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Power Forex Bollinger Band Strategy
This strategy is applicable to all currency pairs and is fit on a 15 minute or higher timeframe.
Forex Indicators:
- Bollinger Bands (250; 2); (250;2).
- MA 250 Low; MA 250 High
- 80 Ema
- Stochastic (100, 3, 3)
Long Entry:
- The price must be above 250 SMA Green line.
- 80 EMA must be above 60 line.
- Stochastic is buy greater green line.
Short Entry:
- The price must be below 250 SMA line.
- 80 EMA is below 40 line.
- Stochastic is sell less than red line.
Exit position:
- For buy, set stop loss at 250 EMA low.
- For sell, set stop loss for sell is 250 EMA high.
- Take Profit are the bands or ratio 2:1 stop loss.
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