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Forex Strategy “Battle of the Bands”

This strategy was generated for trading in the securities market. However, due to its versatility and simplicity people started using it on the forex market. It is recommended to use H1 time frame. The currency pair can be different.

To start a trade you will need the following indicators:

  1. SMA with the parameter 32 applied for Low and the SMA with 32 applied for High.
  2. Parabolic SAR.
  3. 2 SMAs with the parameter of 100 and 200.

Conclude a buying deal if:

  1. The price is higher than the SMA High.
  2. The price is higher than the MA of 100/200.
  3. The closing price on the ledge should be above the opening price.
  4. Parabolic SAR should be penetrated by the price in the upward direction.
  5. If the candles of Pin-bar and Dodge are formed, these alerts should be ignored. If the closing price of the ledge is lower than the opening price, then wait until the next candle is generated.

To make the selling deal all the conditions mentioned above should be opposite. 

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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