Super Band Moving Average Forex Trading Strategy

Currency traders can take serious advantage of buy/sell trading opportunities by deploying our Super Band Moving Average Forex trading strategy.

I promise I will take you through the entire process from start to finish, but it’ll be disastrous if you refuse to stick to our trade setups.

Nevertheless, the entire forex system encapsulate trend movement of a currency pair.

It also offers relative boundaries of peaks and troughs.

In order to make this strategy even more profitable, we will be using the best optimized settings of the selected technical indicators and maintain a disciplined approach.

Chart Setup

MetaTrader4 Indicators: band-moving-average.ex4 (Inputs Variable Modified; MA_Period=24, MA_Shift=1, Percentage=0.5), voltychannel-indicator.ex4 (Default Setting), volatility-hypertrend.ex4 (Inputs Variable Modified; ATRPeriods=28)

Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week

Recommended Trading Sessions: Any

Currency Pairs: Any pair

Download

Download the Super Band Moving Average Forex Trading Strategy

Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Enter a bullish trade if the following indicator or chart pattern gets put on display:

  1. If price opens & closes above the red middle line of the band-moving-average Metatrader 4 forex indicator (see Fig. 1.0), bulls are said to be driving price higher i.e. a trigger to go long on the designated currency pair.
  2. If the blue signal line of the voltychannel-indicator aligns itself somewhat below the price bars as depicted on Fig. 1.0, the overall market sentiment is said to be bullish, as such a buy alert will do.
  3. If the green line of the volatility-hypertrend custom indicator stays above its red line as illustrated on Fig. 1.0, price is said to be surging higher i.e. a buy order is appropriate.

Stop Loss for Buy Entry: Place stop loss below the most recent swing low price.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit from all trades if the following rules or conditions takes precedence:

  1. If price opens and closes below the red middle line of the band-moving-average indicator while a bullish trend is running (refer to Fig. 1.0), bulls power is said to be weaning, therefore it is apt to exit or take profit.
  2. If the voltychannel-indicator pops up a red signal line that sits above the candlesticks while a bullish trend is ongoing, it is indicative of a diminishing bullish trend, therefore an exit or take profit stance will suffice.
  3. If the green line of the volatility-hypertrend indicator crosses its blue line section during the course of a buy alert, a bearish reversal is said to be looming, hence a trigger to exit or take profit forthwith.

Sell Entry Rules

Go short if the following setups gets displayed successfully on the activity chart:

  1. If price opens & closes below the red middle line of the band-moving-average indicator (check Fig. 1.1), bears are said to be driving price lower i.e. a trigger to go short on the selected forex pair.
  2. If the red signal line of the voltychannel-indicator overlay itself slightly above the price bars as shown on Fig. 1.1, the general market sentiment is said to be bearish, therefore a sell signal is on the horizon.
  3. If the green line of the volatility-hypertrend custom indicator aligns below its blue line as seen on Fig. 1.1, price is said to be dipping lower, therefore a sell order is right.

Stop Loss for Sell Entry: Place stop loss above the most recent swing high price.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following takes center stage:

  1. If price opens and closes above the red middle line of the band-moving-average indicator while a bearish trend is ongoing, bears power is said to be halting, therefore it is apt to exit or take profit.
  2. If the voltychannel-indicator pops up a blue signal line that sits below the candlesticks while a bearish trend is running, it is indicative of a halting bearish trend, therefore an exit or take profit stance will do.
  3. If the green line of the volatility-hypertrend indicator crosses its red line section during the course of a sell alert (check Fig. 1.1), a bullish reversal is said to be imminent, hence a trigger to exit or take profit straightaway.

Sell Trade Example

Fig. 1.1

Free Download

Download the Super Band Moving Average Forex Trading Strategy

About The Trading Indicators

The band-moving-average.ex4 is a technical indicator that gauges market volatility.

The voltychannel-indicator.ex4 is a forex indicator built on the ATR and Moving Average indicator, thereby giving it ample flexibility to gauge support/resistance levels.

The volatility-hypertrend.ex4 indicator is a technical indicator that measures volatility and at the same time defines the trend.

It is a great indicator for scalping, swing and day trading purposes.

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