Bollinger Bands Reversal Trading System is a momentum reversal strategy. This trading system is good for trading also for binary options high/Low and One touch.
- Time Frame: 15 min or higher
- Financial Markets: Forex, Indices, and Commodities
- Currency Pairs: Major Pairs
- Bollinger Bands
- Advanced Parabolic
- Relative Strength Index
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- Use a demo account or a small live account first to practice this trading system
- When the price touch or broken lower bands wait for CCI indicator (aqua line) crosses upward above 50 level, RSI indicator (red line) crosses upward above 50 level and Advanced Parabolic blue color. BUY at the opening of the next bar.
- When the price touch or broken upper bands wait for CCI indicator (aqua line) crosses downward below -50 level, RSI indicator (red line) crosses downward below 50 level and Advanced Parabolic red color. SELL at the opening of the next bar.
- Initial stop loss on the previous swing
- Make profit is discretionary various options:
- Risk Reward Ratio 1:2 or 1:3
- or first opposite band
- or predetermined profit target