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Old 08-05-2007, 05:47 AM
Shinigami Shinigami is offline
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Join Date: Dec 2006
Location: Ukraine
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TF: H1, buystop and sellstop on bollinger bands squeeze. Levels outside BBands.
Also Buy if broke upper band and MACD going up last few bars (doesn't matter if over 0), RSI>50, Stoch not overbought, PSAR under the price.
Reverse for Sell.
Its simple - when all indicators show the same signal - go for it! Mostly successful deals if you enter manually, 50/50 if buy-stop and sell-stop (might reverse and make a bollinger bounce - a jump up to its middle). Gives signals once per few days.
You can use it on H4 with higher success. I don't recommend any indicators on lower timeframes unless those indicators were written for smaller timeframes.
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