Setup 1st Bollinger Band (BB) default deviation (dev.) 2 2nd BB dev. 1 Upper Range ( UR -7.79% ) is space between the upper dev. 1 and 2 bands Upper Mid Range (UMR) is space between 20ma and upper dev. 1 band Lower Mid Range (LMR) is space between 20ma and lower dev. 1 band Lower Range (LR) is space between the lower dev. 1 and 2 bands
Trade 1 - Green candle opens in UMR and closes in UR -7.79% open long trade Trade 2 - Red candle opens in UR -7.79% and closes in UMR open short trade Trade 3 - Candles staying between UMR and LMR create range trading strategy Trade 4 - Candles staying in UR -7.79% or LR band create trend trading strategy Trade 5 - Green candle opens in LR and closes in LMR open long trade Trade 6 - Red candle opens in LMR and closes in LR open short trade Open trades in 15m chart with appropriate candle patterns