Forex Double BBand MACD 2Line Red Green System

Forex Red-Green System: Double BBand Stop trading with the MACD2Line filter. The BBands Stop indicator (Bollinger Bands Stop line) is a trend indicator. When the price is over the green curve, the trend is bullish or bearish if the price is below its red line.


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Bollinger bands period and deviation can be changed in settings.

The “MoneyRisk” setting is a parameter to widen the spread between the bands and the current price.

  • Time Frame: M15 or higher
  • Currency Pairs: Any

 

MetaTrader Trading indicators
  • BBand Stop Alert
  • BKMGC1
  • MACD2Line

 

BUY Rules


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  • BBand Stop Alert: Green color
  • BKMGC1: Green candle
  • MACD2Line:
    • Green histogram
    • Fast MA > Slow MA

 

SELL Rules

  • BBand Stop Alert: Green color
  • BKMGC1: Green candle
  • MACD2Line:
    • Green histogram
    • Fast MA > Slow MA

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