Submit by Suyo 10/10/2013
Time Frame 4H
divergence occurs (as indicated by the indicator), enter a trade in direction suggested by the divergence, with no SL, and TP at the opposite outer band of Bollinger
Keep moving TP every 4 hours to the targeted outer band
of Bollinger Band, until price hits (at either profit or loss).
Suggested filter: (a) take only trade when there is large enough distance (potential profit) between entry price and opposite outer band
of Bollinger Band; (b) take only trade when price still needs to travel across the middle Bollinger Band line before it can reach the other end (similar to giving you more distance and potential
Forgot to add, another exit point is if a new
divergence signal occurs, pointing the wrong way.