214# ADX Crossing with BB-alert strategy
ADX crossing with directional filter of Bollinger Bands
Trend reversal trading system
Submit by Alfonso 07/2017
ADX Crossing with BB-alert strategy is a trend momentum-strategy trend reversal for trading with binary options high/low or scalping/ swing with Renko chart. The direction of the trades is determined by BB-alert arrow.
Currency pairs: majors and Indices (Dax and S&P 500).
Time frame 5 min or higher.
Expiry time5-6 candles.
Box Size for trading with Renko chart is 3 pips or higher.
Metatrader Indicators
BB-alert arrow, signal gap 3,
ADX crossing 2.0 period 5.
Heiken Ashi,
MBFX Timing (confirm indicator).
Renko live chart (remember add dll import).
Trading Rules ADX Crossing with BB-alert strategy
Buy or Call
BB-alert indicator buy arrow.
ADX crossing 2.0 green dot.
Heiken Ashi green candle.
MBFX Timing green line.
Sell or Put
BB-alert indicator sell arrow.
ADX crossing 2.0 red dot.
Heiken Ashi red candle.
MBFX Timing red line.
Exit position with renko chart.
Initial stop loss 2 pips below/above at the previous swing.
Make profit with predetermined profit target (3 pips box size pt= 7-8 pips – 4 pips box size pt= 9-10 pips.).
In the pictures ADX Crossing with BB-alert strategy in action.
Share your opinion, can help everyone to understand the forex strategy.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
