Simple Bollinger Signals is a method that generates signals for binary options high/low and for trading without binary. This trading system is based on Bollinger Bands and an signal indicator.
This strategy works on all time frame from 5 min and higher.
Currency pairs: EUR/USD, EUR/AUD, GBP/USD, GBP/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, AUD/JPY, EUR/CHF, EUR/JPY
Binary options high/low expiry time 3-5 candles.
All sessions trading.
Metatrader Indicators:
Bollinger Bands (period 22, deviation 2.0),
Bollinger Bands signals ( period 20, deviation 2.2, outs 1.2).
Fast Signal line 11 period, close, filter of trend for trading without binary options high/low (optional).
Trading rules Simple Bollinger Signals
first template
Buy
When the price out the lower band, wait the Bollinger Bands signals buy arrow.
Sell
When the price out the upper band, wait the Bollinger Bands signals sell arrow.
Second template for trading withou binary options high/low
Buy
When the price out the lower band, wait the Bollinger Bands signals buy arrow and that the signal line is green color.
When these condition are agree place a buy order.
Profit target at the middle band, opposite band or when signal line change color red to green.
Place initial stop loss 2-5 pips below the lower band.
Sell
When the price out the upper band, wait the Bollinger Bands signals sell arrow and that the signal line is red color.
When these condition are agree place a sell order.
Profit target at the middle band, opposite band or when signal line change color green to red.
Place initial stop loss 2-5 pips above the upper band.
This second template is good also for scalping and day trading.
Note: It's very important not to trade when the bands are too tight.
When you acquire experience the expiry time depends on the magnitude of the bollinger bands.
In the pictures Simple Bollinger Signals in action.
Free Download Simple Bollinger Signals
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