40# Bollinger Bands with Supertrend

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.

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