Robby DSS Forex Trading System with Multi BBand Stop Trend Filter [8914]

FREE DOWNLOAD “Robby DSS Forex Trading System with Multi BBand Stop Filter” – Trading with the trend is one of the easiest ways to make money out of the forex market.

This is a scalping strategy that works on a 5 to the 15-minute timeframe. It is applicable to all currency pairs. You can use this system during the London and New York session.

The concept behind this strategy is to use the BBand Stop as an indicator for trend direction.

To determine if the market is on an overextended condition we will be using the Robby DSS Forex custom indicator. This is a smooth oscillating indicator which determines turning points by plotting red and blue dots.

It also conveniently has an oversold and overbought marker on the 20 and 80 lines.

• Below the 20 would be considered an oversold market condition.
• Above the 80 would be an overbought market condition.

To determine our entry points, we will be looking for color changes on these areas that agree with the direction of the BBand Stop trend bias.

 

• Download “ForexWOT.Com-BBandStopRobbyDSS” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “ForexWOT.Com-BBandStopRobbyDSS.tpl” file (template) to your Metatrader Directory …/templates /
• Start or restart your Metatrader Client.
• Select Chart and Timeframe where you want to test your forex system.
• Right click on your trading chart and hover on “Template”.
• Move right to select “ForexWOT.Com-BBandStopRobbyDSS” trading  system and strategy
• You will see “Robby DSS Forex Trading System” is available on your Chart

 

• BBand Stop: Aqua lines.
• Robby DSS Forex: The Robby DSS should be on an oversold market condition. Enter a BUY market order on the close of the candle corresponding the color change of the Robby DSS indicator from red to blue.

 

• BBand Stop: Magenta lines
• Robby DSS Forex: The Robby DSS should be on an overbought market condition. Enter a SELL market order on the close of the candle corresponding the color change of the Robby DSS indicator from blue to red.

 

• Set the stop loss at the swing high above the entry candle
• Set the target take profit at 2x the risk on the stop loss or at the low of the prior swing low (sell) / at the high of the prior swing high (buy)