26# RSI and MA Cross inside Bollinger Bands Trading System
Submit by Janustrader 02/05/2011
Time Frame 15 or higher.
EUR/USD, GBP/USD, USD/JPY and USD/CHF
- RSI : Period 8
- MA : Period 8
- Bollinger Bands
RSI must be below the middle of Bollinger Bands and RSI has crossed above Moving Average.
Buy when open the next bar.
RSI must be above the middle Bollinger Bands and RSI has crossed below Moving Average.
Sell when open the next bar.
Stop Loss is the low/high of the previous bar.
Move S/L to break even if the price moves greater than 40 pips in direction.
Use a trailing stop for exits (25 pips) after the initial 40 pip move.
In the pictures below RSI and MA Cross inside Bollinger Bands Trading System in action.
Share your opinion, can help everyone to understand the forex strategy.
RSI Forex Strategies