This strategy involves entering the Dax with TF 2 at the synchronous signal on the Dax and Wall Street chart.
The strategy is simple and works 90% of the time and relies on Bollinger Bands for trend direction plus ADX and Bandwdith to measure the strength of the move.
For direction
BB+>BB+(2)
BB -< BB-(2)
Price < or > of BBm
For strength of movement
Adx > Adx (2)
BBwdith > BBwdith (2)
Target price 20 points
Stop loss 20 point
It is essential that the signals show up in both charts
Obviously, the general rules apply whereby one does not enter the market close to the publication of economic news nor close to opposing support or resistance, or near the opening of Dax and Wall Street trading.
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