50# Best Bollinger Bands Reversal
Multibands Strategy
Reversal Classic Strategy
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
Aurora (Friday, 20 September 2024 19:57)
Dynamic levels of Support and Resistance volatility that help interpret the market as well as being target profit levels.
timsiejx (Friday, 20 September 2024 11:19)
What is even the utility of the 20, 30, 40 bb when you only use the 50 bb????