Bollinger Bands System is very profitable system that can be used for trading all the major Forex pairs. It is usually known as 15 min Bollinger Bands System since it works based on plotting the Bollinger bands of the higher time frame on the 15 min chart. You can use the standard Bollinger bands setting on 15 min chart period 20 with an 80 easy moving average to signify the 1 hour middle band.
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You have to make sure that the price closes above the 80 sma after spiking the lower 20 bands as well as the stop goes under the lower shadow of the spiked bands and profit target 1 is the equal as your stop loss. If the profit target 2 is the 4 hour bands bottom, middle, or top based on where the entry is, you will observe how fine the 4 hour bands on the 15 min chart bounces the price. Really, I recommend this strategy both for newbie and expert traders.
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