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SVE Forex Bollinger Band Strategy
This system uses 4 hour chart and is applicable to any currency pair.
Forex Indicators:
- Bollinger Bands(20, 2)
- SVE Bollinger Bands (set default)
This is how we look at this strategy. Observe the chart and you will notice that the bands that you see are the representation of support and resistance. The lower band represents the support and upper band is the resistance.
Here is how to use the strategy:
For buy entry:
- The price must touch the lower band,
- Wait for the next bar or candle to enter the trade.
- Take profit at the middle band.
For short entry:
- The price must touch the upper band.
- Wait for the next bar or candle to enter the trade.
- Take profit at the middle band.
Other condition for trade is
For Buy:
- SVE Bollinger Bands crossed from bottom to Top Red Band.
For Sell:
- SVE Bollinger Bands crossed from Top to Bottom Green Band.
Stop Loss on the previous swing.
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