Double Bollinger Bands with Awesome
is trading system a system of volatility trend following.
This system is profitable. It has good
profitability and a good ratio Profit/ losses.
Time Frame 4H or higher.
Currency pairs: any.
Technical indicators:
Bollinger Bands (20, 2);
Bollinger Bands (20; 1);
Awesome (optional).
Candle pattern 1-2-3
Trading Rules
Buy
The candle closes above the Bollinger
Bands 1 with the condition that the previous two
candles have closed within Bollinger
Band 1 but above of the middle band (this condition setup is
important).
Awesome with green bar is optional.
Sell
The candle's price closes below the
Bollinger Bands 1 with the condition that the previous two candles
have closed within Bollinger Band 1 but below of middle band (this
condition setup is important) ..
Awesome with red bar is opional.
Initial stop loss 10 pips below/above middle band.
Initial stop loss 10 pips below/above middle band.
Minimum Profit Target 1.3 initial stop
loss.
For a conservative trading only trade
in the direction of the major trend.
Add a simple moving average of 100
periods.
Sell
Lower bands of the BB1 and BB2
<100 simple moving average.
The candle's price closes below the
Bollinger Bands 1 with the condition that the previous two candles
have closed within Bollinger Band 1 but below middle of the band.
Awesome red color is optional.
Buy
Upper bands of the BB1 and BB2>
100 Simple Moving Average
The candle closes above the Bollinger
Bands 1 with the condition that the previous two
candles have closed within Bollinger
Band 1 above but of the middle band .
Awesome green color is optional.
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