In this Strategy i am using Bollinger Band indicator Bollinger Band is an indicator which takes a 20 period simple moving average which defines the intermediate term trend of the price and also uses two standard deviations of the instrument being traded to work out the width between the simple moving average and the bands.The top band is plus 2 deviations above the middle line (moving average) and the bottom band is minus 2 deviations below the middle line (moving average). I am using only the bands to make trading decisions. The strategy calls for a OPEN below the lower band, which is then used as an immediate signal to BUY the current BAR and if OPEN above the upper band, which is then used as an immediate signal to SELL the current BAR with 300 pips STOPLOSS and 07 pips TAKEPROFIT.