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OandaFX the Bollinger Bands ea with special offer Bogie all

OandaFX the Bollinger Bands ea with special offer Bogie all
Click to enlarge
Price: $3
Availability: In Stock
Model: 101
Manufacturer: Missionforex
Average Rating: Not Rated

Bollinger Bands are probably one of the most famous and used indicator by every trader. It shows a sort of wave (“onda” in Italian) that helps you understand when a price can be considered “high” or “low”.

Despite the fact that this indicator is quite easy to read it’s not that easy to trade.

We just developed a simple but effective strategy that can be automated and that has proved to be consistently profitable on EURUSD.

That EA is OndaFX.

As you probably know Bollinger Bands is a technical analysis tool invented by John Bollinger in the 1980s. This volatility indicator is available on the vast majority of trading platforms, including MT4 of course. Bollinger Bands are made up of three lines:

  • a moving average in the centre
  • an upper band that tries to define when prices can be considered “high”
  • a lower band that tries to define when prices can be considered “low”

In order to make a profit in the markets we always do our best to “sell high” and “buy low”, hence an indicator that pretends to measure the “highness” or “lowness” of the price surely grabs our attention :-)

However blindly selling when price breaks above the upper BB and buying when price breaks below the lower BB is NOT a strategy that can be profitable on any financial instrument and any timeframe. As usual we must find our “sweet spot” where this strategy can work profitably. That means finding a financial instrument, timeframe, reasonable take profit and stop loss levels and some trading filters that in the end make up a complete and reliable trading strategy.

I’m going to describe some building blocks of  OndaFX, so you can understand and trade this strategy.

First of all the best currency for trading this strategy currently is EURUSD, probably because it is the most traded pair with a high “mean reversion” personality. Secondly focus on H1 charts only and evaluate trading signals only when a bar closes. If a H1 bar closes outside the BB, then you can enter a trade in the opposite direction and aim at 20-40 pips, like shown in the picture below:

mustaqim.org ,missionforex.com

As you can see we have 4 trades (1 short and 3 long): each of them is opened at the open of the candle “after” the signal and easily grabs 40 pips.

What You Get

  • OndaFX EA
  • Setting Files for each pair and timeframe we backtested successfully
  • An online manual with instructions
  • Bonus: HyperBB indicator (fully customizable Bollinger Bands)

for more info at:http://www.pimpmyea.com/ondafx/


 

special offer mustaqim.org missionforex.com fx indicator forex

Bogie all:

Bogie-ATC2007-1-set-2008-01-14

Bogie-NeuralNetwork-2-files

Bogie-NN-v8b_Set-Files

boogie_wackena

NeuralNetwork-1

etc:

Bogie-NeuralNetwork-2-files http://mustaqim.org


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