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Bollinger Bands with Fractal and Stochastic

Bollinger Bands with Fractal and Stochastic is a reversal trading system. This trading system has a simple setup for entry.
Time Frame 5 min or higher.
Currency pairs: any.
Forex Indicators:
Bollinger Bands period 30 deviation 3.0,
Fractal Indicator,
Stochastic (8, 5, 5, with level 20 and 80).
Trading rules Bollinger Bands with Fractal and Stochastic
Buy
When the price touches the lower Bollinger Bands or close below the band, waits for a fractal to form, then buy when the stochastic oscillator that also is below of 20 levels crosses upward.
Sell
When the price touches the upper Bollinger Bands or close above the band, waits for a fractal to form then buy when the stochastic oscillator that also is above of 80 levels crosses downward.
Profit Target dependes by time frame for intraday trading pt is 8-12 pips for higher time frame set 50 -100 pips. You can make profit at the middle band of BB.
Place initial stop loss above/below the last fractal.
This is a profittable strategy.
In charts below examples.
Bollinger Bands with Fractal and Stochastic

Bollinger Bands with Fractal and Stochastic

Bollinger Bands with Fractal and Stochastic

Bollinger Bands with Fractal and Stochastic Reviewed by learn forex trading on June 25, 2017 Rating: 5

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