40# Bollinger Bands with Supertrend

Slow BB with Ozymandias

Three Bollinger bands trend strategy

Submit by Ron

 

Bollinger Bands with Supertrend is trend following strategy based on three slow bands, super trend indicator and Ozymandias indicator. The main feature of this strategy is the possibility to make two entries when there are the conditions of the market.

Time frame 15 min or higher, works best on higher time frame.

 

Currency pairs:majors, minors.

Metatrader indicators setting

Bid ask indicator.

Bollinger Band period 100, deviations 1.0.

Bollinger Band period 100, deviations 1.5.

Bollinger Band period 100, deviations 2.0.

BK10SMA alert, period 10.

Ozymandias amplitude two period.

C trend volume.

Supertrend period 20.

 

Trading rules Bollinger Bands with Supertrend

Trades only in the direction of the trend: price above the middle band only buy, price below the middle band only sell.

 

Buy

Price above the middle band.

Super Trend blue bar.

Ozymandias green line or green arrow.

Exit with predetermined profit target or when Ozymandias lin change color.

Place initial stop loss below lower band of Ozymandias indicator.

 

Sell

Price below the middle band.

Super Trend red bar.

Ozymandias green line or red arrow.

Exit with predetermined profit target or when Ozymandias lin change color.

Place initial stop loss above higher band of Ozymandias indicator.

 

Aggressive entry when the price crosses the middle band (optional).

This template can be used for reversal strategy but this is another strategy.

In the pictures Bollinger Bands with Supertrend in action.

Bollinger Bands with Supertrend
Bollinger Bands with Supertrend
Bollinger Bands with Supertrend
Bollinger Bands with Supertrend
Bollinger Bands with Supertrend
Bollinger Bands with Supertrend

Share your opinion, can help everyone to understand the forex strategy.

Comments: 2
  • #2

    Robert (Friday, 27 April 2018 17:05)

    Ron this is a winning strategy trend following with bollinger bands.
    Thank for share!!!

  • #1

    Louis (Friday, 27 April 2018 14:44)

    This is a good strategy. 4h is the best time frame.

Bollinger Bands with Supertrend
Bollinger Bands with Supertrend
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