Enter BUY (Open BUY) and exit BUY (Close option BUY)
- The first candle closes beyond the bands below.
- The second closed candle is inside bands.
- MACD created a bottom, an upward trend.
- Enter the order on the 3rd candle.
===> Exit command(Close): When candles touch bands between or bands for parties.
Trading on Bollinger Bands
- The first candle closed out of the bands above.
- The second closed candle is inside bands.
- MACD created a peak, a downward trend.
- Enter the order on the 3rd candle.
===> Exit command(Close): When candles touch bands between or bands for parties.
This is just a very basic strategy, in addition we can incorporate many more indicators. Especially the candlestick combined with Bollinger Bands is one of the most interesting methods.
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