229# Fractals S&R with Double Bands Strategy
Bollinger Bands trading reversal
Fractals Support and resistance lines for reversal with bands
Submit by Janus Trader
Fractals S&R with Double Bands Strategy is a great trading system with a good profitability. This strategy is based on fractals support and resistance in combination with two Bollinger Bands. This strategy can be used also for trading with binary options high/low.
Currency pairs: majors, minos more indicies, gold, bitcoin and oil.
Time frame 1 min or higher.
Binary options high/low expiry time 1 or 3 candles.
Indicators setting:
Bollinger Bands (periods 22, deviation 2.0);
Bollinger Bands (periods 22, deviation 1.0);
Fractals ajoustable price breakout (34 periods).
Trading rules Fractals S&R with Double Bands Strategy
Buy
Fractals draws on the chart support blue dot line below the lower bands of BB.
The price action touches the support line and com back in the bollinger Bands.
When the price touches the Bollinger bands with deviations ( 1.0) place an buy order or call.
Initial stop loss below the lower band (2.0).
Profit target middle band or upper band of BB (1.0).
Sell
Fractals draws on the chart resistance red line dot line below the lower bands of BB.
The price action touches the resistance line and com back in the Bollinger Bands.
When the price touches the Bollinger bands with deviations ( 1.0) place an sell order or call.
Initial stop loss above the upper band (2.0).
Profit target middle band or lower band of BB (1.0).
This is a winnig strategy.
In the pictures Fractals S&R with Double Bands Strategy
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