Bollinger breakout system - MT4/MT5 resources
Hi
Okay, for those of you who know me, I share a lot of methods
I'm sure this is my final approach
Stop loss is 40 pips, target is 250 pips
I'm using Bollinger Bands the right way
Basically, when price breaks the upper limit, go long and hold until it reaches 250 pips or - 40 pips stop loss or reversal signal
So sometimes you get some stops and then you get a big move of 250 pips
Stop loss is 40 points, target point is 250, risk reward ratio is 6-1
Only trade the opposite direction on a breakout of the range
So let's say the price breaks the top with entry and stop loss reaches - 40 pips
If there is a reversal signal of the bottom band, enter the sell position and close the long position
it's easy
Alerts or EA would be great
Attached template
Good luck
Okay, for those of you who know me, I share a lot of methods
I'm sure this is my final approach
Stop loss is 40 pips, target is 250 pips
I'm using Bollinger Bands the right way
Basically, when price breaks the upper limit, go long and hold until it reaches 250 pips or - 40 pips stop loss or reversal signal
So sometimes you get some stops and then you get a big move of 250 pips
Stop loss is 40 points, target point is 250, risk reward ratio is 6-1
Only trade the opposite direction on a breakout of the range
So let's say the price breaks the top with entry and stop loss reaches - 40 pips
If there is a reversal signal of the bottom band, enter the sell position and close the long position
it's easy
Alerts or EA would be great
Attached template
Good luck
























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