8# Range Market Trading System

Submit by Radical 06/04/2012

 

Time Frame 30min .

Currency pairs:any,

Indicators: Bollinger Bands (20,2)

ADX (14)

 

When The Bollinger Bands formed a orizzontal channel confirmed by ADX < 27 Set pending orders 15 pips above or below the Bollinger Bands.

 

Stop Loss on the middle band.

Profit Target ratio: 1:1.5 or 1:1 (if Stop loss is 12 pips profit target is 18 pips or 12).

 

Share your opinion, can help everyone to understand the forex strategy.

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