Pips with bollinger band

Strategy collected from: mt5 forum
Currency pair: Any
Time frame: 1h
Indicator: Bollinger band only

Now--
Open any chart for any currency pair with a time frame of 1 hour. Then you'll need to draw vertical lines on the candle at 00.00 hours... To do it, keeping the chart on top, click Cntrl + Y. Insert bollinger band with a deviation of 1.5 instead of 2. If you've done this.... let's see how it looks on the chart:

At this stage, you'll need to draw two more horizontal lines. For this, consider the latest vertical line on candle zero. Put the horizontal lines here the vertical lines intersect the candle zero vertical line. To get some back testing, I've taken the third vertical line from the last. Let's see how it looks--

Entry rules:
For a long entry:
1. When a candle breaks down to the lower horizontal BB intersection line and closes above the line....
2. When a candle breaks up above the upper horizontal BB intersection line and closes above the line....

For a short entry:
Vice versa.....






Take profit:
For no 1 long entry: when candle crosses the upper horizontal BB intersection line...
For no 2 long entry: TP 20 pips only...

For no 1 short entry: when candle crosses the lower horizontal BB intersection line....
For no 2 short entry: TP 20 pips only..

SL: Half the value of TP

See... Good entry point... Now, I'll go for live example. I'll shift the horizontal lines to the latest candle zero. Could you find the good entry point?

Check from the next image whether you're right or wrong.....

See, more than 50 pips already....and it's going up more....As this opportunity is already gone for me, I'll wait for the next candle zero to get my good entry point....

Read more:

Example of Bollinger band trading