Thread: extremely simple strategy

This strategy is extremely simple and I use it to detect opportunities and it is very good.
If you open an H4 EUR/JPY chart and you insert the Bollinger Bands(20) indicator, if you observe the chart you will see that the bands are simply a Resistance and Support.The Upper band is a Resistance and the Lower Band is a Support. If you pay attention to the chart you will see that most of time the price hit the upper band then it retraces back to Lower Band, so how I trade is very easy,I wait till the price touches let’s say the upper band and closes under it (not above it) and wait till the candle is formed, when it finishes and the next candle opens under the previous Upper band then I enter a Short trade with target = 100 pips or until it touches the Lower Band. Same thing when it touches the Lower band and the candle closes above it, and the next candle opens above the previous Lower Band then I go Long with Target = Upper band or 100 pips. You can develop this strategy as I did, and you can profit a lot, I made more than 800 pips this month.

all i have to say: i tried a lot of systems, but iam tired now to test and to test and to test
and in the end: no holy grail!

i want to give you a good hint: try a trade replicator!
so you get professional signals directly in your account.
not only that you save a lot of time, no! you save also a lot of money, cause
that are traders who know what they do.

give it a try: ww w.software-for-metatrader.c om

this is no spam! this is a serious hint!

This indicator http://www.inddrakon.narod.ru Searching for a current moment in the market history. All similar moments shows in one picture. Builds channel as a graphic of prices. I recommend a large time frames. Very interesting (EURGBP,H4)