11# Bollinger Bands Breakout and RSI Trading System

Submit by joy22

 

Time Frame:15 or higher.

Pairs:all

Indicators:

Bollinger Bands (2, 20);

RSI (11)

Long Entry:

When the RSI drops above 70, the RSI drops above the 'higher Bollinger Band' and when the Price drops above the 'HigherBollinger Band'.

 

Short Entry;
When the RSI drops below 30, the RSI drops below the 'Lower Bollinger Band' and when the Price drops below the 'Lower Bollinger Band'.

Exit Order

Profit Target:

15min: EUR/USD, 9 pips GBP/USD 12 pips

30min: EUR/USD, 14 pips GBP/USD 18 pips;

H4:60 pips EUR/USD, 70 pips GBP/USD ;

Daily: 200pips EUR/USD , 250 pips GBP/USD ;

Stop loss; 5 pips below or above of the entry bar.


 

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