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Trading Systems and Strategies
Bolinger Band Long Term Strategy
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[QUOTE="Sudheer Malik, post: 139498, member: 51594"] Hello trader, I am Sharing with you Bolinger Band Long Term Strategy Add Bollinger Band Indicator on your chart with default setting and you have to know about it see Pic-01 [IMG]http://www.myforexview.com/DEMO%20/b01.jpg[/IMG] [B][U]Buy Trade[/U] Time Frame D1[/B] when Candle close above of upper Band then 2nd Day put pending order buy stop 20 pip above of previous day candle close please see Pic-02-03-04 [B]STOP Loss[/B] 20 pip below the middle band [B]Take Profit [/B] Minumum Take profit is 200 pip and better to use 1:3 Risk Rewrd if your average stop loss is 200 Pip Use Take Profit 600 Pip [B][U]Sell Trade[/U] Time Frame D1[/B] when Candle below of Lower Band then 2nd Day put pending order Sell Stop 20 pip below of previous day candle close [B]STOP Loss[/B] 20 pip above the middle band [B]Take Profit [/B] Minumum Take profit is 200 pip and better to use 1:3 Risk Rewrd if your average stop loss is 200 Pip Use Take Profit 600 Pip [IMG]http://www.myforexview.com/DEMO%20/b02.jpg[/IMG] [IMG]http://www.myforexview.com/DEMO%20/b03.jpg[/IMG] [IMG]http://www.myforexview.com/DEMO%20/b04.jpg[/IMG] First Try Its On DEMO when you see its perfect then trade on Real always take risk 02% Maxium of your Total Investment Thank You if any question please can ask me [B]See more pic to clear its. [/B] [IMG]http://www.myforexview.com/DEMO%20/b05.jpg[/IMG] [IMG]http://www.myforexview.com/DEMO%20/b06.jpg[/IMG] [/QUOTE]
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