RSI trend with Bollinger Bands

RSI trend with Bollinger Bands is a multi time frame strategy.

Time frame 240 min and 30 min. - 15 min and 60 min – 240 and daily.

Indicators

RSI 14, period, close.

Bollinger Bands ( 20 period, deviation 2.0)

Exponential moving average 3 period, close.

First go 4H chart if RSI is above the 50 levele we have a up trend if RSI is below of 50 level we have a down trend. After go at the 30 min chart for make the orders.

Buy

In up trend , when the price close below the lower band of BB wait that the price come back into the band open a buy order when the 3 EMA croses upward the midlle band.

Sell

In down trend , when the price close above the upper band of BB wait that the price come back into the band opend a sell order when the 3 EMA croses downward the midlle band.

Place stop loss below/above the upper/lower band.

Make profit with ratio stop loss of 1: 1.2.

This strategy, RSI trend with Bollinger Bands, is very simple but effective.

In the chart in picture RSI trend with Bollinger Bands all winning trades.