This strategy is a trend trading strategy that combines 2 technical indicators Bollinger Bands, Awesome indicator, and supports resistance.

Notice the following when using the strategy:
  • Timeframe: M15 and above.
  • Currency Pairs: All currency pairs.
  • Technical indicators: Awesome indicator, Bollinger Bands indicator (20, 2), and indicator identifying support for resistance.
Trading principles



For buy orders:
  • First, based on the support-resistance indicator, we identify the need to break above a psychological resistance.
  • Then we check that the Awesome indicator should be green.
  • Open a long position when the price closes above the upper band of the Bollinger Bands indicator.
For sell orders:
  • First, based on the support-resistance indicator, we identify the need to break below psychological support.
  • Then we check that the Awesome indicator should be red.
Open a short position when the price closes below the lower band of the Bollinger Bands indicator.

Exit the command
  • Place the stop loss 5 pips from the support (for short orders) and 5 pips from the resistance (for long orders).
  • Set a profit target of 15 to 25 pips to change the price of the pair in H1 frame. Or you could move the stop loss along if the price continues to move in a direction that is in favor of our strategy.