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.