newdigital

The key elements of this strategy are as follows:

1. A strategy designed for intraday trading
2. Rangebound strategy expecting the market to revert to a mean
3. Plot 2 pairs of bollinger bands, each using different standard deviations
4. When the market closes at or above the upper band of the higher standard deviation bollinger band, look to short
5. Confirm that ADX is low
6. Exit based on a fixed risk/reward, lower bollinger bands, and/or a spike in ADX