Forex «Bollinger on steroids" Strategy Algorithm
D1 candlestick chart
Bollinger Bands (20,1) - paint the blue (indicator Bollinger Bands in the standard trading platform Metatrader 4 (located in - Insert / Indicators / Trend / Bollinger Bands).
Bollinger Bands (20, 1.5) - Colour white.
Opening of the transaction on forex strategy "Bollinger on steroids":
Terms of trade on the forex strategy is best to consider the following examples.
And so, there are two types of entries in the market. Let's call the trading signals to enter the market, for the sake of simplicity - white signals, and blue signals.
The basic rule of forex strategy "Bollinger on steroids":
WHITE Trading Signals always more important than BLUE signals.
"White" trading signals to enter the market.
This original way of trade, from which developed this forex strategy was based precisely on the "white" trading signals. White vonikaet signal as soon as the price touches the white band indicator Bollinger and then locked inside the channel. Let's see this principle in the figure.
