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Bollinger Bands Reversal Trading Strategy with RSI and CCI FIlter


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

 

MetaTrader Trading Indicators
  • Bollinger Bands
  • Advanced Parabolic
  • Relative Strength Index
  • CCI

 

BUY Rules

Trading NOTES

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  • 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.

 

SELL Rules

  • 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.

 

Trading NOTES
  • 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

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