Strategy 2 Bollinger Bands in Time Frame H1
In this strategy a trader needs only to set Bollinger Bands indicator by default settings. See in the following screenshot.
Bollinger Bands indicator works perfectly in all time frames, just need to follow it according to directions of its bands. In above picture it has 3 lines or bands 1,2,3. Band number 1 shows sell entry, and Band number 3 shows buy entry, while band number 2 shows a sideways trend.
Mean if we find market at Band number 2 then its better to wait for band 1 or band 3 for a trade entry. We can say band 2 range is a waiting area, or rest zone of market, if we get enter in market in this range then possible may be loss.
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