Bollinger Strategy

Mar 28, 2016 No Comments by

Parameters: Average Type:: Simple
Average Period:: 15
Standard Deviations:: 1.5
Time Frame:: 60 Min or Daily

Strategy : Add Bollinger band with above parameters on 60 min time frame, For buying condition open must above the higher band and close below the higher band on same candle then go for sell with the stop loss of high of the same candle i.e. signal candle
For selling condition open must below lower band and close above the lower band then go for buy stop loss will be the low of the same candle i.e. signal candle
For target in intraday the middle band is first target and lower or upper band is second target.
This system is for intraday trader as well as for positional trader. Intraday trader use 30 min timeframe, positional trader use daily as well weekly timeframe for trade. Other system i.e. stops loss or target will be the same as above mentioned.

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