download- MT4/MT5 Resources
Hello,
Put on a 15 minute chart:
Bollinger Bands, 20SMA and 1 standard deviation
160 SMA – used to simulate the 10 SMA on the 4 hour chart
RSI, 14 and BB(20, 2) and 5EMA and 8EMA
Draw a trendline based on the slope of the SMA
short--
Price crosses below Bollinger Bands near the top of the trend line (if showing a downtrend)
vice versa
RSI is used to confirm when both EMAs cross below the midline of Bollinger Bands
Set your stop loss 20 to 30 pips above the upper trendline (if a downtrend is showing)
TP is 40, 50 or 60, if HOTTT let it run!
Put on a 15 minute chart:
Bollinger Bands, 20SMA and 1 standard deviation
160 SMA – used to simulate the 10 SMA on the 4 hour chart
RSI, 14 and BB(20, 2) and 5EMA and 8EMA
Draw a trendline based on the slope of the SMA
short--
Price crosses below Bollinger Bands near the top of the trend line (if showing a downtrend)
vice versa
RSI is used to confirm when both EMAs cross below the midline of Bollinger Bands
Set your stop loss 20 to 30 pips above the upper trendline (if a downtrend is showing)
TP is 40, 50 or 60, if HOTTT let it run!
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