I like testing different settings for trading. Newest setup and strategy I found is double Bollingers and stochastic. Our chart setup will be:
Timeframe: 5min
Bollinger 1: 21
Bollinger 2: 89
Stochastic: 5;3;3

Bollinger 1 will be our main trend indicator and Bollinger 2 will be bigger trend indicator. Bollinger 2 will tell us when not to trade and when we trade.
We can use stochastic to get enter signal. But scalpers who make short trades can trade without stochastic also.
Our chart will look like this:

Rules:
DO NOT TRADE when Bollinger 1 is in the center of Bollinger 2 or crosses the central band of Bollinger 2.
BUY: When the Bollinger 1 band is above the central band of Bollinger 2 and price is above the central band of Bollinger 1. We also can buy when Price bounces on lover band of Bollinger 1 when the lower band of Bollinger 1 is on or very close to the central band of Bollinger 2.
Buy signal from stochastic: Stochastic have to be below 50 or 20 and show sign of strength while price slows down on central and lower band of Bollinger 1.
Sell: When Bollinger 1 is below the central band of Bollinger 2 and price is bellow central band of Bollinger 1. We also can sell when price bounces from upper band of Bollinger 1 if the upper band of Bollinger 1 is on or very close to the central band of Bollinger 2.
Sell signal from Stochastic: Stochastic have to be above 50 or 80 and show sign of strength while price slows down on the central and upper band of Bollinger 1.

EXITS: Depends on the traders' style. We can use small standard stop loss and take profit like 5-10, 10-20 and etc, depending on market volatility, we can use nearest support and resistance as stop loss and ride the trend buy trailing stop loss. and etc.

BUY CHART
As you can see in the chart above we take trades when price is retraces to central line and lover band of Bollinger 1( when it is very close to the central band of Bollinger 2). If we would use all Stochastic signals We could make 10 trades. Only two of them would fail buy triggering stop loss.

SELL CHART

As I wrote above in rules we don't trade when Bollinger 1 is at the center of Bollinger 2 or crosses it.
We have 8 signals from stochastic and only 2 of them would trigger stop loss.

I came across this setup two weeks ago, so I didn't have enough time to test it. But traded with it couple of times and it mostly gives good options. Please feel free to test, upgrade and share the results with us.
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