In this Article i will discuss the strategy on use of William % R and Bollinger band that can be used with any currency pair but better work on Major pair. the system is good to take trade for 15-20 min time frame which u can be used in binary option or scalping so lets have a look from setting up chart and entry of trade.

1) Setting up Chart

Choose the currency pair such as like EURUSD and set time frame 5 min and add Indicator,

1) Bollinger Band (20,2)

2) William % R value -10 and -90


2) Trade Entry

2.1) Buy Entry


When William % R value below -90 and price below Lower Bollinger Band closed we enter in Buy trade for 15-20 min Time Frame, as example given below with attached image :-


2.2) Sell Entry

When William % R value above -10 and price above Upper Bollinger Band closed we in sell trade for 15-20 min Time Frame, as example given below with attached image :-



Note :-

Never Enter trade when price is in expansion or squeeze mode which can be easily identified by Bollinger Band , as example give below on attached Image :-


1) Price Expansion


2) Price Squeeze



Conclusion :-

Use of William % R and Bollinger band is good to use for scalping and Binary option trade , but be cautious in to avoid the Price Expansion and price Squeeze mode which is easily identified by Bollinger Band .

Thank you for reading and Happy Trading .
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