hibra68 replies to: Double Bollinger Rubber Band

ok so I’ve been playing aorund with double bollinger bands and I have another trading idea. I’ve looked at this on GJ and GU. still using the double bollingers with standard deviation of 1 and 2 and MA of 14, look at the 15 minute timeframe. When price closes below the lower BB (the navy one), buy at open of next bar with a TP of 5 pips and a SL of 10 pips. If stopped out, immediately open a trade again in the opposite direction (go short). Reverse for longs.

The close must not be touching the BB, it must clearly close beyond it.

Attached Image (click to enlarge)

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