26# RSI and MA Cross inside Bollinger Bands Trading System

Submit by Janustrader 02/05/2011

Time Frame 15 or higher.

Pairs
EUR/USD, GBP/USD, USD/JPY and USD/CHF

Forex Indicators
- RSI : Period 8
- MA : Period 8
- Bollinger Bands

BUY
RSI must be below the middle of Bollinger Bands and RSI has crossed above Moving Average.
Buy when open the next bar.

SELL
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.

Comments: 3

#3
Eren (Saturday, 20 March 2021 13:18)

Is this still working? Has someone using it today? tnx
#2
Herman (Tuesday, 05 March 2019 02:17)

I try it and boom .... work like a charm
#1
Fir (Wednesday, 01 April 2015 13:29)

I think this is quite reliable. Good job.