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trading rules is very simple, let's get started:
This method uses :
1. Bolinger Bands standard setting
2. RSI setting 14 (only to find out the OS and OB)
3. Stochastic 10,3,3 setting (same RSI)
OP entry
1. Sell at around above BB
2. Buy at around under BB
3. TP about the middle BB
--- Update ---
1. Bolinger Bands standard setting
2. RSI setting 14 (only to find out the OS and OB)
3. Stochastic 10,3,3 setting (same RSI)
OP entry
1. Sell at around above BB
2. Buy at around under BB
3. TP about the middle BB
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Indeed this is a very good strategy but we cannot use it at the time of the news. as we can see in the picture above that after pressing tp (middle bollinger) around 0.8870 the price continues to rise and at the price of 0.8875 we get a sell signal because the price touches the upper bollinger band. So if you go in there than the price will go against you and the result will be in case of loss. and Sorry, your post above shows that you are using a partner other than eur / usd. Is this suitable for my favorite partner. I am a beginner, so I want to use the eur / usd pair only, if you have a strategy for this couple, also share here.
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good bro strategy. but I don't understand what RSI works. and what pair for the best results. and the only disadvantage of this strategy is news. And it doesn't take long (about 1-3 months) to find out this weakness. I suggest if we combine bollinger bands with MACD rather than the results to be almost 90% profitable.
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I really think Bolinger bands and MACD indicators are very good when applied to TF in general, for beginners you can learn this trick and need a lot of practice. and if you use this strategy then avoid trading if there is news that has a big impact, because of my experience, I always get stuck and fall when there is news that has a big impact
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start some powerful strategies in this forum on this topic I will be trading strategy with Bollinger band indicator I got this strategy from a friend of my country
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Very good thread with great quality. Your thread will help teach forex beginner traders some good strategies and build their trust in this business called the forex exchange trade. and my friend, I don't know much about PIVOT points, and I want to test this strategy when I understand well, I've heard a lot about pivot, but if you know how it can be involved in this strategy,
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I think the use of a very Bolinger band can be used for all couples. because the Bolinger band is seen from the point of saturation of the candle. for EUR / USD I usually use the BB 12 BB 24 and BB 48 settings. and sometimes, when I read some information, I think it's very complicated and then I find the same information with different authors, I think it's very simple and I can learn it well, now I think so why do some people make forex so complicated if we can make it simple?
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thank you brother good work can you tell us more about this strategy, which pair and time frame will give good results how much stop loss and take advantage that we must maintain (risk to reward rations) more than is the best time to trading using this strategy, I welcome your response ... and sometimes, when I read some information, I think it's very complicated and then I find the same information with different authors, I think it's very simple and I can learn it well , now I think so
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Thank you for your valuable tips. I think your tips help us all. I have never used Windows indicators or graphics before. But now I realize that I made a big mistake. With the help of indicators and graphics, I can easily assume what will be the situation or movement of the next pair. So use this strategy. I am sure you will succeed if you do this with full concentration. and that is true, Bollinger bands are very easy to understand because there are very easy to understand lines of purchase, buy and sell at the bottom above, the best way to use the Bollinger band indicator in the H1 time frame, because the time frame is more suitable than the M30 and M15 time frames .
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There are a number of things that people need to be a profitable strategy for Forex use. Robots and forex systems are applied. First, forex robots have their own history and performance. Forex robots, even though the principles are the same, are different with regard to ability. It must also work with a high-level discipline strategy. and Yes, I noticed that the strategy might be good, but who wants to use it first try it on a demo account. after successful results then use that real account. By the way, thank you, for sharing this good strategy and technique.
