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.
RSI trend with Bollinger Bands

RSI trend with Bollinger Bands

RSI trend with Bollinger Bands

Related

Bands Trading 6292303949845300391

Post a Comment

emo-but-icon

item