Breakout Forex Bollinger Band Strategy

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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).

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