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.
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