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Bollinger Bands BreakOut Trading With IBS RSI CCI Filter Indicator


Bollinger Bands BreakOut Trading is a strategy based on the trend and momentum. The main indicator is Bollinger Bands filtered by IBS RSI CCI Filter Indicator. The IBS is based on CCI RSI and VKWB bands.

  • Time Frame: 15 min or higher
  • Financial Markets: any

This forex strategy is also good for trading with binary options high/low with expiry time 3 or 4 candles.

Sessions for trading M15 TF Chart are London and New York.

 

MetaTrader Trading Indicators
  • Bollinger Bands: (20, 2)
  • IBS RSI CCI indicator
  • Commodity Channel Index

 

BUY Rules

Trading NOTES

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  • When the price breakout the upper band of the Bollinger Bands and the IBS RSI CCI indicator, wait for the CCI line upward above 50 level to open BUY.

 

SELL Rules

  • When the price breakout the lower band of the Bollinger Bands and the IBS RSI CCI indicator, wait for the CCI line downward below -50 level to open SELL.

 

Trading NOTES

 

  • Tips: not go on very long bars
  • Trades in the direction of the main trend.
  • Use a demo account or a small live account first to practice this trading system

Exit position

  • Place initial stop loss 10-15 pips below/above the bands of the BB.
  • Make a profit with predetermined Profit Target that depends on time frame.

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