A Stochastics Bollinger band strategy (seems to work for Gold/Silver) most of the time:
- Buy when Fast Stochastic crosses Slow from below, while under the oversold line (<=20)+ BB Lower band touch
- Sell when Fast Stoch crosses Slow from above, while above the overbought line (<=80) + BB Upper band touch
If the angle of intersection is wide, the trend is strong. Can enter. If it is very small, it could be probably just ranging. Do not enter.
STOPLOSS just beyond the latest price touch on the BB.
Kindly point out if this is incorrect.