Bollinger Band Rollercoaster Forex Trading Strategy

The Bollinger Band Rollercoaster strategy was developed to trade counter-trend at or near the upper and lower Bollinger Bands. We typically look for short entries at the upper band while looking for long entries at the lower band.

A pin bar candlestick will be used to confirm and trigger our long & short trades in the market. This strategy works best on 30 min charts and above.

Trading Setup

Preferred Time Frame’s: 30 min chart and above

Currency Pairs: any of your choice

Trading Sessions: all

Download link:

Click here to download the Bollinger Band Rollercoaster Forex Trading Strategy

Forex Indicators:

Click here to download the pin bar indicator

Default Bollinger Bands indicator set to standard period 20 Deviations 2

Trading Rules For Buy Trades

1) Look for the pair to be trading in the vicinity of the lower Bollinger Band.

2) The appearance of a bullish pin bar will confirm a buy trade near the lower Bollinger Band.

3) Open two buy orders at the pin bar’s close.

4) Stops are placed 1 pip behind the low of the pin bar.

5) Sell half of the long position at risk-to-reward 1:1

6) Move stop loss on the remaining half to BE

7) Sell the remaining half at risk-to-reward 1:2.

Bollinger Band Rollercoaster Forex Strategy

bollinger-band-pin-forex-strategy

In the the chart above, we have two valid entry signals both confirmed and triggered by the pin bar. The first trade is a buy trade at 1.3895 with stop loss set 1 pip behind the bullish pin bar low at 1.3862. Our first target is set at risk-to-reward 1:1, or 33 pips + spread.

The second target is set at risk-to-reward 1:2, or 66 pips + spread. Both targets were reached for 99 pips. The second trade is a sell trade at 1.4034 with stop loss set 1 pip behind the bearish pin bar high at 1.4057. Our first target is set at risk-to-reward 1:1, or 23 pips + spread.

The second target is set at risk-to-reward 1:2, or 46 pips + spread. Our first target was reached for 24 pips. The second target was never reached and stopped us out at break even.

Trading Rules For Sell Trades

1) Look for the pair to be trading in the vicinity of the upper Bollinger Band.

2) The appearance of a bearish pin bar will confirm a sell trade near the upper Bollinger Band.

3) Open two sell orders at the pin bar’s close.

4) Stops are placed 1 pip behind the high of the pin bar.

5) Sell half of the short position at risk-to-reward 1:1

6) Move stop loss on the remaining half to BE

7) Sell the remaining half at risk-to-reward 1:2.