50# Best Bollinger Bands Reversal

Submit By Joy22

Best Bollinger Bands Reversal is a trading strategy that aims to seek market reversal based on multiple Bollinger Bands.

I propose this method because it is simple and has a high profitability.

Setup Strategy

Time Frame 15 minutes or higher.

Currency pairs: all, but the best are the synthetic pairs especially for the quantum approach.

Indicators:

Bollinger Bands (20, 2).

Bollinger Bands (30, 2).

Bollinger Bands (40, 2).

Bollinger Bands (50, 2).

MACD (12, 26, 9).

Best Bollinger Bands Reversal trading rules

Classic Method

Buy

The price touches the last lower band or breaks it.

The price closes above the second middle band.

Tha MACD crosses upward.

Buy at the close of the candle or the opening of the next candle.

Sell

The price touches the last upper band or breaks it.

The price closes below the second middle band.

Tha MACD crosses downward.

Buy at the close of the candle or the opening of the next candle.

Exit position

Place initial stop loss on the previous swing high/low.

Make profit when the Macd changes direction or first touches the opposite band.

Examples of trading