23# Bollinger Bands and CCI Reversal Trading System

Bollinger Bands Reversal Strategy

Submit by Janus Trader 02/05/2013

 

This is a Bollinger Bands Reversal Strategy.

Time Frame 60 min or Higher.

Currency pair: any.

 

Indicators:

Bollinger bands (20, 2);

CCI indicator (14 period below the chart);

CCI indicator arrow (14 period on the chart).

 

Short Entry

Green candle goes out of the Bollinger Bands followed by a red candle (setup candle)coming into the Bollinger Bands;

CCI indicator crosses down below or touches the top red line after the close of the red candle;

CCI cross can either happen immediately at the close of the red candle that crosses:

the Bollinger Bands or up to 1 candle after;

For customer metatrader 4 see sell arrow CCI (14) period;

Don’t enter if CCI has gone below the zero line at the close of the Setup Candle;

Don’t enter if the candle is close to the Bollinger Bands center line.

 

 

Long Entry

Red candle goes out of the Bollinger Bands followed by a green candle (setup Candle) coming into the Bollinger Bands;

CCI crosses up above or touches the top red line after the close of the green candle;

CCI cross can either happen immediately at the close of the green candle that crosses:

the bollinger Bands or up to 1 candle after;

For customer metatrader 4 see sell arrow CCI (14) period;

Don’t enter if CCI has gone above the zero line at the close of the Setup Candle;

Don’t enter if the candle is close to the Bollinger Bands center line.

 


Exit Position (for 60 min Time Frame:

Setting profit targe 20 pips or exit at 2 pips before the middle band.

Stop loss on the previous swing.

Bollinger Bands and CCI Reversal
Bollinger Bands and CCI Reversal
Bollinger Bands and CCI Reversal
Bollinger Bands and CCI Reversal
Bollinger Bands and CCI Reversal
Bollinger Bands and CCI Reversal

Sig_CCI Arrow

Sig_CCI Arrow
Forex Indicator Sig_CCI Arrow
Sig_CCI.rar
compressed file archive 2.4 KB

bollinger bands and cci reversal trading

bollinger bands and cci reversal trading
Trading System bollinger bands and cci reversal tempate
bollinger bands and cci reversal trading
compressed file archive 699 Bytes
bollinger bands and cci
bollinger bands with cci.rar
compressed file archive 578.7 KB

 

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Comments: 1
  • #1

    rozayx5 (Friday, 17 July 2015 03:12)

    very interesting system . janus sharing very nice ideas

Bollinger Bands Forex Strategies