42# Bollinger Bands Montecarlo

Submit by Joy 22

Bollinger Bands Montecarlo is a trading system designed for volatile financial markets like Index Futures, Gold, Oil, GBP / JPY, GBP / NZD, CAD / JPY, AUD / JPY, EUR / NZD. The system is based on a Bollinger band with deviation 1 and two medium term moving averages to capture short and medium term trend movements.

The setting of the setting is conservative to obtain a good profitability.

Time frame 1 min or higher.

Indices: S & P 500, Dow, NASDAQ, Russel. DAX, UK 100, China to 50, Hang Seng, Nikkey, Gold, Oil, GBP / JPY, GBP / NZD, GBP / AUD, EUR / NZD, NZD / CAD, CAD / JPY.

Mathematical technical indicators:

Bollinger Bands (20, 1).

Moving average 50 period, median.

Moving average 13 periods, median.

Trading rules Bollinger Bands Montecarlo.

Always trading in the direction of the trend.

Buy

Bullish Trend: Moving Average 50 crosses the central band of the Bollinger Bands upwards. The moving average of 13 periods crosses above the moving average of 50 periods.

When the price candle closes above the upper band enter the purchase at the opening of the next band.

Fast Profit Target that depends on the financial instrument or on the pivot level.

Stop loss below the lower band.

Sell

Bearish trend: moving average 50 crosses the central band of the Bollinger Band downwards. The moving average of 13 periods crosses down the moving average of 50 periods.

When the price candle closes below the lower band enter the purchase at the opening of the next band.

Fast Profit Target that depends on the financial instrument or on the pivot level.

Stop loss below the lower band.

Advice when the bollinger band is horizontal or even the averages are among the bands do not trade because you are in the presence of a sideways market.

In the pictures Bollinger Bands Montecarlo in action.

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