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Bollinger Momentum Reversal Trading System

Bollinger Momentum Reversal Trading System is a forex strategy based on band and momentum indicators (Stochastic oscillator and relative Streng Index in the same window.)
Features of Bolliner Bands Reversal Trading System
Tipe of strategy: Reversal Trend
Time Frame 15 min or higher.
Currency pairs:any.
Plataform: any
Currency Pair: any.
Timeframe: 15 min or higher.
INDICATORS
Bollinger Bands (21) - Deviations (2)
Stochastics (13,8,5) - Levels: 20,30 and 70,80 - Slow Line green, fast line orange
RSI (14) overlaid on to Oscillator Stochastic, no levels - Light blue color
Trading rules Bollinger Momentum Reversal Trading System
Buy
Price closes at or below the lower Bollinger Bands.
Stochastic fast line AND slow line are both below the 20 level.
RSI is below the 30 line.
Enter when the candle close.
Target is middle Bollinger Bands.
Sell
Price closes at or above upper Bollinger Bands.
Stochastic fast line AND slow line are both above the 80 level.
RSI is above the 70 line.
Enter short at candle close.
Target is middle Bollinger Band.

Initial stop loss at the previous swing high/low.
As price moves my direction, I will trail my stop producing very low risk trade ideas. Follow the rules to less risk.
Bollinger Momentum Reversal Trading System

Bollinger Momentum Reversal Trading System

Bollinger Momentum Reversal Trading System



Bollinger Momentum Reversal Trading System Reviewed by learn forex trading on January 17, 2020 Rating: 5

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