Bollinger Bands HCPro Retracement Strategy (considered “medium risk”)

This strategy is carefully implemented by Human Capital Pro for exploiting market easiness to make profit.

During the periods when the market is unlikely to experience trends, prices to move into one direction significantly, there are opportunities for trading the retracements.

Decision-making in regards to placing a trade during such periods lies on Fibonacci retracement levels and the helpful tool Bollinger Bands.

“Trading retracements can be tricky. The market can be extremely volatile and since you are trading against the market this can lead to failure. Find strong support and resistance levels. They will help you identify the reversals.”

Performance Testing

– Recently Added –
  1. Trading that allows trading less lot amount and more number of trades per day.
  2. Reduction of market risk, since the position is not exposed too long in the market.
  3. Eliminates overnight rollover risk (spreads, and thus costs, widen during rollover).
  4. Keeping a uniformed record of account history per trade for trading strategy assessment efficiency.
*Past performance is no guarantee of future results. 

  Strategy Setup Requirements

Requirements for a solid strategy
  • Expected news announcements are always scheduled prior and set at a specific time. Trade before the major announcements or after when you make sure that you have identified strong support and resistance levels.
  • Make sure to add Fibonacci Expansion right after an important huge move. Identify the levels and forecast where the market will retrace after the move. Bollinger Bands will help in this situation to identify them. The 61.8% retracement is the most probable.
Requirements for a solid strategy
  • Prefer trading to start from the moving average and make sure you are trading WITH the trend when doing so (15 min – 30 min chart preferably). 
  • Same amount of lot size per trade for at least 40 to 50 trades. A sufficient number of observations for statistical purposes and risk management.

Setup your Intraday Charts – 15 minutes charts

“Having solid strategy implies that you specified specific criteria guiding your decisions on how to trade. Be consistent and follow these criteria every single time. In this way at the end you will have enough evidence that the specific strategy is successful or not. Either way, it is worth the effort to find that out…”

Trading Video Example

About Day Trading (Intraday)

Day trading is defined as the purchase and sale of a security within a single trading day, thus it involves transactions, in and out within the day. Day traders are typically well-educated and well-funded, they have in-depth knowledge and experience in the marketplace, sufficient amount of capital and discipline, in connection with a solid strategy.

The market for FX and other products traded online is highly liquid and since there are always important news announcements, economic events, reports and company news it is expected that the market will be in most cases volatile, generating profit-generating opportunities daily. There are numerous intraday online trading strategies such as scalping, range trading, news and announcements trading and high-frequency trading (HFT) strategies that use sophisticated algorithms (using software for automated trading, i.e. Expert Advisers)

Risk Warning: CFDs are highly leveraged over-the-counter derivatives and due to their degree of complexity, trading CFDs carries a high level of risk and may not be suitable for all investors. Please be aware that this educational material does not constitute investment advice and does not take into account your investment objectives, financial situation or specific needs. This content is for educational purposes only and we accept no liability whatsoever for losses or damages resulting either directly or indirectly from the use of the information contained in this website. You take responsibility for your own trading decisions.

HCPro Online Trading Strategies

© HCPro Human Capital Professional Education 2018-2020 | All Rights Reserved. HCPro Human Capital Professional Education is a tradename of COME WITH ME EDUCATION LTD - Company Registration No. HE 390680.

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