high probability trade setups. Bollinger Bands to identify high probability trade entry and potential exits for trading the FX market. The success behind this strategy requires a lot of patience until all the conditions are aligned in favor of the trader. Today, we look into the macd and Bollinger Bands Strategy and how to get it to work for us by providing us reliable buy/sell signals. All you need is to have your live account verified! 2 Brokers that we like A LOT!
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The main benefit of using this strategy is that the signal is not generated as soon as we sunday forex system penetrate the Bollinger bands, this way were eliminating a lot of the potential false breakout that the market is prone. This strategy basically works on any currency pair and on the 15-minute chart. Macd and Bollinger Bands Strategy Buy Setup. Macd and Bollinger Bands Strategy Sell Setup. Stop Loss in both cases 5 pips below/above the middle Bollinger Band. PRC_BB macd CCT indicator / /Nicolas @ m /Sharing ProRealTime knowledge /converted from MT4 version / - settings /FastLen 38 /SlowLen 120 /Length 20 /StDv.1 / - end of settings bbMacd avg averageLength,1(bbMacd) sDev stdLength(bbMacd upperBand avg(StDv*sDev lowerBand avg-(StDv*sDev) if bbMacd bbMacd1 then. Both Forex Brokers have excellent rating! In our first example, we can see that even though the upper band was penetrated the macd only confirmed the signal later on which give us a much better entry price and the timing was also perfect as soon as we got in the trade. Typically Bollinger Bands use a 20 period MA with a 2 standard deviation on both sides and they are used to project resistance above and support below.