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Forex Strategy “Bollinger on steroids”

The procedure of the strategy:

  • Candlestick graph D1
  • Blue colored Bollinger bands (20, 1)
  • White colored Bollinger bands (20, 1.5)

There are two ways of entering the market. The most important thing to remember about this strategy is that trading signals colored in white are more important than the trading signals colored in blue. Trading signals colored in white signalize the moment to enter the market.

This is a special way of trade that was designed on the trading signals colored in white. They appear once the price reaches the white band of the Bollinger indicator and then gets locked in the channel.

The trading signals colored in blue demonstrate the space between “steroid” parts of the strategy. They appear when the price is inside the channel, and then goes beyond the blue band of the Bollinger channel.

The safety of the strategy is guaranteed once the stop-loss is installed. 

 

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

 

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