【Advanced S&R and Bollinger Band】Simple method yields 100 PIPS profit
Hello! Amida here.
How were your trading results this week?
In my strategy, I first Advanced S＆R levels to identify price support and resistance.
Next, Bollinger Band to analyze price volatility.
If the price touches the resistance band or Bollinger Band upper limit, set as a take-profit target.
Through this strategy, I have profited from various currency pairs and XAUUSD.
I will continue to use this strategy and participate in profitable entries.
Purchase here!
MT4 version link:https://www.gogojungle.co.jp/tools/indicators/46510
MT5 version link:https://www.gogojungle.co.jp/tools/indicators/46511
What Advanced S&R is
- Draws many support and resistance lines and automatically updates their characteristics.
- Equipped with the ability to bound support and resistance zones by the number of points.
- Uses smart calculations to compute the distance from currency pair prices to the support/resistance zones in points.
//―――Follow the strategy―――//
Advanced S&R (Support & Resistance) setting, and create strongS＆R zones
to set important parameters according to the trading timeframe.
o Timeframe：CURRENT PERIOD (set to match chart timeframe).
o →
o
o
SRLever:Set the support and resistance lines by priority:STRONG > MEDIUM > WEEK>>
Forex Majors (USDJYP , AUDUSD , EURUSD , GBPUSD, etc.)) for currency pairs,2030
※ Depending on currency pair and trading timeframe, you can adjust the above key parameters. This allows you to obtain optimal support and resistance lines based on the strategy.
Bollinger Bands settings
※ Expand the Bollinger Band period parameter from20502.53
//―――Entry steps are simple―――//
Buy entries
① Price touches the lower Bollinger Band line.
② Price touches the support line.
※ Signals trigger without a required sequence.
③ Buy entry occurs when price touches the moving average (MA20.
④ When price breaks throughMA20, there are two anticipated take-profit points:
Take Profit1: If price continues to rise and touches theAdvanced S＆R
Take Profit
Sell entries
① Price touches the upper Bollinger Band line.
② Price touches the resistance line.
※ Signals trigger without a required sequence
③ Sell entry occurs when price touches the moving average (MA20
④ When price breaks throughMA20
Take Profit1: If price continues to fall and touches theAdvanced SR
Take Profit: If price touches the lower Bollinger Band line.
//Try orders in actual trading
1031 day)
Adavanced S&R settings
Entry:
XAUUSD currency pair meets the following conditions:
Ø
Ø
Ø
Buy entry:1994.8
1990.6
If price touches the resistance line and the upper Bollinger Band, take profit was decided
Take Profit:2008.27 ～ profit
2- EURUSD 30
Advanced S&R settings：
Entry:
Ø
Ø
Sell entry:1.54
Stop loss:1.067
If price touches the spotlight, or the lower Bollinger Band, take profit was decided
Take Profit:1.059 ～ profit
Purchase here!
MT4https://www.gogojungle.co.jp/tools/indicators/46510
MT5https://www.gogojungle.co.jp/tools/indicators/46511
Easily profit from【 Easy Trend Pro + Advanced SR for MT4】
＞＞https://www.gogojungle.co.jp/tools/ebooks/46709
Easily profit from【Easy Trend Pro + Advanced SR + Account Dashboard Management MT4】
＞＞https://www.gogojungle.co.jp/tools/ebooks/46821
Please also refer to other articles.