Last updated:
Breakout Forex Bollinger Band Strategy
This works on a 15 minute or higher timeframe and applicable to all pairs.
Forex Indicators:
- Bollinger Bands (1, 15);
- Bollinger Bands (3, 18)
- RSI (14) with Bollinger Bands (20, 2).
Long Entry:
- The price breaks upper band of BB (1,15) confirmed by RSI
- EMAs must cross above the middle of the bollinger band (2, 20),
- RSI (14) is greater than EMAs Cross.
Short Entry:
- The price breaks lower band of BB (1,15) confirmed by RSI.
- EMAs must cross below the middle of the Bollinger band (2, 20),
- RSI is less than EMAs Cross.
Exit Position:
- Place stop loss at 10 pips above or below the middle band of the Bollinger 1, 15.
- Other option is to trail stop.
- Profit Target depends time Frame and Pair (recommended);
- When the price touches the upper and lower band of BB (3. 18).
Level up your trading
Learn to read the chart — not just the indicator
eBook · Instant PDF
The Candlestick Playbook
Read and trade 40+ candlestick patterns — with exact entries, stops and exits.
Video Course · 12 modules
The Price Action Masterclass
Read clean charts the no-indicator way — pin bars, support & resistance, entries and exits.
Recommended MT4/MT5 Brokers
XM
- ✓ *FREE *$50 to start (withdrawable)
- ✓ Deposit bonus up to $5,000
- ✓ Negative balance protection
Trading forex and CFDs carries a significant risk of loss and is not suitable for everyone. Broker links are affiliate links — we may earn a commission at no cost to you.
Forex Strategy Download:
Enter Your Email Address below, download link will be sent to you.
Get Download Link