10# Bollinger Bands, RSI and ADX Trading System

Bollinger Bands Trading

This is a Forex Scalping Trading Sytem based on the Bollinger Bands.

 

Pairs:Major

Time frame: 1M.

Spread max:0,0001.

 

Indicators:

Bollinger bands (20, 2);

ADX (14 period);

RSI (7 period ).


You must only trade this system between 2am to 5am EST, 8am to 12am EST and 7.30pm to 10pm EST.

Do not scalp 30 minutes before a orange or red news

report and not for a hour afterwards.

 

Setup:is for price to move above the lower or lower Bollinger Bands, RSI raise above the 70 line or below the 30 line and ADX<32 at the same time.

 

Long Entry: price to move below the upper Bollinger Bands( deviation 2 and 20 period), RSI (7 period ) raise above the 30 line and ADX<32 at the same time.

 

Short Entry: price to move above the upper Bollinger Bands( deviation 2 and 20 period), RSI (7 period ) raise below the 70 line and ADX<32 at the same time.


Profit Exit: 3 options: 1, exit position when the price touches the middle band, 2) when the price touches the opposite band, 6 pips target profit.

 

Loss Exit: stop loss on high/low entry bar or 7pips loss

 

Trading System bb rsi adx
Trading System bb rsi adx
tpl bb rsi adx.zip
Compressed Archive in ZIP Format 2.1 KB
Bollinger Bands, RSI and ADX Trading System
Bollinger Bands, RSI and ADX Trading System
Bollinger Bands, RSI and ADX Trading System
Bollinger Bands, RSI and ADX Trading System

Share your opinion, can help everyone to understand the forex strategy.

 

Write a comment

Comments: 5
  • #1

    trad (Saturday, 18 February 2012 20:39)

    Do not scalp 30 minutes before a orange or red news

    where i can get this news?

    well i am trading with this strategy too, but i have bb(50)+ mfi(8) and + cci to dont get in bad trades! never buj when cci is crossing 100 or sell when cci is crossing -100(going down to -101)
    thanks for share anyways!

  • #2

    pipandrun (Saturday, 11 January 2014 12:22)

    Long Entry: Price to move below the LOWER Bollinger Band, or?

  • #3

    albert katete (Friday, 26 December 2014 19:45)

    This system works well for 2 minutes binary options. It can be used with martingale if the first entry fails. Say $5, then $10/$12, $25, . . . . . . . . A definite winner on every cycle of entries.

  • #4

    Shekhar Dugam (Monday, 30 March 2015 15:37)

    Is this strategy applicable to bigger time frame like 4 hour and daily. Please reply.

  • #5

    Matthew Douglas (Friday, 08 April 2016 17:38)

    Thx Very much for the great system.

RSI Forex Strategies