BB Breakout Forex Strategy

Indicators:
Bollinger bands (20, 1);
Bollinger bands (20, 2);
MACD (12, 26, 9);

optional filters
Squeeze break
expiry time with green bar 3 candles, expiry time with red bar 5 candles.

Trading rules Double Bollinger Bands Breakout

Buy
Wait for one of the candlesticks to close above the Bollinger Bands (20 , 1) upper band and at the same time the two previous candles (bars) are closed right below the Bollinger Bands (20: 1) upper band.
MACD > 0 aqua color.

Sell
Wait for one of the candlesticks to close below the Bollinger Bands (20 , 1) lower band and at the same time the two previous candles (bars) are closed right above the Bollinger Bands (20: 1) lower band.
MACD > 0 aqua color.

Exit position
Make profit with ratio 1.3 stop loss.
Place initial stop loss 2 pips above/below the middle band.

Do not trades when the prices is squeeze into the bands.

double-bollinger-bands-breakout

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