Bollinger Trender Trade Setup

BOLLINGER TRENDER SETUP

This Strategy is a combination of the classic Bollinger Bands Breakout :

While the Market keeps inside the Bollinger, nothing happens. 

The bars can be outside of the bands, but the setup is looking for a bar closing outside, like on the trade shown by a blue Arrow :

This setup is useful on volatile markets where after a breakout there is no pullback, but on usual price action, the market tends to have a minor breakout from the bollinger and then a pullback.

This is what we are looking for in the Bollinger Trender : the gold arrows show a long and a short trend.

The Long happened just after a small breakout above the upper bollinger band, not enough for a target on the classic breakout setup, but enough to get a winner on the pullback.

The short instead, happened after a successful breakout trade below the lower bolllinger band, and it also produced a winner.

Targets are smaller, of course, but also the risk.

The interesting feature of this setup is its simplicity, and so, the creation of a strategy using NinjaTrader Builder is easy, as also optimizing its settings, as shown on the following video :

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Pablo Maglio

Pablo Maglio  Skype id : pmaglio