BBMA Forex Strategy ~ forex trading tips youtube
BBMA or Bolinger Band + Moving Average forex system is a pretty popular strategy these days. Many traders use this strategy and they find it’s quite helpful to predict the price movements. Mainly to predict the big trend and find where and to where prices will move.
This forex strategy can be used on any time frame but It’s recommended used on timeframe H4 and H1 to know the big trend anda use M15 for make entry decision. On pair EURUSD, GBPUSD or USDCHF.
Setup the Indicators on your chart
- Add Bolinger Band Period 20, Deviation 2
- Add Bolinger Band Period 20, Deviation 1
- Add Moving Average Period 5, MA method : Linear Weighted, Color : RED, Apply to : High
- Add Moving Average Period 5, MA method : Linear Weighted, Color : PURPLE, Apply to : Low
- Add Moving Average Period 55, MA method : Expotinential, Color : Aqua, Apply to : Close
How to trade
Determine the big trend by looking the Moving Average (MA 55) on timeframe H4 and H1, look if the candle prices is below candlestick or above. If theyre below of MA 55 then we are going to find any chance to sell on TF M15. And vice versa if theyre above of MA 55 then were going to find any chance to buy on TF M15.
In time frame M15 the best signal for entry when the candlestick touch upper or lower bollingger band, Especially when you see good signs for candel reverse like doji or long shadow.
It’s very recommended to use this forex strategy using your demo account until you familiar with it at least 3 months. After that you can go with your live account. Happy trading…!
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