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Pyramiding with Bollinger bands -Aggressive FOREX strategy

Pyramiding (adding to the winner) in one of the most aggressive approach you can take towards the forex market. When done right, it can literally double your trading account within few hours. And the best part is, you are not really risking that much. In this forex strategy loss of any trade is limited to the range of entry candle in 30 min timeframe. In favorable conditions, you can end up with position 10 times bigger than standard size and stop loss already protecting most of the profits.

Used forex indicator

Bollinger bands (default settings)

Forex strategy rules

We trade on 30 min timeframe of any major currency pair.

SELL:

Pyramiding with Bollinger bands -Aggressive FOREX strategy

Bearish candle closed below bottom BB.

We enter short on candle close. Stop loss is placed one pip above candle high.

We will enter short on every following bearish candle that closes below or at bottom Bollinger band.

We always place all of our open stop loss orders on high of current entry candle.

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Profit target is not predetermined. We simply exit all of our short positions when price reaches high of our last entry candle (triggers stop loss on last entry signal)..

Notes: We the new position in the series only on lower price.

BUY:

Pyramiding with Bollinger bands -Aggressive FOREX strategy

Bullish candle closed above upper BB.

We enter long on candle close. Stop loss is placed one pip below candle low.

We will enter long on every following bullish candle that closes above or at upper Bollinger band.

We always place all of our open stop loss orders on low of current entry candle.

Profit target is not predetermined. We simply exit all of our long positions when price reaches low of our last entry candle (triggers stop loss on last entry signal).

Notes: We the new position in the series only on higher price.

ABOUT US

THEFOREXKINGS

“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 

 

Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

—  Marian, Proprietor of TheForexkings.com

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