Here is another very good trading system based on the Bollinger Bands indicator. The trading logic similar to the other Bollinger Bands Trading System. There is an additional element added to the Bollinger Bands trading system – Move Stop Loss to Break-even. The result is decreased draw-down and smoother equity curve.
This system is very good because has very clear trading rules – Bollinger Bands, Take Profit, Stop Loss and move Stop Loss to break-even. It performs best in trending markets with higher volatility. The added stop to break-even rule helps reduce the draw-down when the market conditions are sub-optimal for the system. This adds additional stability in lower volatility periods and ranging markets.
Trading system setup
Trading system identifier: 188.8.131.5205
Chart time frame: H1
Trading instruments: EURUSD, AUDUSD
- Bollinger Bands
Trading system rules
Trading system Bollinger Bands performance
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