Suggested timelines M15


Due to its ease of use, this method can assist any novice in understanding the market, recognizing overbought and oversold areas, and learning how to handle them.

Timeframe needed: Μ15, H1

You should ascertain the market's current state and consider its entire condition when employing this method. As you are aware, the market may be flat or exhibit upward or downward tendencies. Therefore, this approach is intended for sideways market movement; it is sufficient if the price moves in both directions for at least a week, even though it is not necessary to detect distinct boundaries. We will be able to open up to two transactions every day thanks to it.

Both trend indicators and oscillators/flat indicators are employed in this method.

Configuring the indicators:


Bollinger Bands: deviation -2, period -20.

Period – 25 is Williams' Percent Range.

RSI: time frame 5.

Let's look at an opening buy position example.

You should hold off on opening a buy position until the RSI and Williams are in the oversold zone. Await Williams' confirmation if the RSI reaches line 30; if it does, the indicator will cross line 80. The price will currently be in the vicinity of the Bollinger's bottom band. You can open a position right now. The price will then gradually rise beyond this level, so you should watch for the Bollinger's middle band to break out. You will lock in a profit if the price begins to "stall" close to the resistance level. As soon as the Williams indicator does not cross the level 20 from top to bottom, you should be prepared to open the position if the price hits the upper band of the Bollinger. As a result, you will be able to capture the whole "bullish" momentum.



Let's now look at an illustration of how to initiate a sell position.


You should hold off on opening a sell position until the RSI and Williams are in the overbought zone. Await Williams' confirmation if the RSI passes line 70; this indicator will then cross line 20. The price will currently hover around the Bollinger upper band. You can open a position right now. After that, watch for the Bollinger's middle band to break out; the price will pass through this level without any "hesitations." The minimum profit will be locked in if the average fails to surpass the support level.