BB Macd Nrp With Alerts

BB Macd Nrp is a momentum trading system that gives trading signals according to the recent strength of price trends. It s based on the idea that there is enough force behind the price movement and it will continue to move in the same direction. This system is based on MACD, which is a trend-following and momentum indicator. and Bollinger Bands, which gives an indication of current and historical volatility. Let’s try to understand the working of this system through a few examples.

BB Macd Nrp With Alerts Overview

BB MACD NRP with Alerts

MACD is based on moving averages of the price data. It shows the relationship between two moving averages, short-term, and long-term moving averages. If the difference between both of the moving averages is positive then macd line moves above zero which is an indication of the uptrend in the market. if the difference between both of the moving averages is negative then macd line moves below zero which is an indication of the downtrend in the market.

BB Macd Nrp With Alerts Anatomy

BB MACD NRP with Alerts Anatomy

Bollinger bands are envelops plotted at standard deviation level, above and below a simple moving average of Simple moving average.10-period moving average with 1 standard deviation level is used in BB Macd Nrp trading system. Bollinger bands work as a filter in this trading system and protect traders from doing wrong trades. Traders should look for a breakout from the upper bands for long trades and a breakdown from lower bands for short trades.

Also Read: RoboForex Review – Get $30 Welcome Bonus

BB Macd Nrp With Alerts : Buy conditions

BB MACD NRP with Alerts Buy
  • MACD line is above the zero line.
  • The slope of MACD should be up.
  • MACD line should give a breakout from the upper band.
  • Traders should hold the trade till the time MACD does not give close inside the band

BB Macd Nrp With Alerts : Sell conditions

BB MACD NRP with Alerts Sell
  • MACD line is above the zero line.
  • The slope of MACD should be down.
  • MACD line should give a breakdown from the lower band.
  • Traders should hold the trade till the time MACD like does not give close inside the bands.

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I have been actively trading stocks and currencies since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund which has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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