Bollinger Bands Overbought and Oversold Strategy

 Upper band is overbougth, Lower band is Oversold.

Standard formula is:

2 Standard deviation and 20 period moving average.

In this Bollinger Bands Strategy

look for momentum trend:

1) Buy when the trend is Oversold

Short when the trend is Overbought

Markets: any.

How to this:

Apply a longer term Moving Average;

Time frame 30 min or higher;

Bollinger Bands (20 periods,2 Standard deviation);

34 Moving average smoothed ;

Stochastic indicator (5,3,3).

How Bollinger bands Overbought and Oversold Forex strategy works

Buy when the price is oversold, Stochastic indicator also in oversold and crosses upward but also above the 34 period moving average smoothed.

Short when the price is overbought, Stochastic indicator also in overbought and crosses downward but also below the 34 period moving average smoothed.

Exit when the position trades back middle band, at the predetermined profit target,

or exit when the price close a bar below/above the moving average.

Claim Free $30 No Deposit Bonus: https://bit.ly/36fiJS9

Download Link: https://bit.ly/2G1SvYr

 ✅XM Ultra Low Account

Low Spread No Swap No Commission

Link: https://bit.ly/3ZzvT4p

✅ $500 Deposit Bonus

Link: https://bit.ly/36ZeCrn

✅ $30 Welcome Bonus

Link: https://bit.ly/3CXOLSF

✅ Top 10 Copy Trading

Link: https://bit.ly/3QbqGgc

🔰 100K Free Giveaway

Link: https://bit.ly/3MmZPwK

🔰100% Deposit Bonus

Link: https://bit.ly/3QgiFXz

onlineblogger Tags : Forex Indicator

Subscribe by Email

Follow Updates Articles from This Blog via Email