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Home » Follow The Bouncing Pip Strategy

Follow The Bouncing Pip Strategy

by Nathan Posted in Forex Strategies

Since MetaTrader is the most common program I am going to explain this system on this platform. The indicators provided here work on MetaTrader 4 platform.

You have to copy indicators to “indicators” folder and template files to “template folder”.
For example:
Indicators go to “C:\mt4\experts\indicators” folder and templates go to “C:\mt4\templates”.

Follow The Bouncing Pip Trading Strategy:

Now let’s move on to our trading method. You can use this strategy on any pair. I will be explaining this strategy on GBP/USD charts. We are going to open three GBP/USD charts and apply the template to all three of them. After doing this set first chart time frame to 4hours, second chart to 1hour and third chart to 30mins.

We will be looking for an (red-blue) arrow to appear on 4hours chart first. We will be waiting for the same type of arrow appear on 1hour and 30mins next, when all 3 arrow point the same, go in that direction. Place your stop according to your risk appetite. I use at 75 pips on 4hours and 30pips on 1hour depending on which pair you use and your risk appetite, you can set your goals. Your trade will go until you hit your goal or the next bounce with an arrow.

Now I will show you a buy example. Check the green arrow on the charts, that is our entry (buy) signal.

Follow-The-Bouncing-Pip

 

We see the green arrow on 4hours chart, now waiting for a green arrow to appear on 1 hour chart.

Follow-The-Bouncing-Pip-Forex-Strategy

 

Now we see the green arrow on 1hour chart as well. For the last confirmation we need a green arrow on 30mins chart.Follow-The-Bouncing-Pip-Arrow-Signal

Here it comes. Now we are entering (buying).
Now a sell example:

Follow-The-Bouncing-Pip-sell-signal

As you can see, there is a red arrow on the upper right corner of the chart. Again we are waiting for red arrows to appear on our smaller frame charts.Follow-The-Bouncing-Pip-Arrow-Signal

Here it comes. Now we need the last arrow to confirm the signal and open the position.

Follow-The-Bouncing-Pip-Enter-Trade

 

Download Follow The Bouncing Pip Forex Strategy Indicators and templates
Download Include:

  • bearsftc.tpl
  • strategy1.tpl
  • NonLagZigZag_v2.ex4
  • ZigZag_Pointer_alert.ex4
  • #Signal_Bars_v9 .ex4

Filed Under: Forex Strategies Tagged With: Bouncing Pip Forex strategy, Download Follow the Bouncing Pip, Follow Bouncing Pip strategy, Follow The Bouncing Pip, Forex Strategy

← Previous Compass Forex Strategy – Six MT4 Indicators Based Strategy
Next How To Choose a Forex Broker Guide →

Comments

  1. Mohamed Badawy says

    January 22, 2014 at 6:04 pm

    this one looks nice

  2. wawa says

    March 19, 2014 at 12:03 am

    does the arrow repaint?

  3. Kuldip SB says

    May 23, 2014 at 2:10 pm

    The arrows repaint so you need to look to buy/sell at breaks of last resistance/support.

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