CCI and Bollinger Bands Reversal
Trading is forex system that trade on reversal.
Time Frame 30 min or higher.
Currency pairs: any.
This is a winnig forex system.
Indicators:
Bollinger Bands (period 20, deviation
2.0).
3EMA high, close;
3 EMA low close;
CCI 14 period close.
Trading Rules CCI and Bollinger Bands
Reversal Trading
Sell
When the price broken or bounce at the
lower bollinger bands wait that the price come back into the 3 EMA
channel and CCI is below of -100 , if the price candle close into the
channel at the opening of next candle place a buy order.
Buy
When the price broken or bounce at the
upper bollinger bands wait that the price come back into the 3 EMA
channel and CCI is above of +100 , if the price candle close into the
channel at the opening of next candle place a sell order.
Exit
Stop
loss must be set below /above the most recent swing low. Or
below/above the upper/lower bands.
Trail
your stop using the EMA channel or the middle Bollinger Bands.
Make
profit at the middle bands of Bollinger Bands or at the oppsiste
bands.
CCI
and Bollinger Bands Reversal Trading if managed well is a winning
strategy.
Vantage
of this strategy is that has a good profittability.
To
increase system aggressiveness decrease the deviation of Bollinger
Bands at 2.5 or mat at 2.0.
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