FLAT Bollinger Band System - MT4/MT5 Resources

Flat Bollinger Bands (BB) system. For basic functionality we use the TF H1.

The parameters of H1 are as follows:

Bollinger Bands 24 (24 hours) applies to HLCC/4 daily
Bollinger Bands 120 (120 hours) applies to HLCC/4 weekly
Bollinger Band 480 (480 hours) Apply for HLCC/4 monthly

Then check, any of these three BBs are in condition?

If no one pings, you need to wait or go to other pairs.

If you find one of the three BBs is then...check the price position!

Is the current price in the lower part of the area or the upper area BB? If yes..check if the price rebounded now? If so, you can enter it here.

How do we know she has bounced back now? So far, we can use virtually any indicator. Very importantly, now that we know BB is flat, we know where the price is!

But usually we just use the Simple Moving Average (SMA). In we can use MA4 to cross MA8 and enter. Sorry about the MACD below, it actually doesn't work! But if you want to use MACD please set the parameters to 4,8,1 (only for H1)

If you want to get into M15 you can use MA16 crossed MA32 (H1 = 4 x M15) or MACD 16,32,1