• NeoMan
• Jul 13,2008
• In: Follow Trend

Follow The Bouncing Pip

Follow The Bouncing Pip is a famous forex strategy that was developed by a several people and founded by bigbear3391 at forex-tsd.com . This is one of the strategy that uses K.I.S.S (Keep It Simple Stupid) method, so it can be learned in short time and followed by anyone. The strategy that is shown at pictures above is the latest one that has been renewed by bigbear3391 which is added by MFI Indicator for 20/80 levels.

The Signal comes when you see an arrow & the Zig-Zag Line in the same candle then follow the direction. But please be careful, since the arrow moves when a new high/low is established. Don’t worry, this is rarely happened. If you follow the instruction well, then you will rarely find a false signal.

The Rule for this strategy is simple, if you see a signal from a lower Time Frame then you must confirm with higher TF’s. For example, if you find a sell signal at TF 30M then check it at TF 1H and 4H, too. This is how we eliminate false signal.

Instruction for Follow The Bouncing Pip Strategy

Buy Condition

• Arrow and line go up, MFI is below or just cross up level 20 at lower TF
• Confirm at higher TF’s if there is already a same signal or wait until a same signal appears

Sell Condition

• Arrow and line go down, MFI is below or just cross down level 80 at lower TF
• Confirm at higher TF’s if there is already a same signal or wait until a same signal appears

Place your StopLoss=75 for 1H Gbp/Jpy (other pair please do a research) or follow your Money Management.