Squeeze Reversal Forex Bollinger Band Strategy

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Squeeze Reversal Forex Bollinger Band Strategy

It is a system that works on a 30 minute or higher timeframe and applicable to forex, futures, indices and stocks.

Forex Indicators:

  • 3 bands indicator: setting
  • Bollinger Bands (120, 1) ;
  • Bollinger Bands (120, 2) ;
  • Bollinger Bands (120, 3) ;
  • Bollinger Band Squeeze;
  • Exponential Moving Average (4) (setting H1);
  • Exponential Moving Average (8) (setting H1).

Rules:

  • Check the price position.
  • If the price is on the one of the three Bollinger Bands on the lower or upper band check.
  • If the price rebounds.
  • If rebound entry position when EMA (4) crosses EMA (8).
  • The best entry is if the price bounces twice on the bands.
  • Do not enter if the price bounces off the first band (upper or lower).

Buy Entry:

  • Bollinger Band Squeeze flat
  • Price rebound on the one of the three lower bands
  • Enter when 4 EMA crosses upward 8 EMA.

Sell Entry:

  • Bollinger Bands Squeeze flat
  • Price rebound on the one of the three upper bands
  • Enter when 4 EMA crosses downward 8 EMA.

Exit position

Take profit on the middle band or at ratio 1.2 stop loss.
Initial stop loss 15 pips below or above entry position.

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