6# Bollinger Bands Reversal Trading System

Submit by Forexstrategiesresources

Time Frame's: 15min, 30 min, H1, H4 and Daily chart

Currency Pairs: any

Trading Indicators:

Bollinger Bands set to standard period 20 Deviations 2

Bollinger Bands set to standard period 20 Deviations 3

Long Entry Position:

Wait that the price is between Bollinger Bands 20 Deviation 2 and BB 20 Deviation 3

Wait 2 more bars will form, if the 2 bars each have closed higher prices go long.

Short entry Position:

Wait that the price is between Bollinger Bands 20 Deviation 2 and BB 20 Deviation 3

Wait 2 more bars will form, if the 2 bars each have closed lower prices go short.

Exit Position:

1)Stops are placed 5 pips behind the low or high of the bar 1;

2) Trailing Stop;

3) Profit Target: 60 pips EUR/USD, 70 pips GBP/USD 4H Time Frame, for Daily time frame 200pips EUR/USD , 250 pips GBP/USD (recommended);

4) When the price touches the middle band.

In the pictures below Bollinger Bands Reversal Trading System in action.

Comments: 4

#4
gary (Sunday, 31 October 2021 10:46)

Is there any EA for this strategy
#3
TO HONG KY (Tuesday, 30 June 2020 12:40)

THANK YOU
#2
gh (Friday, 05 February 2016 17:59)

good ea
#1
sudeep roy (Friday, 16 October 2015 05:16)

Hi nice strategy in bb reversal
One question in long position if the price is between bb 2 and bb 3 and after tht there is only one candle which closes higher then ...
?
U hv given a line chart above gv a candlestick chart for better explaination