Double Bollinger Rubber Band forex trading system
This is a shopping for and promoting idea primarily based off extreme actions away from bollinger bands. Tge determine comes from the reality that value tends to snap once more to the suggest equivalent to a rubber band being stretched
I’ve checked out it solely on GJ and GU.
Setup: On a 1 hour GJ chart, add bollinger bands (14) with deviation of 1 (purple) and as soon as extra with deviation of 2 (navy), every set to the shut.
Promote signal: Value crosses the uppermost navy BB As quickly because it has moved 20 pips away from the BB, enter at market. Stop positioned 20 pips above the promote. Exit when value touches the upper purple BB.
Buy signal: Value crosses the lower navy BB. As quickly because it has moved 20 pips away from the BB, enter at market. Stop positioned 20 pips below the acquisition. Exit when value touches the lower purple BB.
This appears to work pretty successfully when value is trending and spikes out of its fluctuate and upon the first breakout following a BB sqeeze (ie when the BB have narrowed then enhance as value explosively strikes signalling a sample).
Avoid when value is trending strongly in each route (hugging the navy BBs making successive highs/lows.
Attached Image (click on on to enlarge)
Double Bollinger Rubber Band
Upon bettering your method try learning this BB pdf. Do you see one thing fascinating?
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