Bollinger Band Strategy on 4Hr USDCAD

This is a great strategy to keep in mind while trading. When the Bollinger bands are only ten pips spread from top band to bottom band on a 14 period Bollinger Band for a 10 minute chart, that that means it is ready to set up the standing orders. With a 4 hour chart as soon as the BB channel gets within about 70 pips of difference between the top and bottom then set your orders as well.