I started testing a trend following strategy based on Bollinger Band on H4 and Daily timeframe.
Spotted this break of Bollinger compression on the H4 on this pair.
I'm testing 8 different stop placement on this strategy (4 based on the signal candle, 4 based on the previous low/high).
As shown on the graph, if my prediction to retest the lows is correct, that will be a trade giving great risk to reward ratio and great profit as well.
I will be testing various take profit placement as well to bank some profits along the way but continue to follow the trend as long as possible.
Spotted this break of Bollinger compression on the H4 on this pair.
I'm testing 8 different stop placement on this strategy (4 based on the signal candle, 4 based on the previous low/high).
As shown on the graph, if my prediction to retest the lows is correct, that will be a trade giving great risk to reward ratio and great profit as well.
I will be testing various take profit placement as well to bank some profits along the way but continue to follow the trend as long as possible.
Trade closed: stop reached:
Price retraced up to trailed stop : total profit of 633 pips on this trade
Stop has been trailed a couple times, now in the 1,9606 area with about 570 pips profit secured already.