Toptahlil Bollinger Bands Forex Trading Strategy

Swing trading offer currency traders the benefit of skipping most of the noise associated with trading short time frames.

The Toptahlil forex trading strategy allows you make gain off the big moves made by big players in the market, hence why it is such a valuable trading strategy to own.

Chart Setup

MetaTrader4 Indicators: toptahlil_bollinger_and_atr_band.ex4 (default setting), TMA.ex4 (default setting)

Preferred Time Frame(s): 30-Minute, 1-Hour, 4-Hour, Day

Recommended Trading Sessions: Any

Currency Pairs: Any pair

Download

Download the Toptahlil Bollinger Bands Forex Trading Strategy

Buy Trade Example

Fig. 1.0

Strategy      

Long Entry Rules

Initiate a buy in the market if the following chart or indicator pattern gets displayed:

  1. If the bands of the toptahlil_bollinger_and_atr_band.ex4 custom indicator expands following a contraction, after which price is seen to bounce off the lower dotted blue of the indicator, from where it moves on to open and close above the green middle line (the TMA indicator).

If the pattern explained above takes shape on the activity chart, price is said to be pushed higher i.e. a clear trigger to go long on the instrument of interest.

Stop Loss for Buy Entry: Place stop loss 2 pips below immediate support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit on order(s) entered if the following holds true:

  1. If the bands of the toptahlil_bollinger_and_atr_band.ex4 custom indicator contracts and price is seen to bounce off the upper blue dotted line of the indicator, from where it is seen to decline to close below the green middle line of the TMA indicator, an exit or take profit is recommended.

Sell Entry Rules

Initiate a sell entry if the following rules or conditions takes precedence on the activity chart:

  1. If the bands of the toptahlil_bollinger_and_atr_band.ex4 custom indicator expands following a contraction, after which price is seen to bounce off the upper dotted blue of the indicator, from where it moves on to open and close below the green middle line (the TMA indicator).

If the aforementioned rules or conditions holds sway on the activity chart, it is an indication that price is being pressured to the downside, hence a clear trigger to go short on the instrument of focus.

Stop Loss for Sell Entry: Place stop loss 2 pips above immediate resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following chart or indicator pattern are on display:

  1. If the bands of the toptahlil_bollinger_and_atr_band.ex4 custom indicator contracts and price is seen to bounce off the lower blue dotted line of the indicator, from where it is seen to rise to close above the green middle line (the TMA indicator), an exit or take profit is recommended.

Sell Trade Example

Fig. 1.1

Free Download

Download the Toptahlil Bollinger Bands Forex Trading Strategy

About The Trading Indicators

The triangular moving average (also known to as the TMA) shares a lot of similarities with the moving averages, nevertheless, it is double smoothed i.e. it is averaged twice.

The toptahlil_bollinger_and_atr_band.ex4 is a custom indicator that combines both the Bollinger and ATR Bands all in a single chart window.

Having both indicators, it is able to measure volatility and changes in trend.

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