Do Bollinger Band squeezes predict profitable breakouts?

We want to catch breakouts that come out of low volatility consolidations, the so called Bollinger Band squeeze. Compute 20 day Bollinger Bands with two standard deviations. Define the band width as the upper band minus the lower band, divided by the middle band. The market is "in a squeeze" today when this band width is below the 10th percentile of its values over the previous 120 trading days. Enter long the next open after a day where the market is in a squeeze and the close finishes above the upper Bollinger band. On entry, place a protective stop 1.2 ATR below the entry price using the 14 period ATR. Size the position so a stop-out loses exactly 1 percent of account equity. Round down to a whole number of shares. Take profit at 2R. If the close drops back below the 20 day moving average before the target or stop is hit, exit at the next open. If the position has been held for 30 trading days without resolving, exit at the next open as well. Long only. One open position per ticker at a time. No leverage and no pyramiding.