I have read various different strategies on this site and other sites and tested many, but i believe the strategy i use is the best. Its very accurate and very simple, but you do need to be very patient as trades are very few in a day, but those trades that do come up are like i say "very accurate".
I normally get about 4 trades a day with this strategy, sometimes less sometimes more. To be quite honest hem losing trades are very rare and lets face it Thanks, I was using someting like that. Posted 05 November - When it is flat even SD2 is fairly reliable - 3 is safer but if the MA is up or down 45 degrees or more it can lose easily. Or a news break etc. Sometimes the price is several candles in the same direction, which would be a filter to remove these false entries?
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But similar to Billy Kay. Very few setups on that. Around per day per pair. I normally trade about 9am until 6pm GMT. I have noticed trade oppertunitys after that time though.
Thanks Madd-Dawg for that indi I'm not sure if any indicators could filter out losing trades, but to be honest losing trades have never really been a concern as they are very rare. The winning trades by far outnumber the losing trades. Maybe comedian has the answer with only trading it when middle line is flat. But I just trade any time a candle completely closes outside of the bband, I don't look at how price is acting or bother about news.
Both corners of the candle have to be completely out of the bband and that's been good enough for me. But if anyone wants to try and test it with not trading when news is out and only trading when middle line is flat, please let us know on here your results.
Matt-Dawg, Tapiwa and anopasilver like this. Im not sure why you say that because i have traded it in trending markets and its ok. Make sure previous candle closes with both corners completely outside of 20 3 bollinger band. Thank you Yes sorry maybe i didnt explain it properly.
When i say completely close outside i just mean the top part of both corners need to close outside of the upper bband And bottom part of both corners when it hits the lower part of bband. Price kept going up and up on his 5m you can guess what happend even m1 can have up to 10 candles.
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