Bollinger Bands Trend Breakout

Bollinger Bands Trend Breakout is a simple breakout strategy based on the simple moving average and Bollinger Bands. The pourpose of this strategy is catch the breakout in trend, the filter is a  slowmoving average.
Time frame 5 min or higher.
Currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/CHF, USD/JPY, GBP/JPY. USD/CAD, NZD/USD, AUD/JPY, EUR/JPY.
Forex Indicators
Bollinger Bands (period 20, deviation 2.0).
Simple moving average 200 period, close.

Bollinger Bands Trend Breakout trading rules
Trades only in the direction of the trend.
Trend up: price above 200 MA and middle band crosses above 200 MA.
Trend down: price below 200 MA and middle band crosses below 200 MA.
Buy
When there is a trend up wait that the candle price breaks the upper band and close out the band.
Place initial stop loss at the level of middle band.
Profit Target ratio stop loss 1:1
Sell
When there is a trend down wait that the candle price breaks the lower band and close out the band.
Place initial stop loss at the level of middle band.
Profit Target ratio stop loss 1:1 The profit target can be also predetermined.
Bollinger Bands Trend Breakout

Bollinger Bands Trend Breakout

Bollinger Bands Trend Breakout

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