This forex strategy uses frequent and reliable trading signal fakeout. Fakeouts are incredibly common. In current market they may be more reliable than breakout signal, while offering better risk reward ratio most of the time. With high quality breakout signal you can enter the trade risking very little with possibility of interesting upside. Strategy as presented was tested in various combination of components by experienced traders and its profitability was confirmed.

Used forex indicators:
Bollinger bands (60). We will draw BB in 15 min chart of EURUSD pair with default deviation (2). BB will create a price tunnel (volatility dependent). Tunnel drawn by BB works as well as manually drawn price tunnel, and unlike hand drawn, it can be back tested without distorting the results. Price simply touching the bollinger band will be automatically considered a fakeout, if other conditions are met.
MACD (moving average convergence divergence) Apply MACD histogram in your chart. Used settings 500,1000,9. Signal line (red) is ignored as we will consider only bar histogram to identify trend.
Forex strategy rules
Apply both indicators in 15 min candle chart of EURUSD.
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SELL:

Price touching upper BB. Upper wick is at least half the size of candle body. Candle is within the normal range (not extremely tall or narrow). We enter the trade immediately on new candle open, placing stop loss above the signal (fakeout) candle high.
Take profit:
MACD histogram closing below zero.
Downtrend. We move stop loss to break even once the price reaches middle BB. We exit the position at profit once the price touches bottom BB.
MACD histogram closing above zero: We trade against trend. We exit the trade once the price reaches central BB.
BUY:

Price touching bottom BB. Bottom wick is at least half the size of candle body. Candle is within the normal range (not extremely tall or narrow). We enter the trade immediately on new candle open, placing stop loss below the signal (fakeout) candle low.
Take profit:
MACD histogram closing above zero.
Uptrend. We move stop loss to break even once the price reaches middle BB. We exit the position at profit once the price touches upper BB.
MACD histogram closing below zero:
We trade against trend. We exit the trade once the price reaches central BB.