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48# Double Bollinger Bands Price Action with MACD

Out of bands trading

Reversal Trend Strategy

Submit by Rafay

 

Double Bollinger Bands Price Action with MACD is an old trick for trading with Bolliger Bands. The principle on which this strategy is based is that when the price goes out for at least two candles outside the band (lower or higher is overbought or oversold and it will probably generate an opposite movement). In composing this trading system I followed this principle but I added another two filters Bollinger Band with a longer period to eliminate further false signals and RSI as an overbought and oversold filter. The entry timing is given by the MACD crossover.

Setup strategy

Time Frame 15 min or higher.

Currency pairs: any

Indicators:

Bollinger Bands (20 period, deviation. 2.0).

Bollinger Bands (30 period, deviation. 2.0).

MACD (12, 21,7).

Parabolic Sar (0.02 – 0.2).

RSI period 14, close ( overbought and oversold filter 68-32 levels).

Trading rules Double Bollinger Bands Price Action with MACD

Buy

Two candles must close in sequence outside the lower band.

RSI less than or equal to 68.

Buy when

MACD crosses upward or when Parabolic Sar dot is below the candle.

Sell

Two candles must close in sequence outside the upper band.

RSI greater than or equal to 68.

Sell when

MACD crosses downward or when Parabolic Sar dot is above the candle.

Re-entery

If, after entering, the price goes against us, you can re-enter at the next entry setup until the price touches the opposite band.

Do not enter after the market gaps.

In this strategy it is not profitable to use the double entry because we are against the trend, but to use the stop loss. A stop loss must be associated with each entry. In the images, the stop loss must be associated with the market entries.

Exit position

Place initial stop loss below/above the previous swing high/low.

Profit target minimum ratio stop loss 1:1 or on the opposite bands.

Note: I have entered the Parabolic Sar but it must be configured in relation to the time frame and currency pair.

 

Martingale with multiplier 1.5 can be associated with this type of strategy.

Examples of trades

Double Bollinger Bands Price Action with MACD
Double Bollinger Bands Price Action with MACD
Double Bollinger Bands Price Action with MACD
Double Bollinger Bands Price Action with MACD
Double Bollinger Bands Price Action with MACD
Double Bollinger Bands Price Action with MACD
Double Bollinger Bands Price Ation with MACD
Double Bollinger Bands Price Ation with MACD

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Comments: 1
  • #1

    Peter (Monday, 15 February 2021 09:22)

    .....muss es nicht sein:
    Kaufen= RSI KLEINER 32 ODER GLEICH 32

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