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Thread: Bollinger Band and Stoch Strategy

  1. #1
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    Default Bollinger Band and Stoch Strategy

    Hi all,

    bhaiyo ye system asal mein mujhe mila hai, aur abhi tak ka H4 ka sabse badiya system mujhe ye laga hai, to main bhi is system par practice kar raha hoon, agar aapko pasand aaye, to aap bhi iska use kar sakte hai.

    The Bollinger Band Swing Trading System is a very simple forex trading system to follow.

    In general, here is how the Bollinger Band Swing Trading System works:

    when price is touching the outer lines of the bollinger band, it may be due for a reversal, so you look for a reversal candlestick signal to trade.
    for example, if the price has been going up and touches the upper bollinger band line, you go short(sell). Do the opposite when price touches the lower bollinger band line.
    The middle bollinger band line can be used as a reference line to move a profitable trade to breakeven or also can be used as a profit target.
    The stochastic indicator is used as a filter for the trades

    Requirements(What You Need)

    What Currency Pairs Can you trade this system with? :Any

    What is the suitable timeframe for this trading system? 4hr, anything less is not suitable.

    Forex Indicators Required: Bollinger Band (settings: period 20, standard deviation 2) & stochastic indicator (13,5,5)


    Anything Else Required?: Yes, ability to spot reversal candlesticks likes, dojis, inside bars, bearish and bullish haramis, shotting star, hammer etc.




    To Buy:

    (1) price must be touching the lower bollinger band line (and may close below it too)

    (2)look at the stochastic indicator to see if the two lines are below 20(oversold condition).

    (3)then look at the closing candlestick to identify if its a good bullish reversal candlestick? What you need to look for a bullish reversal candlesticks like, hammer, inside bar(or bullish harami formation).

    (4) Once you see a suitable bullish reversal candlestick pattern, play a pending buy stop order 2-5pips above the high of that bullish reversal candlestick pattern.

    (5)Place your stop loss 10-20pips below the low of the bullish reversal candlestick. You have to make sure your stop loss is not to close, otherwise you may get stopped out prematurely.

    (6)For take profit target options, here are couple of options you can use:

    the middle bollinger band line can be used are you take profit target, once price reaches it, you exit your profitable trade.
    the middle bollinger band line can also be used as a “Take Profit Target Level 1″ meaning can close half (or whatever amount) of your trade when price reaches this and you keep the rest running until price reaches the “Take Profit Target Level 2″ which would be the Upper Bollinger Band Line.
    Or you can aim to exit your trade when price reaching the upper bollinger band line so when price touches(reaches) this line, you exit immediately.
    (7)Trade Management: Move stop loss to break-even when price touches the middle bollinger band line. But you need to be aware this may not be suitable on certain times because the price may be too close and this may cause you to get stopped out only to find out later the price moves as expected. So keep 15-30 pips distance when move your stop loss to breakeven.


    Sell Rules:

    (1) Do the exact opposite of the buy rules.

    (2) Look for bearish reversal candlestick patterns like shooting star, bearish harami(inside bar), dojis.

    Pitfalls to Watch Out For with the Bollinger Band Swing Trading System

    In a strong trending market, prices will be hugging the upper/lower bollinger band lines and you may find out you will get stopped out frequently if you are looking for reversals of that trend.
    Do not enter using market orders. It is preferable to use sell stop or buy stop orders based on reversal candlestick patterns you see.


    Thank you.
    Last edited by Kinglord; 11-29-2014 at 07:42 AM.

  2. #2
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    Default

    Quote Originally Posted by Kinglord View Post
    Hi all,

    bhaiyo ye system asal mein mujhe mila hai, aur abhi tak ka H4 ka sabse badiya system mujhe ye laga hai, to main bhi is system par practice kar raha hoon, agar aapko pasand aaye, to aap bhi iska use kar sakte hai.

    The Bollinger Band Swing Trading System is a very simple forex trading system to follow.

    In general, here is how the Bollinger Band Swing Trading System works:

    when price is touching the outer lines of the bollinger band, it may be due for a reversal, so you look for a reversal candlestick signal to trade.
    for example, if the price has been going up and touches the upper bollinger band line, you go short(sell). Do the opposite when price touches the lower bollinger band line.
    The middle bollinger band line can be used as a reference line to move a profitable trade to breakeven or also can be used as a profit target.
    The stochastic indicator is used as a filter for the trades

    Requirements(What You Need)

    What Currency Pairs Can you trade this system with? :Any

    What is the suitable timeframe for this trading system? 4hr, anything less is not suitable.

