Dual Bollinger Band Jackpot Strategy.

This is a strategy for Swing Traders who just want to capture the swing and don't want to hold the stock for months. This strategy requires 3 indicators:-
Bollinger band (20,2) and Bollinger band (20,1)
Volume
MACD

Trade Setup for Long:-
1] The candle which closes above UB 2, we will call it BREAKOUT CANDLE.

The BREAKOUT CANDLE should have following properties;
a) The volume of this candle should be greater than previous TWO CANDLE's volume.
b) MACD histogram and MACD line should be greater than zero.

2] There should be minimum TWO CANDLES just before the BREAKOUT CANDLE which closed
between UB 2 and BASIS. Those TWO CANDLES should consists of atleast one RED CANDLE.
And that RED CANDLE should not touch the BASIS.

TIMEFRAME:- DAILY CHART.

When all of the above requirements is fullfilled we can BUY above the high of BREAKOUT CANDLE.
STOPLOSS is 1 point below the low of BREAKOUT CANDLE.
TARGET is 2 times the STOPLOSS.

DISCLAMER:- this is for educational purposes only.
DON'T apply this startegy directly with real money. First do paper trade and see the results and analyse the profitability of this strategy.

Comment:

I am adding one more condition for breakout candle i.e. the upper wick of breakout candle should not be very long.

If you want a fixed value you can use the below calulations.
*Candle's upper wick should be less than 15% of the entire range of the candle.
(high-close) < 0.15 of (high-low)
in the above breakout candle
high=368.9, low=342.1, close=366.2
if we apply the formula
368.9-366.2 < 0.15x(368.9-342.1)
2.7 < 4.02