Bollinger Bands Overbought and Oversold
Forex: all
Time Frame: 30M and larger
Indicators:
Bollinger bands, 20 Period 2 standard deviation
34 MA
Stochastic indicator - 5,3,3
How does the strategy work:
Long when the price is above the 34 period moving average, stochastics is in the oversold zone and crosses up, and when the price is low zone of the channel Bollinger.
Short when the price is in the upper channel Bollinger, stochastics in the overbought zone and crosses down, and also the price to be below 34 period moving average.
Exit when the price reaches the moving average line of Bollinger, in TP, or exit when the price closed below / above average moving.
Read more:
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Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.