    Forex Indicators Required: Bollinger Band (settings: period 20, standard deviation 2) & stochastic indicator (13,5,5)


    Anything Else Required?: Yes, ability to spot reversal candlesticks likes, dojis, inside bars, bearish and bullish haramis, shotting star, hammer etc.




    To Buy:

    (1) price must be touching the lower bollinger band line (and may close below it too)

    (2)look at the stochastic indicator to see if the two lines are below 20(oversold condition).

    (3)then look at the closing candlestick to identify if its a good bullish reversal candlestick? What you need to look for a bullish reversal candlesticks like, hammer, inside bar(or bullish harami formation).

    (4) Once you see a suitable bullish reversal candlestick pattern, play a pending buy stop order 2-5pips above the high of that bullish reversal candlestick pattern.

    (5)Place your stop loss 10-20pips below the low of the bullish reversal candlestick. You have to make sure your stop loss is not to close, otherwise you may get stopped out prematurely.

    (6)For take profit target options, here are couple of options you can use:

    the middle bollinger band line can be used are you take profit target, once price reaches it, you exit your profitable trade.
    the middle bollinger band line can also be used as a “Take Profit Target Level 1″ meaning can close half (or whatever amount) of your trade when price reaches this and you keep the rest running until price reaches the “Take Profit Target Level 2″ which would be the Upper Bollinger Band Line.
    Or you can aim to exit your trade when price reaching the upper bollinger band line so when price touches(reaches) this line, you exit immediately.
    (7)Trade Management: Move stop loss to break-even when price touches the middle bollinger band line. But you need to be aware this may not be suitable on certain times because the price may be too close and this may cause you to get stopped out only to find out later the price moves as expected. So keep 15-30 pips distance when move your stop loss to breakeven.


    Sell Rules:

    (1) Do the exact opposite of the buy rules.

    (2) Look for bearish reversal candlestick patterns like shooting star, bearish harami(inside bar), dojis.

    Pitfalls to Watch Out For with the Bollinger Band Swing Trading System

    In a strong trending market, prices will be hugging the upper/lower bollinger band lines and you may find out you will get stopped out frequently if you are looking for reversals of that trend.
    Do not enter using market orders. It is preferable to use sell stop or buy stop orders based on reversal candlestick patterns you see.


    Thank you.
    Bhai maine is waali trading strategy ko dekha hua hai isliye main bol sakta hu ki ye system muje accha laga hai. Main ye baat samajh sakta hu ki jab hamare paas me ek accha trading system hota hai tab uski madad se trading karna easy ho jaata hai hamare liye

  3. #3
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    ye ek badiya perfect trading system hai, main iska istemaal karta hoon, aur sahi entry le pane mein safal hota hoon, dusre trader ko salah dunga is system ko H4 par try kare kafi profitable hai.

  4. #4
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    Default

    Quote Originally Posted by Kinglord View Post
    ye ek badiya perfect trading system hai, main iska istemaal karta hoon, aur sahi entry le pane mein safal hota hoon, dusre trader ko salah dunga is system ko H4 par try kare kafi profitable hai.
    Ham log apni trading me kisi bhi tarah ka system use kar sakte hain jo hame jyada income dega aur jis par ham log depend bhi kar sakte hain. Bas yehi baat hamare liye jaruri hai ki hamara trading system accha ho

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    Quote Originally Posted by Resolve View Post
    Ham log apni trading me kisi bhi tarah ka system use kar sakte hain jo hame jyada income dega aur jis par ham log depend bhi kar sakte hain. Bas yehi baat hamare liye jaruri hai ki hamara trading system accha ho
    bhai jab system acha hota hai, to humari tradig mein profits ki umeed kafi bad jati hai, main to kahunga ki ye effective system hai, to iska use karna thik hoga bhai.

