Free Forex Indicators (MT4), Trend Following Indicators
Bollinger & Starc Bands Signals
By Arun Lama
Published On
Bollinger & Starc Bands Signals is an ultimate edition of the greatest Forex indicator ‘the Bollinger Band’. As it has been combined with Starc Bands, it displays better in details of market depth and also plots market entry signals at the main chart window.
Bollinger & Starc Bands Signals can be a great fit for original Bollinger Band lovers. It is easy to read and apply. Besides, you’ll enjoy the freedom to use it for any currency pair chart and for any time frame chart around the market.
Once you are done with the installation of Bollinger & Starc Bands Signals indicator at your Forex mt4 platform, your trading chart should be appeared as the following image:
Bollinger & Starc Bands Signals
Bollinger & Starc Bands Signals have come up with the idea to create a better effective filter while testing the market momentum and defining possible market entry area within the momentum direction. Usually, price taking support from the mid or lower bands with an upward arrow at the chart is interpreted as the buy entry signal. On the other hand, price is resisted to go up from the upper or mid channel and a downward arrow is plotted at the same time means a sell entry signal right at the market price. Exit the trade whenever the indicator plots opposite direction signal of your trade entry.
Hold your position until price keeps closing above the mid channel
Exit long whenever a downward arrow is plotted
Bollinger & Starc Bands Signals: Sell Parameters
Bollinger & Starc Bands Signals Sell Parameters
Price is resisted to go up from the upper of mid bands
A downward arrow is plotted
Sell when the above conditions are met
Set stop loss above the mid or upper band levels
Hold your position until price keeps closing below the mid channel
Exit short whenever an upward arrow is plotted
Free Download Bollinger Starc Bands Signal
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Arun Lama
I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.
Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
