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.

 

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Comments: 2
  • #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

  • #2

    gh (Friday, 05 February 2016 17:59)

    good ea