Simple Trading System with Bollinger Bands and CCI
https://www.learn-forextrading.org/2017/06/simple-trading-system-with-bollinger.html
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.
