FREE FOREX STRATEGIES

#1 Slow Stochastic + BBands Stop MT4 custom indicator


Trading setup

Currency pair: any
Time frame: any
Indicators: Slow Stochastic (5 ,3, 3)
BBands_Stop (also known as TopTrend indicator) default settings (20, 2)

BBands_Stop indicator can be your helping hand in confirming a trend, identifying trend change and setting stops.
Its appearance is pretty much self explanatory.

What should be added is that BBands_Stop if used alone won’t be able to save traders from losing in the Forex market. While it performs outstandingly well during good trends, it faces a fiasco during sideways channeling market.

The settings for BBands_Stop indicator could be changed to fit any particular favourite currency pair and a time frame.

When to use Stochastic? It becomes extremely easy to see which Stochastic lines cross can help with entries or re-entries after retracements: if BBands_Stop suggests an Uptrend – we need a Stochastic cross at the bottom. Opposite for downtrend.

Trading Forex with BBands_Stop/TopTrend custom indicator for Metatrader4

If your previous Forex system lacked additional trend confirmation or a logical level to place your stop at, see how BBands_Stop indicator may improve your Forex trading.

Attachments:

BBands_Stop_v1.zip
TOPTREND.zip


http://forex-strategies-revealed.com/

hi I have downloaded the above 2 files, and put the files onto the path
C:\Program Files\FXDD - MetaTrader 4\experts\indicators.
What next, pls can you guide me, as me pretty new in FX.

Drop an email to tuteee[at]hotmail.com

Hi,

Now open the platform, from the menu above choose "Insert", "Indicators", "Custom" -> find your indicator there.

Regards,
Edward

hello,u dnt tell us hw to use this.can u pls explain something

Oh, sorry. I'll fix it.
I thought it doesn't need further interpretation. My fault.

Here is a screen shot with comments on it.
Please let me know if there is anything else to clarify.

Bbands stop strategies explained

What I also want to add is, that traders should not look at Bbands Stop indicator as as their only adviser to entries and exits. You'll soon find out that relying solely on indicator signals would not deliver desired profit results unless a strong trend is in place.

This doesn't mean, however, that indicator is useless. It works perfectly well for the purposed described above: stop trailing, trend confirmation and additional re-entry opportunities, while profit targets and initial early entries should be defined by other trading tools.

Regards,
Edward

any how, ur strategies really tried. but u ve got to improve nd i got a better one also it will later revealed one day
tanx.
WALAT 4RM NIGER

Your technique helped me to make better mine. Thanks

Great! That's exactly what I aim for!
I'll keep posting other useful MT4 indicators and MT4 based Forex systems.

Regards,
Edward

Hello Edward and all team
I have been used this system with 5 minute timeframe chart with GBPUSD and EURUSD and results are good, I made in one week 100 pips with several lots per operation and just a few loses with small pips as stop orders.
This strategy works well until now as scalping system
I usually take 5 to 20 pips per every operation.
Regards,
Javier