23# Bollinger Bands and CCI Reversal Trading System

Submit by Janus Trader 02/05/2013

This is a Bollinger Bands Reversal Strategy.

Time Frame 60 min or Higher.

Currency pair: any.

Indicators:

Bollinger bands (20, 2);

CCI indicator (14 period below the chart);

CCI indicator arrow (14 period on the chart).

Short Entry

Green candle goes out of the Bollinger Bands followed by a red candle (setup candle)coming into the Bollinger Bands;

CCI indicator crosses down below or touches the top red line after the close of the red candle;

CCI cross can either happen immediately at the close of the red candle that crosses:

the Bollinger Bands or up to 1 candle after;

For customer metatrader 4 see sell arrow CCI (14) period;

Don’t enter if CCI has gone below the zero line at the close of the Setup Candle;

Don’t enter if the candle is close to the Bollinger Bands center line.

Long Entry

Red candle goes out of the Bollinger Bands followed by a green candle (setup Candle) coming into the Bollinger Bands;

CCI crosses up above or touches the top red line after the close of the green candle;

CCI cross can either happen immediately at the close of the green candle that crosses:

the bollinger Bands or up to 1 candle after;

For customer metatrader 4 see sell arrow CCI (14) period;

Don’t enter if CCI has gone above the zero line at the close of the Setup Candle;

Don’t enter if the candle is close to the Bollinger Bands center line.

Exit Position (for 60 min Time Frame:

Setting profit targe 20 pips or exit at 2 pips before the middle band.

Stop loss on the previous swing.

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