Forex Strategies Resources

21# Bollinger Bands and SVE Bollinger Bands Trading System

Sve Bollinger Bands

Submit by JanusTrader 30/04/2012

 

Time Frame 4 H

Currency pairs:any.

 

Indicators:

Bollinger Bands(20, 2)

SVE Bollinger Bands (set default)

This strategy is simple

 

If you open an H4 chart and you insert the Bollinger Bands(20) indicator, if you observe the chart you will see that the bands are simply a Resistance and Support. The Upper band is a Resistance and the Lower Band is a Support. If you pay attention to the chart you will see that most of time the price hit the upper band then it retraces back to Lower Band, so how I trade is very easy, I wait till the price touches let’s say the upper band and closes under it (not above it) and wait till the candle is formed, when it finishes and the next candle opens under the previous Upper band then I enter a

Short trade with target = middle band.

Same thing when it touches the Lower band and the candle closes above it, and the next candle opens above the previous Lower Band then I go Long with Target = middle band.

 

Other condition for trade is

for Buy SVE Bollinger Bands crossed from bottom to Top Red Band

for Sell SVE Bollinger Bands crossed from Top to Bottom Green Band

 

Stop Loss on the previous swing.



 

In the pictures below Bollinger Bands and SVE Bollinger Bands  Trading System in action.

sve bollinger band
Trading System
sve bollinger band & alerts.rar
compressed file archive [2.0 KB]
Download

 

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Comments: 1

  • #1

    mahmoud (Tuesday, 17 December 2013 06:05)

    thanks very much

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