Sometimes people look for complicated strategies on the basis that simple ones simply cannot be true. When this happens, the overdose of information that the trader looks for can result in analysis-paralysis. He is then so overloaded with expert advice that he does nothing.
Here is a simple strategy giving a good return. There is no need to be tied to the computer, just use a 15 minute chart and look at it from time to time.
o Trade between 8.00am and 5.00pm unless already in a trade.
o Buy or sell when the candle on 15 minute chart crosses (and closes) the middle Bollinger Band.
o MACD supports the direction of the candle.
o Close when the candle again crosses (and closes) the middle Bollinger Band.
o All spikes are to be ignored.
This is so simple and ignores masses of technical indicators but gives a great result.
During the period 10th January to 14th March 2012, 100 trades were taken and the results noted. The starting capital was €1,000 and the trade size was €50,000 in every trade.
Number Result Average Result Average
Of Trades …