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Strategy Bollinger Bands (20)
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Loading...Before going into the rules of forex strategy Bollinger Bands, we need to know basic things about trading system:
If the price moves below the average line of the Bollinger Bands 20 period, then the market is in a downtrend.
If the price moves above the middle line of Bollinger Bands 20 period, note that the market is in an uptrend.
The price should reach out and touch the middle Bollinger band is open position
Bollinger top line or bottom Bollinger line can be used as a signal for storing Profit
When to sell:
The market is in a downtrend
The price increases by touching the middle Bollinger band.
As soon as you touch the center line, place the sell-stop order 3-5 pips below current price
You can wait to see if a bear was formed formation of a trend reversal.
Put taillights 5-10 pips above cents a position opening
Storing a Profit when the price touches the lower Bollinger band or adjust the profit ea e equal to the distance in pips / see blue dotted line on the graph /.
When you buy:
The market is in an uptrend
Price ponzhava, touching the middle Bollinger band.
As soon as you touch the center line, put buyl-stop order 3-5 pips above the current price
You can wait to see if the bullish formation is formed to reverse the trend.
Put taillights 5-10 pips below cents a position opening
Storing a Profit when the price touches the upper Bollinger band
Advantages of Strategy implementation Bollinger Bands with 20 periods
low risk ìopening heading / small taillights / risk ratio with good profit
opportunity to generate good profits in larger periods, 4 hour or daily chart
pronounced trend in this strategy works very well
Disadvantages of Strategy implementation Bollinger Bands with 20 periods
When the market is trending joint system is not working
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