Recommended timeframes H4
Instruments: All
Timeframe: M15 and above
The indicators to be used:
- Moving average (Period 100, Exponential, High);
- Moving average (Period 100, Exponential, Low);
- Bollinger Bands (Period 10, Deviation 2.3).
Requirements for making a buy transaction (Fig. 1):
- Uptrend.
- The price is above the red line (Moving average (Period 100, Exponential, Low)).
- Wait for the moment when the price either reaches or breaks down the bottom line of the Bollinger bands.
- Buy when the price goes back above the bottom line of the Bollinger bands, or at the opening of the next candlestick.
Fig. 2
Conditions required for closing transactions:
- Close the order if the price either reaches or breaks down the bottom line of the Bollinger bands.
- Stop Loss is at the level of the nearest high.
- Take profit is in the ratio of 2:1 to Stop Loss.
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