Bollinger Bands Tenkan-Sen Reversal Trading with RSX ELR Filter

High Profits Bollinger Bands Reversal Trading – Bollinger Bands Tenkan-Sen reversal trading system and strategy with RSX ELR Filter indicator. You can use this trading system for trading with binary options Expiry time 6 candles.

Trading NOTES

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• Use a demo account or a small live account first to practice this trading system

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• Time Frame: M15 or higher
• Financial Markets: Forex and Indices

• Bollinger Bands (20, 2);
• Tenkan-Sen line
• ELR color modified version
• RSX(14 periods)

• The price broken and close the below lower band of the Bollinger Bands. Wait that RSX has blue bar and ELR color retraces into the bands and has blue bar
• Price closes above the Tenkan-Sen line
• If these conditions are agree, open BUY at the opening of the next bar

• The price broken and close the above upper band of the Bollinger Bands. Wait that RSX has red bar and ELR color retraces into the bands and has red bar
• Price closes below the Tenkan-Sen line
• If these conditions are agree, open SELL at the opening of the next bar

• For exit positions you have these options:
  • place initial stop loss on the previous swing
  • make profit at the middle band
  • Profit Target predetermined with Risk Reward Ratio 1:2 or 1:3
• Money Management with binary options is martingale ratio 2.5:1
  • examples: $5,  $12.5, $30.75, ….

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