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With the Robust Bollinger Bands Swing Trading Strategy, you will be able to buy low and sell high as it provides a very low risk against a very high reward ratio, and also the flexibility in terms of timeframe use. For this particular trading strategy, the timeframe that can be used is the 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes and even the Hourly chart. You can use this strategy on any currency pair.
Chart Setup
It is important that you set up your charts right in order to get the best results from this trading strategy. So please make sure to follow all the provided guidelines so you can get the best trading experience from this trading strategy. We trade on 15-Minutes timeframe using this strategy.
For this strategy, we will use Bollinger Bands Indicator as our signal generator and Moving Averages Indicator as our signal filter which can be found in MetaTrader4 Indicators inside Trend folder. Below you can see the settings we use in this trading system.
Input for Bollinger Bands Indicator parameters
- Period: 20
- Shift: 0
- Deviations: 2
- Apply to: Close
- Style: Black
Input for Moving Averages Indicator parameters
- Period: 200
- Shift: 0
- MA Method: Exponential
- Apply to: Close
Buy Trading Strategy
The black circle indicates entry(buy) signal, while the purple circle indicates exit(buy) signal
As you can see in the picture above, proceed to buy only when all of the following conditions below occurred:
Entry signal
- The lower Bollinger Bands must be higher than the Moving Average
- The current candle bar’s low is lower than the lower Bollinger Bands
- The current candle bar must close higher than its open price
Exit signal
- The current candle bar’s high is higher than the upper Bollinger Bands.
You can use the current candle bar’s low as your trailing stoploss level when executing the buy entry signal.
Sell Trading Strategy
The black circle indicates entry(sell) signal, while the purple circle indicates exit(sell) signal
As you can see in the picture above, proceed to buy only when all of the following conditions below occurred:
Entry signal
- The upper Bollinger Bands must be lower than the Moving Average
- The current candle bar’s high is higher than the upper Bollinger Bands
- The current candle bar must close lower than its open price
Exit signal
- The current candle bar’s low is lower than the lower Bollinger Bands.
You can use the current candle bar’s high as your trailing stoploss level when executing the sell entry signal.
