14# Bollinger Bands, RSI and Stochastic Trading System

Submit by Forexstrategiesresources.

 

Time Frame 15 or Higher.

Pairs:all.

Indicators:

Bollinger Bands:

Period 50, Deviations 2 – Red

Period 50, Deviations 3 - Yellow

 Perion 50, Deviations 4 – Orange

RSI with Period 3;

Stoch 6,3,3.

Long Entry:

Wait for the candle to touch or penetrate the Lower Red Bollinger Band. The RSI should be below 20 now. So would the Stoch. If the next candle retrace back through the Red Bollinger Band, the RSI falls above the 20 level and the Stoch crosses lines ( above or just  40 ) you put in a buy order

 

Sell Entry:

Wait for the candle to touch or penetrate the Red Bollinger Band. The RSI should be above 80 now. So would the Stoch. If the next candle retrace back through the Red Bollinger Band, the RSI falls below the 80 level and the Stoch crosses lines (  just below 60 ) you put in a sell order.


Exit:

Stop Loss on Yellow or Orange Band.

Take profit: On middle band.

 

In the pictures below Bollinger Bands, RSI and Stochastic Trading System in action.

bb,rsi and stochastic.rar
compressed file archive 663 Bytes

 

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