This is a method have been backtested and paper traded from January to June this year with a result of 3270 pips profit.
I got inspiration from two of my favorite traders from this forum, Kharvell and Steviet. Took their best parts and added my own style
It is adjusted to be traded at 1H time frame and GBP/CHF, but I'm sure it will work with many pairs with a little tweaking.
What do you need?
EMA 250
Bollinger bands period 20 and deviations 2.0
Bollinger bands period 20 and deviations 2.5
What is the EMA for?
That is our "trend" indicator.
If price is below we are ONLY interested to sell.
If price is above we are ONLY interested to buy.
How about the Bollinger bands?
We know that price likes to stay between the bands most of the time, and some times price go wild and explodes in either direction.
But most of the time price respects the BB as support/resistance.
There are two kinds of trades from the BB.
* Based from the outer bands
* Based from the middle band (which often leads to those wild explosions)
I got inspiration from two of my favorite traders from this forum, Kharvell and Steviet. Took their best parts and added my own style
It is adjusted to be traded at 1H time frame and GBP/CHF, but I'm sure it will work with many pairs with a little tweaking.
What do you need?
EMA 250
Bollinger bands period 20 and deviations 2.0
Bollinger bands period 20 and deviations 2.5
What is the EMA for?
That is our "trend" indicator.
If price is below we are ONLY interested to sell.
If price is above we are ONLY interested to buy.
How about the Bollinger bands?
We know that price likes to stay between the bands most of the time, and some times price go wild and explodes in either direction.
But most of the time price respects the BB as support/resistance.
There are two kinds of trades from the BB.
* Based from the outer bands
* Based from the middle band (which often leads to those wild explosions)