Bollinger Bands Reversal With Platinum Forex Binary Options Trading Strategy
The Bollinger bands reversal with platinum is a classic reversal strategy. The main feature of this strategy is when the price touches the upper or lower Bollinger Bands there is a price reversal. The timeframe used for this system is 5 minutes or higher and has an expiry time of 4-7 candles. This is applicable for indices, commodities and forex market.
Metatrader Indicators:
- Bollitoucher (20, 2),
- Platinum (trend alert indicator). The platinum indicator is Alarm indicator , a signal in the form of arrows the corresponding color is displayed on a candle and is not redrawn.
Call Entry:
- The price must touch the lower band.
- The platinum buy arrow must appear.
- Enter at the opening of the next candle.
Put Entry:
- The price must touch the upper band.
- The platinum sell arrow must appear.
- Enter at the opening of the next bar.
Re-enter trades in the same direction if the price does not touch the opposite band.
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