Forex Multiple BBands Stop Trading With SEFC Bull Brear (How to Identify Trend in Forex Trading)

Forex Trend Analysis – High Frofit Forex Multiple BBands Stop Trading System and Strategy With SEFC Bull Brear (How to Identify Trend in Forex Trading). You must be able to identify forex trends if you are going to trade the forex market.

BBands Stop Indicator – This custom version of Bollinger Band indicator is far simpler to trade with comparing to its original.

Using this indicator you will easily get to know in which trend type is the market and opening position is fairly easy following few simple rules.

This indicator clearly shows which trend I’m dealing with. When the YELLOW line is above the price – it’s a downtrend, when the candles are above the GREEN line – it is uptrend.

 

Forex Multiple BBands Stop Trading Rules

 

Forex Multiple BBands Stop Trading System is trend following strategy. SEFC Bull and Bear indicator is a repaint indicator but the other indicatrs used not repaint.

• Best Time Frame : 30 min or higher
• Recommended Currency Pairs : GBPUSD, EURUSD, USDJPY (All Major Pairs)

 

Meta Trader Trading Indicators

• BBands Stop alert (8, deviation 2)
• BBands Stop alert (21, deviation 2)
• RSI (14)
• CCI (14)
• Signal Trend
• SEFC Bull and BEARS (20 periods) with RSX 21 and Stochastic indicator (111,3,3, close smoothed)
• SEFC 05;
• SEFC 10;

 

BUY Rules

• When you see a BUY arrow (BBands Stop (21 or 8)), confirm the following before you place a trade
  • BBands Stop 21 and BBands Stop 8 green color below the price
  • White support line (SEFC 05)
  • Blue MA above Red MA with increasing Histogram (green, SEFC 10)
  • SEFC Bull and Bears indicator aqua histogram
  • Stochastic indicator green line above RSX indicator in the same window of SEFX Bull and Bears indicator
  • RSI (14) upward above 50 level
  • CCI (14) line upward above 0.00  level
  • Signal Trend green bars

 

SELL Rules

• When you see a SELL arrow (BBands Stop (21 or 8)), confirm the following before you place a trade
  • BBands Stop 21 and BBands Stop 8 yellow color above the price
  • Yellow support line (SEFC 05)
  • Red MA above blue MA with increasing Histogram (red, SEFC 10)
  • SEFC Bull and Bears indicator magenta histogram
  • Stochastic indicator green line below RSX indicator in the same window of SEFX Bull and Bears indicator
  • RSI (14) downward below 50 level
  • CCI (14) line downward below 0.00  level
  • Signal Trend red bars

 

EXIT Rules and Positions

• Place your stop loss below ir above the previous swing High/Low
• Take profit: ratio 1:2 or 1:3 stop loss

Forex Multiple BBands Stop Trading With SEFC Bull Brear, this is the simplest and the most reliable way to trade the market.