bollinger band 33 breakout with fractal

Breakout using bollinger band 33 + fractal. Who doesn't know the Bollinger Band, this indicator created by John Bollinger has been used by the average trader around the world, the Bollinger Band is indeed powerful for knowing the direction of the trend, but this time we will add it using fractals. Besides that, it is also easy for us to determine the open position, we wait for the formation of the fractal first and then we open the position when the bollinger band points up or down significantly



Linkback: https://www.forex.zone/trading-systems/10/bollinger-band-33-breakout-with-fractal/3437/

if there is a breakout, the signal potential is very good

The use of a 33-period Bollinger Band is uncommon, as most traders use a 20-period band as the standard. However, a longer period, like 33, makes the bands slower to respond to price changes. The advantage is more stable signals and reduced noise. The downside is that breakout signals are delayed and unsuitable for fast-moving markets.