also good friends
I am questioning the pair what time frame and how the most suitable in using this strategy??
and how long you use this system?
also good friends
I am questioning the pair what time frame and how the most suitable in using this strategy??
and how long you use this system?
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Ahmadali (2019-08-24), Alizahid (2020-11-14), Aonkhan532 (2019-05-21), Irfan4500 (2019-12-16), raheel001 (2020-10-31), shani125 (2020-12-01), summrah123 (2017-12-30)
Indeed its a very nice strategy but we can not use it on news time. as we can see in above image that after hitting tp(middle bollinger) at about 0.8870 the price still continued to climb and at price 0.8875 we get a sell signal as price touched upper bollinger band.So if you enter there than the price will go against you and the result will be in case of loss.
So the thing is how to avoid this?
Ans Is simple. When the price touches the bollinger band than wait for the next candle if it is opposite to the first one than enter the trade otherwise don't.
Here you can see.
See Enter at the red arrows(Sorry for my bad drawing) and don't enter at cross.I don't say it becomes perfect but i think risk is reduced.And the most important thing don't use this strategy in news time.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
12topnews (2020-09-13), Ahmadali (2019-08-24), Alizahid (2020-11-14), Aonkhan532 (2019-05-21), Irfan4500 (2019-12-16), jawad1010 (2018-05-28), raheel001 (2020-10-31), shani125 (2020-12-01), summrah123 (2017-12-30)
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
12topnews (2020-09-13), Ahmadali (2019-08-24), Alizahid (2020-11-14), Aonkhan532 (2019-05-21), Irfan4500 (2019-12-16), raheel001 (2020-10-31), shani125 (2020-12-01), summrah123 (2017-12-30)
It all finished, let us discuss
Ps: do not trade against the direction when prices are trending ... wait a moment subside ..
and don't forget : Plan your trade and trade your plan
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
12topnews (2020-09-13), Ahmadali (2019-08-24), Alizahid (2020-11-14), Aonkhan532 (2019-05-21), Irfan4500 (2019-12-16), raheel001 (2020-10-31), shani125 (2020-12-01), summrah123 (2017-12-30)
to find out how much above and below the value indicator BB ..
you can this indocator for monitoring.
Cumil bb monitor
This is very useful for monitoring and there are recommendations for buy or sell .
for example picture :
Last edited by cumil; 2011-07-01 at 09:43 PM.
12topnews (2020-09-13), Ahmadali (2019-08-24), Alizahid (2020-11-14), Aonkhan532 (2019-05-21), Irfan4500 (2019-12-16), jmsblack18 (2012-04-13), raheel001 (2020-10-31), shani125 (2020-12-01), summrah123 (2017-12-30), sweetrevenge88 (2012-03-29)
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
remember only use at TFH4
the slogan: Plan your trade and trade your plan
for example picture :
Last edited by cumil; 2011-07-01 at 09:25 PM.
12topnews (2020-09-13), Ahmadali (2019-08-24), Alizahid (2020-11-14), Aonkhan532 (2019-05-21), Canada (2018-08-13), Irfan4500 (2019-12-16), raheel001 (2020-10-31), shani125 (2020-12-01), summrah123 (2017-12-30)
I'll 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 his name fofo and boa
kindest regard
milkhatun (cumil)
Last edited by dareking; 2017-11-10 at 01:14 PM. Reason: Thread Title Changed
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