Bollinger Band (BB) has always been the indicator used by many global traders to measure volatility - leading today. The reason it is used is that there are statistics that when the price breaks out of the upper or lower band, it has gone too much and potentially reversed.

The indicator should be used:
  • Including 2 Bollinger Bands with parameters of (100,2) and (100,3) respectively
Enter a buy order
  • Price hits the lower edge of the Bollinger Band (100.2)
  • Place your first buy order, with taking profit and no stop loss (small volume)
  • If the price continues to go down (in the opposite direction), every 30 pips will be filled with available pending orders (no stop loss). Volume increase rate see below
  • Closing orders when there is a word

Enter a sell order
  • Price hits the upper edge of Bollinger Band (100.2)
  • Place your first sell order, with taking profit and no stop loss (small volume)
  • If the price keeps going up (in the opposite direction), every 30 pips will be filled with available pending orders (no stop loss). Volume increase rate see below
  • Closing orders when there is a word

Order filling level: 0.01, 0.02, 0.03, 0.05, 0.08, 0.11, 0.15, 0.2, 0.25, 0.32, 0.4, 0.5, 0.65, 0.8, 1, 1.2, 1.5, 1.8 2.1, 2.4, 2.7, 3 .

Profit-taking target for orders in both buying and selling directions
  • GBP / USD, USD / JPY, USD / CAD, EUR / JPY 15 pips
  • EUR / CHF 12 pips
  • EUR / USD, EUR GBP, USD / CHF, AUD / USD 13 pips.
  • Grid: GBP / USD, USD / JPY, USD / CAD, EUR / JPY, 30 pis.
  • EUR / CHF, 20 pips,
  • EUR / USD, EUR GBP, USD / CHF, AUD / USD 25 pips.
Tips:

Remember that this tactic can kill your account

1. When to use this tactic?
  • It is best when the market goes sideways
  • Should be applied to currency pairs where the price is sideways on the daily chart
  • The best way to find a sideways market is when it creates a horizontal and parallel price channel
  • In trending markets, this will kill your account
2. Capital management
  • If you can use this strategy in the sideways phase, you can make a lot of money
Some comments:
  • The author uses 2 Bollinger Bands (100,2) and (100,3) but in this tactic, there is no mention of using BB (100,3).
  • The difficult thing is to find out which phase in the market is sideways. If using Indicator, you can use ADX or other indicators to detect the sideways phase
  • The tactics of using Martingale (stuffing commands with increasing volume) are always very capital intensive and especially mentally solid. Just a long false period will push the order volume up and can burn the account immediately if the price goes in a very strong direction without recovering or recovering very little.
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