14# Bollinger Bands, RSI and Stochastic Trading System

Submit by Forexstrategiesresources.

Time Frame 15 or Higher.

Pairs:all.

Indicators:

Bollinger Bands:

Period 50, Deviations 2 – Red

Period 50, Deviations 3 - Yellow

Perion 50, Deviations 4 – Orange

RSI with Period 3;

Stoch 6,3,3.

Long Entry:

Wait for the candle to touch or penetrate the Lower Red Bollinger Band. The RSI should be below 20 now. So would the Stoch. If the next candle retrace back through the Red Bollinger Band, the RSI falls above the 20 level and the Stoch crosses lines ( above or just 40 ) you put in a buy order

Sell Entry:

Wait for the candle to touch or penetrate the Red Bollinger Band. The RSI should be above 80 now. So would the Stoch. If the next candle retrace back through the Red Bollinger Band, the RSI falls below the 80 level and the Stoch crosses lines ( just below 60 ) you put in a sell order.

Exit:

Stop Loss on Yellow or Orange Band.

Take profit: On middle band.

In the pictures below Bollinger Bands, RSI and Stochastic Trading System in action.

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

Comments: 4

#4
yaska (Tuesday, 02 June 2020 17:32)

this is best and first time i see all my trade no negative all green profit its really good but is too bad after lost so many i found but if anyone looking basic indicator and easy to follow here u chance dont and leave feedback you also want see how u win
#3
Pakapon (Thursday, 19 March 2020 08:46)

Should I wait both main and signal lines of Stoch go above 40 ( below 60)?
#2
Alvin cruz (Friday, 16 August 2019 15:55)

What if the price will not retraced in red bond? (Long entry)
#1
Angelo (Friday, 11 May 2018 16:16)

Can you Add arrows to this indicator once the condition met ? if you could Please share it here ! Thank you a lot