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 an…
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