In this Article i will discuss the strategy which i m using in Strategy Contest for December month,i used William % R , Bollinger Band and Percentage Bollinger Band indicator. The system is good to take trade for 30SL and 15 TP on 30 min time frame which u can be used in EUR/USD so lets have a look from setting up chart and entry of trade.
Setting up Chart
Choose the currency pair such as like EURUSD and set time frame 30 min and add Indicator,
1) Bollinger Band (20,2).
2) William % R(14) level (-10 and -90).
3) Percentage Bollinger Band(20,2) level (90 and 10).
After adding up those indicators Charts will look like this -
1) Trade Entry
1.1) Buy Entry
When William % R value below -90 and Percentage Bollinger Band value below 10 and price above the Lower Bollinger Band,we enter in Buy,as example given below with attached image :-
1.2) Sell Entry
When William % R value above -10 and Percentage Bollinger Band value below 90 and price under Upper Bollinger Band closed we enter in Sell trade,as example given below with attached image :-
I am attaching back-test report of this strategy for November month.
I am also attaching a live video of back-testing so get an idea wh…