This forex strategy utilizes MACD for trend identification and Bollinger bands as a method of establishing the range. Once the range breakout occurs in the direction of main trend, we enter the position. We are looking for a trade with profit about 2 – 10 times bigger than average loss (RRR 1:2 – 1:10).

Used forex indicators
MACD (moving average convergence divergence) 48,104,9
Bollinger bands forex indicator - default settings
Apply both indicators in 1 h chart of EURUSD or any major currency pair.
For the best results, trade with professional ECN/STP broker with MT4. If you can't trade with profit. Automatically copy the traders that are already profitable.
Forex strategy rules:
SELL

MACD histogram closing below zero line (central line). Signalizing downtrend.
First trigger: Price touches upper Bollinger band.
Second trigger: Price penetrates bottom BB. We enter the trade short on first candle closing below bottom BB.
Stop loss: Placed 1 pip above highest price reached in first trigger.
Take profit: MACD histogram closes above zero line.
BUY:

MACD histogram closing above zero line (central line). Signalizing uptrend.
First trigger: Price touches bottom Bollinger band.
Second trigger: Price penetrates upper BB. We enter the trade long on first candle closing above upper BB.
Stop loss: Placed 1 pip below lowest price reached in first trigger.
Take profit: MACD histogram closes below zero line.
Notes: We always take first signal after MACD reversal. If it fails, strategy allows entering once more at next signal (to the same direction). This forex strategy takes only a few trades, therefore it can be used on more than one currency pair simultaneously.