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This strategy is a variation of reversion strategies based on the “Bollinger Bands” indicator. The strategy is easy to master and uses a technical indicator pre-installed in any MT4 terminal. Therefore, standard instruments are all that a trader needs. The strategy is applicable to all currency pairs, such as EUR / USD, GBP / USD, AUD / USD, CAD / USD, NZD / USD, and USD / JPY. All popular time – frames may be applied: M15, M30, H1, H4, and D1. Indicators used:
Bollinger Bands (Period 20, Shift 0, Deviation 2) – the green lines on the chart
Bollinger Bands (Period 20, Shift 0, Deviation 2) – the orange lines on the chart
MACD( Fast EMA 15 ,Slow EMA 26, MACD SMA 1)
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