37# Bollinger Bands with Patterns indicators
Inside Bar, Pin Bar, Out Side Bar, Doji. Metatrader Indicator
Submit by James 11/03/2013
Time Frame 30min or higher best time frame 4H or daily.
Currency pairs any;
If we had a breach of the upper Bollinger bands we would be looking to go short and
therefore need the Stochastic indicator to be over bought and over the 80 line.
If we had a breach of the lower Bollinger bands we would be looking to go long
and therefore need the Stochastic indicator to be over sold and under the 20
Once both of these conditions are met we look for our entry confirmation which
is a formation, if we don’t see one then we wait until we do, if the
trades takes off without us then we wait for the next one.
Place a pending order at the triger level.
Stops are placed behind the recent high / low and always moved to break even
as soon as possible, usually when in profit by the same amount you risked.