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.

 

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

 

• 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.

 

• 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.

 

 

• 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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