FREE FOREX STRATEGIES

Complex trading system #9 (H4 Bollinger Band Breakouts)

H4 Bollinger Band Breakouts

by Rpchost.com


Open the 4 hour chart and choose whatever currency you want.

Insert the Bollinger Band (20) indicator and be sure that its center line is appearing.

Identify 2 valid lower points OR 2 valid higher points in the Bollinger Band and drop a line from the first to the second line; it will be our break line.

Now when a candle closes above the break line issued from the higher points and in case the center line of the Bollinger band in the 1 hour chart crosses the break line then we have a LONG Trade.

If the candle in the 4 hours chart closes under the break line issued from the 2 lows points and in same time the center line of the Bollinger band crosses the break line in the 1 hour chart, then we are in a SHORT trade.

If the candle in the 4 hours chart closes under the break line issued from the 2 lows points and in same time the center line of the Bollinger band crosses the break line in the 1 hour chart, then we are in a SHORT trade.

I will give an example:

Open the 4 hours chart, open NZD/USD currency and locate the date 2008/1/16 2:00 AM EST

Bollinger Bands breakout strategy Forex

You can see the breakLine I dropped; it is a 2 lows points Bollinger Band which I mention it above

Now wait till a 4 hours candle break the BreakLine, you can see the candle (A) first breaked the Breakline, but is it a valid Sell Entry ? we must confirm it. So we open the 1 hour chart and locate the same Point (A) in the 1 hour chart.

Bollinger Bands breakout strategy Forex

We look at Point (A) in H1 and we locate its center Line (The Center Line of The Bollinger Band), as you remark that the center line didn't cross the Break Line as the candle A did; so it is not a valid sell entry, and as you can see the price go up again. So we wait another opportunity.

We reopen the H4 (4 hours chart) and wait till point (B) is formed, we see the H4 candle crossed the BreakLine, is it a valid sell entry ? we open the H1 chart and locate the Candle (B) , we look at the center line we see the center line crossed the breakLine so we do a short because we confirm the sell entry.

http://rpchost.com/

Another method: Bollinger Band Sharp Deviation Part I





http://forex-strategies-revealed.com/


I use the Bollinger Band which is a great indicator, I tried all combinations of indicators but none of them helped me as Bollinger Band did. My new posted technique is [H4 Bollinger Band Breakouts] it explains where and when to enter a trade try it and be familiar with it and in the future I will post a new technique on where to exit a trade and extract from the market the maximum pips we can.

Rpchost.com

Hi Edward,

I must say I am completely astonished at what i see on your website.. I came across your site 4 days ago and I'm really impressed..pls keep up the good work.
Pls will you be kind enough to tell me the best strategy/ies to trade eur/usd and gbp/usd cos these are the currencies i like trading.
I will be most grateful if obliged..

Warm regards,

Bright..

Hi Bright,

try advanced #3, 4, 5
and simple #14, 15, 16

Regards,
Edward

Hi Rcphost,

Thanks for sharing a strategy. Could you add a screenshot, I'm having some difficulties understanding the trading mechanism. Thanks a lot!

Fredri

Hi

I am having trouble understanding what you mean aswell but thanks very much for sharing. Much apreciated.

Simon
Australia

I am sorry guys if I didn't explain it well but you can see the full screenshots and explanation in Rpchost.com Forex Forum.

Joe Chalhoub

Joe, please give us a link to screenshots. Thanx