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.
Trading NOTES
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- Use a demo account or a small live account first to practice this trading system
- 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
- 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