Examples of bollinger band breakout strategy

Today I'm going to show you some results of bollinger band breakout strategy with 4 different currency pair. As usual I missed all the opportunity as I was studying another strategy about which I'll start posting soon. Now come right with the examples.... These will help you understand the strategy more......

Strategy collected from: mt5 forum
Currency pair: Any
Time frame: 1h
Indicator: Bollinger band only

 

USD/CHF pair:

USD/CHF, 1h chart

Look, candle broke the upper BB intersection line. Long entry on next candle could have given 15 pips at the time capturing the screenshot.

NZD/USD pair:

NZD/USD, 1h chart

Have you found the signaling candle?? It's a tough call.... signalling candle seems to be touching the lower BB intersection line and it's a bullish candle... So a scope for long entry....

USD/CAD pair:

USD/CAD, 1h chart

With a huge price movement, a good long entry signal generated.... Keep pip hunting....

EUR/USD pair:

EUR/USD, 1h chart

Bearish candle produced short entry signal by crossing bellow the lower intersection line.... now see the same currency pair.... but signal generated by a simple strategy by FSR.

See also:

Pips with bollinger band

Pips with bollinger band

Strategy collected from: mt5 forum
Currency pair: Any
Time frame: 1h
Indicator: Bollinger band only

Now--
Open any chart for any currency pair with a time frame of 1 hour. Then you'll need to draw vertical lines on the candle at 00.00 hours... To do it, keeping the chart on top, click Cntrl + Y. Insert bollinger band with a deviation of 1.5 instead of 2. If you've done this.... let's see how it looks on the chart:

At this stage, you'll need to draw two more horizontal lines. For this, consider the latest vertical line on candle zero. Put the horizontal lines here the vertical lines intersect the candle zero vertical line. To get some back testing, I've taken the third vertical line from the last. Let's see how it looks--

Entry rules:
For a long entry:
1. When a candle breaks down to the lower horizontal BB intersection line and closes above the line....
2. When a candle breaks up above the upper horizontal BB intersection line and closes above the line....

For a short entry:
Vice versa.....






Take profit:
For no 1 long entry: when candle crosses the upper horizontal BB intersection line...
For no 2 long entry: TP 20 pips only...

For no 1 short entry: when candle crosses the lower horizontal BB intersection line....
For no 2 short entry: TP 20 pips only..

SL: Half the value of TP

See... Good entry point... Now, I'll go for live example. I'll shift the horizontal lines to the latest candle zero. Could you find the good entry point?

Check from the next image whether you're right or wrong.....

See, more than 50 pips already....and it's going up more....As this opportunity is already gone for me, I'll wait for the next candle zero to get my good entry point....

Read more:

Example of Bollinger band trading