Bollinger Bands with AMS Pro Strategy For MT4

Bollinger Bands with AMS Pro Strategy For MT4

Table Of Contents:

  1. Bollinger Bands with AMS Pro Strategy For MT4
  2. Long trade setup
  3. Short trade setup
  4. Managing the trades


Please note: This strategy was publicly published in the trading community and is free to use. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Therefore, we are mainly explaining the components and rules of the strategy. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy.


The Bollinger Bands with AMS Pro Strategy For MT4 shows us how the moving average can sync with the Bollinger band to filter the classic setups. In the past, no fancy indicator was used by professionals. They used to rely on complicated settings just to take the trades most quietly.

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Support, resistance, trend line tool, channel, the Fibonacci ratio was the main tools in their strategy. But this system is way more advanced and it provides quality trade setups to the retail traders at any instant. Better Bollinger Bands, AMS Binary Pro, WPR, and Moving Average LVMA 3 period is used as the prime tools. But the secret of this system lies within the glowing doji. Some of the retail traders might be familiar with the concept of the glowing doji if not, we will cover the details.

Since this system is mostly used by the professionals, it is often called as the intraday trading method. Usually, traders prefer to trade in the lower chart (excluding minute 1 and minute 5) so that they can find more trade setups. Finding more trades is not overtrading provided that you maintain the quality.

This trading method is curated in a way so that the traders can fine-tune the setups and trade with low-risk exposure. But be aware, taking a high risk and trying to gain a significant amount of profit might result in a big loss. You must learn to trade the market with low-risk exposure so that you can withstand a few losses. Let’s learn to trade with this method.

Long trade setup




For the long order, the first thing we need to find is the strong bounce. The price will break above the resistance level and form a nice new high. The new high is the symbol that tells us the price not ready to fall furthermore and we should be expecting a bullish rally.

Notice the yellow color moving average in the Bollinger band and you should see a glowing doji at that level after the establishment of the new high. The glowing green doji tells us the price will strong rebound after testing the support of the Bollinger band.

The aggressive traders can set the pending buy order at the Bollinger band support with 20 pips stop. But those who want to exercise more power and increase the lot, need to rely on the price action signals. The price action signals will be formed at the Bollinger band support and you can have your long order.

Never assume, knowing the price action trading method will make this system invincible. You have to determine the risk level and take the trade by knowing the key elements of the market. For instance, you should not trade during the ECB press conference or the FOMC meeting minutes.

As the volatility of the price is extreme, it can cause massive trouble and you might lose most of the money. Wait for the market to stabilize and take the trade when you have everything under control. Let the market digest the heat of the news.

Short trade setup




The market will reject a resistance level and make a new low. But we won’t take the trade when the rejection takes place for the first time. Just like the buy order, we need a glowing doji that overlaps with the yellow moving average. The glowing doji is the best thing about this system as it gives a trader extreme confidence that the price will most likely to reverse.

When you spot the glowing doji in the chart, it’s time to take the short trade. At times, you may experience consolidation in the price right after the glowing doji is formed. The consolidation in the price tells us the market is still trying to decide whether it will go up or down. In such a case, taking help from the fundamental data can be a great advantage and you can improve efficiency.

However, learning to embed the fundamental data with technical data is a very challenging task. In most cases, the traders will fail to deal with the complicated nature of the market as they will fail to earn more money. But closely look at the chart, and you will notice the price will form a bearish pattern before it breaks the consolidated zone.

So, those who have strong skills in the price action pattern will have a strong advantage in identifying the major breakout when the market is not yet ready for the sharp movement. All these parameters might seem new, but you do they have the paper trading account.

Use this template and try to earn money in the paper trading account and develop your trade management skills. Remember, you won’t be able to secure profit unless you master the trade management technique. Let’s learn more about the trade management technique.

Managing the trades


Managing trades like an expert requires some special skills. Most people don’t want to admit they have to go through vigorous mental training just to learn the method of accepting the losses. Strong mental agility allows the traders to earn more money and make them more confident about the trade setup.

But if you take a look at the elite traders, you will notice, they usually risk less than 1%. The only reason to risk less than 1% is the safety of the capital. You can stay calm when you lose 1% of the balance but if it 10%, you will become aggressive to recover the loss. This is not the way you should deal with the market.

Since the usual SL is around 20 pips, adjust the volume of the trade-in such a way so that the overall risk exposure doesn’t exceed 1%. Some of you may think risking 2% is enough. But remember, this system is an intraday trading method.

You can easily take 2-3 trades per day. So, risking more than 1% can impose a great risk and you may not feel comfortable with the risked amount. Trading is not about how much money you are making rather it’s how well you are earning your profit. If the stress is too high, the system is not synced with your personality.

Download the complete system description and the files here:

FREE Bollinger Bands with AMS Pro Strategy

Download the FREE Bollinger Bands with AMS Pro Strategy for MT4.

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