Power Forex Bollinger Band Strategy

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Power Forex Bollinger Band Strategy

This strategy is applicable to all currency pairs and is fit on a 15 minute or higher timeframe.

Forex Indicators:

  • Bollinger Bands (250; 2); (250;2).
  • MA 250 Low; MA 250 High
  • 80 Ema
  • Stochastic (100, 3, 3)

Long Entry:

  • The price must be above 250 SMA Green line.
  • 80 EMA must be above 60 line.
  • Stochastic is buy greater green line.

Short Entry:

  • The price must be below 250 SMA line.
  • 80 EMA is below 40 line.
  • Stochastic is sell less than red line.

Exit position:

  • For buy, set stop loss at 250 EMA low.
  • For sell, set stop loss for sell is 250 EMA high.
  • Take Profit are the bands or ratio 2:1 stop loss.

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