Forex & Stocks “ADX-Bollinger Bands” Momentum Trading Strategy

“ADX-Bollinger Bands” Momentum Trading Strategy -Momentum trading strategy is one of the best intraday trading strategies that beginner intraday trading strategies should follow. This is a great intraday trading strategy with a high chance of success.

Momentum trading is strictly a technical trading strategy. Unlike fundamental or value traders, Momentum traders apply technical indicators to the analysis of a security in order to identify trends and gauge the strength of the trend. in other words, to determine the level of price momentum in the market.

Momentum trading is strictly a technical trading strategy. Unlike fundamental or value traders, Momentum traders apply technical indicators to the analysis of a security in order to identify trends and gauge the strength of the trend. in other words, to determine the level of price momentum in the market.

For example, in this strategy we use Bollinger Bands, (10-period) RSI, and (10-period) ADX indicators.

• Download “ForexWOT-ADXmomentumTrading” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “ForexWOT-ADXmomentumTrading.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-ADXmomentumTrading” trading system and strategy.
• You will see the “ADX-Bollinger Bands momentum System” is available on your Chart.

• 1st. Price Break above the upper Band
• 2nd. 10-period RSI upward and above 50
• 3rd. 10-period ADX upward and above 25

A stop-loss can be placed a few pips below the swing low.

• 1st. Price Break below the lower Band
• 2nd. 10-period RSI downward and below 50
• 3rd. 10-period ADX upward and above 25

A stop-loss can be placed a few pips above the swing high.

Intraday Trading Strategy is a fast-paced and intense activity in which traders who make the right decisions can make significant profits in a short period. There are losers, of course, and one thing to keep in mind is that intraday trading can be exciting.