Simple Trading System with Bollinger Bands and CCI

Simple Trading System with Bollinger Bands and CCI is reversal trend-momentum strategy very easy with simple rules.
This system is based only on the Bollinger Bands and CCI.
Time frame 5 min or higher.
Currency pairs: any.
Forex Indicator:
Bollinger Bands period 25 and deviation 2.0.
CCI period 21 with levels 80, 0, -80.
Rules for Simple Trading System with Bollinger Bands
Buy
When the price touches the lower band or close below the lower band wait that CCI breaks +80 level.
Make profit at the opposite upper band or with predetermind profit target that depends by pairs and time frame.
Initial stop loss for example 5-10 pips below the entry bar for time frame 5 min.
Sell
When the price touches the lower band or close below the lower band wait that CCI breaks -80 level.
Make profit at the opposite lower band or with predetermind profit target that depends by pairs and time frame.
Initial stop loss for example 5-10 pips above the entry bar for time frame 5 min.
This trading system with strong trend generated false signals, It works good with Short and Medium trend and sideways market.
In the charts below examples of trading.
Simple Trading System with Bollinger Bands and CCI

Simple Trading System with Bollinger Bands and CCI

Simple Trading System with Bollinger Bands and CCI

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