Turn the trend: RSI, Bollinger Band
and EMA is a strategy trend-momentum. The purpose of this
strategy is find the trend.
Time Frame 15 min or higher.
Currency pairs: majors.
Forex Indicators:
Exponential Moving Average period 100,
close.
Bollinger Bands 20 period, deviation
2.0,
RSI 21 period.
Trading Rules
Buy
Candle close above 100 EMA and the
Bollinger Bands midlle line.
RSI above 50 period.
Alternatively you enter with the
previous condition, but when the candle closes above the upper band.
Sell
Candle close below 100 EMA and the
Bollinger Bands midlle line.
RSI below 50 period.
Alternatively you enter with the
previous condition, but when the candle closes below the lower band.
Initial stop loss 15-40 pips
above/below the entry bar , depends by TF and pair.
Profit Target Ratio from 1:1 at 1:2
stop loss.
In the charts below examples of trades.
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