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
Reviewed by learn forex trading
on
June 25, 2017
Rating:

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