this is a very simple technique and anyone can use it..basic my understanding is to look at market trends from daily trends and the entry execution with signals from SMA only
the thing we need to need is
sma6 (blue)
sma12 (orange)
sma24 (green)
bolinger band 24 with deviations 2 and 3 (green)
if it's ruled it's very easy :
we use it to see the daily trend
we use bolinger bands as upper and lower limits or as our standard deviation
for sma6 and sma12 is the determinant of our entry
buy:
when sma6 cuts sma12 from the bottom and the candle position is above the two sma
and this condition is above sma24
so we buy only when the trend rises
sell:
when sm6 cuts sma12 from top to bottom and the candle position is below the two sma
and the condition was below sma24
so we sell when the trend drops
BB usability here is our limit when the candle touches on BB2, the sign is that the price has begun to saturate, it can turn to the middle BB if the trend is strong and the candle penetrates to BB 3 and there is certain that the price will go towards the middle BB
so here we can determine our take profit at BB2 or 3 area or if we find a reversal candle on both BB levels ... and for stop losses it can be below or above SM12 depending on our calculation
warning:
this technique should avoid high impact news2 markets and candle positions in the middle bb but if it is in bb3 the price reversal is likely to be quite significant with high impact news.
and do not enter the market sideway.
thank you, hopefully this technique can be very helpful for everything
Linkback: https://www.forex.zone/trading-systems/10/trading-with-bbma/1234/