Bollinger & Starc Bands Signals is an ultimate edition of the greatest Forex indicator ‘the Bollinger Band’. As it has been combined with Starc Bands, it displays better in details of market depth and also plots market entry signals at the main chart window.
Bollinger & Starc Bands Signals can be a great fit for original Bollinger Band lovers. It is easy to read and apply. Besides, you’ll enjoy the freedom to use it for any currency pair chart and for any time frame chart around the market.
Bollinger & Starc Bands Signals Overview
Once you are done with the installation of Bollinger & Starc Bands Signals indicator at your Forex mt4 platform, your trading chart should be appeared as the following image:
Bollinger & Starc Bands Signals have come up with the idea to create a better effective filter while testing the market momentum and defining possible market entry area within the momentum direction. Usually, price taking support from the mid or lower bands with an upward arrow at the chart is interpreted as the buy entry signal. On the other hand, price is resisted to go up from the upper or mid channel and a downward arrow is plotted at the same time means a sell entry signal right at the market price. Exit the trade whenever the indicator plots opposite direction signal of your trade entry.
Similar Strategy: Forex X-Scalper Strategy
Bollinger & Starc Bands Signals: Buy Parameters
- Price is supported by the mid or lower bands
- An upward arrow is plotted
- Buy when the above conditions are met
- Set stop loss below the mid or lower band levels
- Hold your position until price keeps closing above the mid channel
- Exit long whenever a downward arrow is plotted
Bollinger & Starc Bands Signals: Sell Parameters
- Price is resisted to go up from the upper of mid bands
- A downward arrow is plotted
- Sell when the above conditions are met
- Set stop loss above the mid or upper band levels
- Hold your position until price keeps closing below the mid channel
- Exit short whenever an upward arrow is plotted