  6. #6
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    Default

    Quote Originally Posted by Kinglord View Post
    bhai jab system acha hota hai, to humari tradig mein profits ki umeed kafi bad jati hai, main to kahunga ki ye effective system hai, to iska use karna thik hoga bhai.
    Ham logon ko apni trading me is baat ka jyada dhiyan dena hota hai ki hame apni trades se profits mil raha hai ki nahi aur ham log fir is tarah ki trades ko kar sakte hain jis se income aa sake

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    Quote Originally Posted by Resolve View Post
    Ham logon ko apni trading me is baat ka jyada dhiyan dena hota hai ki hame apni trades se profits mil raha hai ki nahi aur ham log fir is tarah ki trades ko kar sakte hain jis se income aa sake
    bhai forex mein trading ushi tarah se karna chahiye, jisse humare ko nuksan kafi kam ho sake, aur profits acha kama sake, trading badiya karna hoga uske liye bhai.

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    Quote Originally Posted by Kinglord View Post
    bhai forex mein trading ushi tarah se karna chahiye, jisse humare ko nuksan kafi kam ho sake, aur profits acha kama sake, trading badiya karna hoga uske liye bhai.
    Har tarder yehi sochta hai ki usko apni trades me se incoem mil sake aur jo bhi uska loss ho raha hai wo usko control kar sake tabhi wo aage apni trades ko kar payega

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    Quote Originally Posted by Resolve View Post
    Har tarder yehi sochta hai ki usko apni trades me se incoem mil sake aur jo bhi uska loss ho raha hai wo usko control kar sake tabhi wo aage apni trades ko kar payega
    Haan bhai income kamane ki koshish to khair har koi karta hai, koi chahta nahi hai ki usko trding mein nuksan ho sake, lekin nuksan to hona hi hota hai bhai.

  10. #10
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    Quote Originally Posted by Kinglord View Post
    Haan bhai income kamane ki koshish to khair har koi karta hai, koi chahta nahi hai ki usko trding mein nuksan ho sake, lekin nuksan to hona hi hota hai bhai.
    Ye baat to ekdum sach hai ki traders logon ko kisi bhi time me losses hone lag jaate hain aur agar wo log apni trading me jyada careful nahi hote hain tab unko aur bhi jyada problems face karni pad sakti hai

  11. #11
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    Quote Originally Posted by Resolve View Post
    Ye baat to ekdum sach hai ki traders logon ko kisi bhi time me losses hone lag jaate hain aur agar wo log apni trading me jyada careful nahi hote hain tab unko aur bhi jyada problems face karni pad sakti hai
    Bhai loss jayda hone jab bhi lagte hai, to tab humare ko apni trade mein kafi jayda carefully hona pad jata hai bhai, trading mein loss ko control kiya ja sakta hai bhai.

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    Quote Originally Posted by Kinglord View Post
    Bhai loss jayda hone jab bhi lagte hai, to tab humare ko apni trade mein kafi jayda carefully hona pad jata hai bhai, trading mein loss ko control kiya ja sakta hai bhai.
    Ham log ko apni trading me kai baar aisa bhi ho jaata hai ki losses hone lagte hain kyuki hame pata hi nahi chal paata hai ki kis tarah ki trades se hame profits mil sakta hai

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    mujhe to ye trading system behad pasand aaya hai, h4 jaise time frame ke liye, mere hisab se shayad hi koi aur system aisa hoga jo acha trade entry deta ho bhai.

  14. #14
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    Quote Originally Posted by Kinglord View Post
    mujhe to ye trading system behad pasand aaya hai, h4 jaise time frame ke liye, mere hisab se shayad hi koi aur system aisa hoga jo acha trade entry deta ho bhai.
    Ham logon ke paas me agar ek best trading ka system ho jaata hai tab ham logon ke liye uski madad se trades ko kar paana aur bhi aasan ban sakega aur ham logon ki income theek ho jayegi

  15. #15
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    Quote Originally Posted by Resolve View Post
    Ham logon ke paas me agar ek best trading ka system ho jaata hai tab ham logon ke liye uski madad se trades ko kar paana aur bhi aasan ban sakega aur ham logon ki income theek ho jayegi
    Trading karne ke liye jab tak badiya trading system nahi ho jata hai bhai, tab tak humare ko trading kis tarah se karna hota hai, ye baat ka pata nahi chal sakta hai bhai.

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