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Bollinger Bands and EMA Trend Trading System

When the pair is in trend, either bull or bear, the middle line of the Bollinger band will point up or down accordingly. So in the trend market, we will be using retracement back to the center line for entries.

Time frame of 15 or higher.

Currency Pairs:all

Indicators:

Bollinger Bands (20, 3)

50 EMA

Buy Entry:

We enter as soon as the candle breaks the high and the price touches (or nearly touches) the center line and is > of EMA 50.
 

Sell entry:

We enter when the candle breaks the low of the previous bar and the price touches (or almost touches) the center line and is < of EMA 50.
 

Exit position:

1) Stops are placed 5 pips behind the middle line of Bollinger Bonds

2) Trailing Stop;

3) Profit Target: 4H Time Frame: 60 pips EUR/USD, 70 pips GBP/USD , for Daily time Frame: 200pips EUR/USD , 250 pips GBP/USD (recommended);

4) When the price touches the upper or lower bollinger band.

Bollinger and ema trading system