Forex VPS
Link https://www.cryptoder.com/en
Forex VPS
ForexFunction Logo

"Forex trading involves a high level of risk"

Forex VPS
 Market Comments |  Technical Indicator Signals |  Cross Pair Rates |  Live Spread |  Live Charts |  Daily Pivot Points
Intraday trading strategy of Bollinger Bands - Forex Function

Intraday trading strategy of Bollinger Bands

Last Update: 08 February,2015
Print PDF

Bollinger Bands can be used for intraday trading purpose. This is simple and profitable strategy. You can get signals everyday from this strategy. In Bollinger Bands indicator, you will see 20 SMA as a middle band. This band acts as support and resistance. This strategy is based on this middle band breakout. You can use this intraday strategy as scalping purpose.

Required indicator:
Bollinger Bands indicator.

How to get buy signal
20 SMA will act as resistance for uptrend market. When price breaks 20 SMA from lower to upper and candle close below 20 SMA, then you can take buy. You need to wait for successful breakout of 20 SMA. After breakout, you have to enter buy to the next candle. You can see details on below image.

How to get Sell signal
20 SMA will act as support for downtrend market. When price breaks 20 SMA from upper to lower and candle close below 20 SMA, then you can take sell entry. You need to wait for complete breakout of 20 SMA. After breakout, in the next candle you can take sell entry. You can get details of sell entry on below image.

bollinger-band-day-trading-strategy

Time frame: H1 time frame is suitable. You can also use higher time frame.

Currency pairs: All pairs.

Take profit and Stop loss: You can set 40-60 pips take profit. You can close your trade when price reaches overbought or oversold area. For buy entry, you need to close when price touches higher bands. For sell entry, you need to close your trade when price touches lower bands.
You can set 25-30 pips stop loss for every trade.

Risk warning: For following this strategy, you need to follow money management theory. You should take only 1-2% risk for every trade. You must wait for complete breakout of 20 SMA for take any type of entry. So you need to make some practice on this strategy on demo account, then you can use it on your real account.


Submit Your Comments:

 Forex Trading VPS


FOREX FUNCTION MEMBERSHIP

FF FOREX VPS
Windows 2008/2012 | Server Location Amsterdam, France, Canada | Low Latency From Brokers| Super Fast Trading Experience | All types of EA supported | 3 Days Money Back Guarantee

Plan NameBuy Link CPU RAM Disk BandWidth Price (Montly)Price (Quarterly)Price (Semi-Annually )Price (Annually) InstallationBackUpSetup Fee
Economy buy now2 Core 756MB 15GB 1TB $6.50/M$6.20/M$5.90/M $5.50/M MT4 Pre-InstalledYesFree
Standard buy now 2 Core 1GB 25GB 1.5TB $8.50/M$8.20/M$7.90/M $7.50/M MT4 Pre-InstalledYesFree
Premiumbuy now 2 Core 2GB 40GB 2TB $16/M$15.50/M$15/M$14.50/M MT4 Pre-InstalledYesFree
Advanced buy now4 Core 3GB 60GB 2.5TB $26/M$25/M$24/M $22/M MT4 Pre-InstalledYesFree
Professionalbuy now 4 Core 4GB 80GB 3TB $33/M $32/M$31/M$29/MMT4 Pre-InstalledYesFree
Business buy now 4 Core 6GB 100GB 4TB$46/M $45/M$44/M$42/MMT4 Pre-InstalledYesFree
Platinum buy now 4 Core 8GB 120GB 6TB $59/M $58/M$57/M$55/M MT4 Pre-InstalledYesFree
Diamond buy now 4 Core 12GB 180GB 8TB $89/M $87/M$85/M$81/MMT4 Pre-InstalledYesFree

***We accept Neteller, Skrill, MasterCard, Paypal, Payza, Perfect Money, Webmoney !