Bollinger Bands + Moving Average (BBMA Oma Ally)

2021년 8월 6일

Found this strategy in babypips forums.babypips.com/t/bollinger-bands-moving-average-bbma-oma-ally-forex-trading-technique/136067

This strategy using BB and MA

BBMA Oma Ally Trading Technique
I’m just sharing this Forex Technique that helping me making positive result.

In BBMA, BB (Bollinger Bands) act as Dynamic Support and Resistance.

SETTING OF BBMA - BOLLINGER BANDS
Period : 20
Deviations : 2
Shift : 0
Apply to : Close
Style : Dodge Blue

MA (Moving Average) are used to detect potential entry point.

SETTING OF BBMA - MOVING AVERAGE

Ma5 Hi
Period : 5
Ma Method : Linear Weighted
Apply to : High
Style : Red

Ma10 Hi
Period : 10
Ma Method : Linear Weighted
Apply to : High
Style : Yellow

Ma5 Low
Period : 5
Ma Method : Linear Weighted
Apply to : Low
Style : Magenta

Ma10 Low
Period : 10
Ma Method : Linear Weighted
Apply to : Low
Style : White

Ma50
Period : 50
Ma Method : Exponential
Apply to : Close
Style : Lime

.

EXTREM (SIGNAL)
Extrem is an early signal to say the Market journey is beginning to end - but not yet confirmed
Will only confirm when there is a reversal candle.
Extrem is not valid when there is a CS momentum, although Ma outside BB.

CHARACTERISTICS OF EXTREM
Ma out of Top / Low BB (will not valid if there is cs momentum, although Ma is outside BB)
Reverse candle must exist, as it indicates the journey of a Market is ending (not necessarily 1 or 2 cs)
Retest candle (entry point)
Entry at Highest or Lowest volume
Entry retest candle at Ma5 or body candle

MHV (LOSS VOLUME MARKET) (SETUP)
It is a setup for the beginning of long distance Market journey
This setup gives a validation for the Extrem signal earlier
It is to show the loss of strength for the market.
MHV is valid once CSA (direction candle) appear
***If the candle close NOT above or below Top / Low BB after the first Reentry, after MHV there is a directional candlestick, then there will be a reentry and after the reentry there is no momentum “COMPULSORY TP”

CHARACTERISTICS OF MHV :
Candle CANNOT close above or below Top / Low BB
Must have reverse candle, because reverse candle is confirming the end of the journey (Marking at candle body)
Retest candle (entry point) at Ma5 or highest volume / lowest at that current time
Must happen after Extrem

TYPES OF MHV
5 types but i can only post 1 photo. So sorry i cant give more on this.

RE-ENTRY

CHARACTERISTICS OF REENTRY
Candle close can not pass Ma5 / Ma10
It will be strong when the candle close does not pass Ma5 / Ma10 and also Mid BB
Candle close did not come in. He found Ma5 / Ma10 and mid BB at that Time would make the re-entry stronger
If there is a re-entry in Ma5 / Ma10 and mid BB, the minimum of 3 drops of candles or increments (follow TF) re-entry will be strong
Following market trend, then just search for re-entry and entry
Wait for the second candle, because the first candle validates the reentry and the second candle is for entry