Bollinger Bands and Fractal trading strategy is simple MT4 trading system that uses two classical indicators. For Bollinger Bands and Fractal trading strategy you will need two classical indicators.

Bollinger Bands period 14 , deviations 2 and Fractal indicators.

You can easily Find these indicators in MetaTrader 4 platform, but we have included them in the download section just in case. Most recommended pair to use this strategy is GBPUSD 1H, but it can also be used on other main Forex pairs. Once you have prepared your MT4 for trading Bollinger Bands and Fractal trading strategy then you have to wait trading signals to open pending orders, it will be buy stop order or sell stop order.

Bollinger Bands and Fractal trading strategy signal example click to zoom in. The signal will be clearly visible.

When Fractal will appear above Bollinger Bands upper band place a buy stop pending order on candle high where the fractal formed. When Fractal will appear below Bollinger Bands lower band place a sell stop pending order on candle low where the fractal formed. Bollinger Bands and Fractal trading strategy order example click to zoom in.

Stop loss level should be set instantly after placing an order. Recommended stop loss level is the middle of the candle where the fractel formed. For example if stop loss is 30 pips then take profit will be the same, 30pips. Recommended trailing stop is 5 pips.

Bollinger Band Forex Scalping Strategy

You can set trailing stops easily for each order in MetaTader 4 like in the example. Bollinger Bands and Fractal trading strategy stop loss example click to zoom in.

Restart your Metatrader platform; 5. Adjust settings or press OK to add the two indicators to your selected chart;.

AtoZForex carry copyrights over this trading tool. Do you have a reliable indicator or EA? Would you like to share it with our users? We have some groundbreaking news about India Bitcoin regulation. Indian officials are positive about legalizing Bit Most people talk about Paypal buyer protection, however few will comment about why and how Paypal buyer protection Forex News Trading Strategy NEWS Fundamental Analysis and Economic Updates Technical Analysis Forex Tips Industry News Forex Regulator News Retail FX News Institutional FX News Guest Post DIRECTORY Forex Broker Search Broker Warnings Forex Regulators Broker promotions EDUCATION Forex Webinars Forex ebooks Forex Education Forex Glossary Forex Certificate TOOLS Trading indicators Fibonacci calculator Pip calculator Pivot Calculator Free forex signals EVENTS Pro-trader South Africa ABOUT Our team Advertise Contact us MORE Careers FORUM Forex Awards Forex Awards.

Log in Lost Password? Account Type Trader Broker Affiliate. Bollinger Bands and Fractal trading strategy preview click to zoom in.

Automatic MT4 supply and demand indicator. Best Buy stop Sell stop EAs.

Hughes Optioneering

India Bitcoin regulation news: Bitcoin will be legal in India We have some groundbreaking news about India Bitcoin regulation. PayPal buyer protection policy supports online scam Most people talk about Paypal buyer protection, however few will comment about why and how Paypal buyer protection Subscribe to AtoZ Forex exclusive updates! We use cookies to ensure you get the best experience on AtoZForex.