Forex Trading Strategy Bollinger Bands and Multi Zig Zag – How to Use Bollinger Bands Effectively (BBZZ)

FREE DOWNLOAD Best Forex Trading Strategy Bollinger Bands and Multi Zig Zag – This is a trading system based on the Bollinger Bands, CCI, Stochastic Oscillator, and Multi Zig Zag. But it can also be considered a price action forex system.

 
This Forex Trading Strategy Bollinger Bands and Multi Zig Zag works good also on time frame expire: 24H, Weekly and Montly. In the examples I show how the strategy works in the H1 time frame.

Markets :any.

Indicators :

Multi ZigZag
CCI indicator (14) with levels 90 and -90
Stochastic 11-5-5
Bollinger bands (20, 3) and (20,2)

BUY Entry

 

Conditions:

• Price touch or close the bottom Bollinger bands indicator;
• Multi Zig Zag meet together on the same candle;
• CCI indicator get over -90 level;
• Stochastic indicator crossed and pointing up.
• Entry when price closed into Bollinger Bands (20.2 ) at open next bar.

SELL Entry

Conditions:

• Price touch or close the bottom Bolllinger bands indicator;
• Multi Zig Zag meet together on the same candle;
• CCI indicator get over 90 level;
• Stochastic indicator crossed and pointing down.

Entry when price closed into Bollinger Bands (20.2 ) at open next bar.
NOTE:

• Do not trade if you are emotional or have any drama since these issues may interfere with your decision making.
• Do not trade when you are tired, sleepy, hungry, upset, angry, or not feeling well.
• Not every day is a trading day. If you trade the Asian session in the evenings, sometimes it is volatile and choppy.