Bollinger Bands with 200 EMA

Hello Community,

I put together this strategy with a few changes like adding TrailingStop and TDI (1Day) to get the trend.

Bollinger Bands with 200 EMA is a strategy for trading with short time frame 15 min or 5 min then is a trading system for scalping or intraday trading.Setup TemplateTime Frame 5 min or 15 min.

Currency pairs: EUR/USD, GBO/USD, USD/JPY.

Bollinger Bands (20, 2)

Exponential moving average (EMA) 200 period, close.

Stochastic oscillator 5, 3,3, close, with level (80 and 20)

Trading Rules 

Bollinger Bands with 200 EMA

Conditions for trading

for Buy

EMA 200 below middle line of Bollinger bands.

Stochstic oscillator above 80

for Sell

EMA 200 above middle line of Bollinger bands.

Stochstic oscillator below 20.

Trading Sessions:London and New York.
Long Entry

The candle close above the upper band of BB.

EMA 200 below middle line of BB.

Stochastic Above 80 levels.
Short entry

The candle close below the lower band of BB.

EMA 200 above middle line of BB.

Stochastic below 20 levels.
Exit position

5 min time frame Profit Target 8 pips EUR/USD, 9 pips USD/JPY, 10 pips /GBP/USD.

15 min time frame Profit Target 10 pips EUR/USD, 12 pips USD/JPY, 15 pips /GBP/USD.

Place stop loss below/above the midlle line of Bollinger Bands.

See examples of trading in the pictures.

EURUSD_1000USD_StochasticK1_IdentifyTrend_M....set