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Multi Time Frame (MTF) Bollinger Band Stop Trading with RSI CCI Filter


High accuracy “Bollinger Band Stop Trading with RSI CCI Filter”  is a “trend following” strategy based on the Bollinger Band Stop indicator and RSI and CCI Filter indicators.

  • Time Frame: M15 or higher
  • Financial Markets: Forex, Indices (S&P 500, Nasdaq, Dow Jones, DAX, FTSE), Commodities (Silver, Gold, and Oil).

 

MetaTrader Trading Indicators
  • Bollinger Band Stop (14:2)
  • RSI Filter (14 periods),
  • HBH bar (1-15)
  • CCI

 

BUY Rules

Trading NOTES

DOWNLOAD INDICATOR


  • Bollinger Band Stop blue dot
  • HBH bar dodger blue
  • RSI filter blue bar
  • CCI line upward and bove 50

 

SELL Rules

  • Bollinger Band Stop blue dot
  • HBH bar dodger blue
  • RSI filter blue bar
  • CCI line upward and bove 50

 

Trading NOTES
  • Trade only in direction of the major trend
    • If you want trade H4 time frame, open the Daily chart and check the trend after open the 4H chart and trades in direction of the trend of the Daily chart
  • How you check the trend?
    • Simple: Bollinger Band Stop and RSI Filter must agree
  • Multi Time Frame (MTF) setting:
    • 15 min time frame with 60 min
    • 30-60 min time frame with 240 min
    • 240 min time frame with the daily time frame
    • daily time frame with the weekly time frame
    • The best time frame is 240 min (with daily) and daily (with weekly)
  • Exit position at the opposite dot of the Bollinger band dot but the best exit is with predetermined profit target (that depends on the volatility of the market)
  • Initial Stop loss on the previous swing
  • Keep it simple, and use a demo account or a small live account first to practice this trading strategy

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READ  Forex RSI Instant Profit Filter System and indicators

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