Main photo Bollinger Bands and RSI Trading Strategy

Bollinger Bands and RSI Trading Strategy

  • By Yuri
  • 3093 views

Tools: any

Time frames: M15, M30

Indicators: RSI (11), Bollinger Bands (20;2)

Conditions for "buy" trades: the RSI value must be over 70 and the current price must be above the higher Bollinger band.

Conditions for "sell" trades: the RSI value must be below 30 and the current price must be below the lower Bollinger band.

Exit:

M15: EURUSD – 15 points, GBPUSD – 19 points.

M30: EURUSD – 19 points, GBPUSD – 25 points.

Stop Loss shall be placed 10 points higher or lower than the entry point.


Yuri
Yuri

Risk Warning: Trading on Forex and Binary Options carries a high level of risk and it is not suitable for all investors.There is always a possibility of losing some or all of your initial investment, so you should not invest money which you can't afford to lose.Eventhough we Forex Stock Exchange Forum -fxsforexsrbijaforum.com,does not provide any investment advice you should be aware of the risks involved. Any opinions, news, research, analyzes, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice.Forex Stock Exchange FORUM will not accept liability for any losses, which may arise directly or indirectly from use of information from our website.You trade at your own risk!

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