Bollinger Bands

Simple and Effective Scalping Strategy with Bollinger Bands on Solana Using WL.BOT Trading Extension

Let's look at one of the simplest strategies for quick trading (scalping) using our extension.

Why should you use WL.BOT?

• Stop-Losses and Take-Profits: Implement effective stop-losses, take-profits, and grid take-profits in live mode with your extension.

• Transaction Efficiency: Achieve the highest transaction efficiency (low gas fees and high speed).

• Market Royalties: Benefit from the lowest royalty on the market at 0.1% compared to 1% with other services.

Strategy

Steps to Set Up Bollinger Bands

1. Open your charting tool and click on the 'Fx' (indicators) icon.

2. Type "Bollinger Bands" in the search bar and select "Bollinger Bands" Done!

Core Strategy: Range Trading with BB

1. Sell near upper BB:

• Price touches or slightly breaks upper band

• Volume is flat or dropping

• RSI is overbought (>70) → Short or take profit, target midline or lower BB

2. Buy near lower BB:

• Price touches or slightly dips below lower band

• Volume steady or rising

• RSI is oversold (<30) → Long, target midline or upper BB

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⚠️ Tips:

• Don’t trade in the middle of the channel

• Use RSI & Volume to filter fakeouts

• BB squeeze = breakout coming → avoid range trading

• Combine with auto TP or SL in WL.BOT for better control

Setup