50/50 Bollinger bands FOREX strategy

This forex strategy helps us with trend drawing using Bollinger bands forex indicator. Moving averages are used to stay on the right side of the trend. Utilising 50/50 approach it goes only for what is asking for – profit equals loss. Therefore, in absolutely chaotic conditions, strategy is able to hold its ground by number of profitable/losing trades being practically equal. In trending market conditions, strategy gains its edge by trending with the trend, considering volatility and one of the most accurate signals – tunnel breakout.

 

Used forex indicators:

Bollinger bands forex indicator (default)

SMA (smoothed moving average) 150

 

Forex strategy rules

Recommended time frame:  any

Currency pair: any

 

SELL:

 

Central Bollinger band is trending under SMA 150.

Price has closed above upper BB only to return and close back under bottom band. We enter on BB breakout candle close (candle that penetrated bottom BB).

We place stop loss at highest point reached by price, while it closed above upper BB.

Take profit equals stop loss.

 

BUY:

Central Bollinger band is trending above SMA 150.

Price has closed below bottom BB only to return and close back above upper band. We enter on BB breakout candle close (candle that penetrated upper BB).

We place stop loss at lowest point reached by price, while it closed below bottom BB.

Take profit equals stop loss.

 

 

 

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“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. ” 

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