10# Bollinger Bands, RSI and ADX Trading System

Bollinger Bands Trading

This is a Forex Scalping Trading Sytem based on the Bollinger Bands.

Pairs:Major

Time frame: 1M.

Spread max:0,0001.

Indicators:

Bollinger bands (20, 2);

ADX (14 period);

RSI (7 period ).

You must only trade this system between 2am to 5am EST, 8am to 12am EST and 7.30pm to 10pm EST.

Do not scalp 30 minutes before a orange or red news

report and not for a hour afterwards.

Setup:is for price to move above the lower or lower Bollinger Bands, RSI raise above the 70 line or below the 30 line and ADX<32 at the same time.

Long Entry: price to move below the upper Bollinger Bands( deviation 2 and 20 period), RSI (7 period ) raise above the 30 line and ADX<32 at the same time.

Short Entry: price to move above the upper Bollinger Bands( deviation 2 and 20 period), RSI (7 period ) raise below the 70 line and ADX<32 at the same time.

Profit Exit: 3 options: 1, exit position when the price touches the middle band, 2) when the price touches the opposite band, 6 pips target profit.

Loss Exit: stop loss on high/low entry bar or 7pips loss

bollinger Bands RSI and ADX

Comments: 15

#15
dk (Thursday, 20 June 2024 23:39)

anyone tried in crypto?
#14
Mitch (Sunday, 24 March 2024 02:46)

Very good strategy.Stick with the rules and you will make money.
#13
sailaja (Saturday, 05 June 2021 12:01)

good
#12
Candice (Saturday, 14 March 2020 02:36)

Hi everyone.Does this work on binary options
#11
Sadiq (Sunday, 08 December 2019 12:10)

The indicator is awesome, good to enter buy and sell easily
#10
Gorge (Saturday, 26 October 2019 20:36)

How do I use it with the same pointers in different
Time frames 5,15,30,60 minutes
thanks
#9
Sarah (Saturday, 12 October 2019 19:05)

Awesome on binary
#8
30Pips Home Business (Friday, 03 May 2019 14:54)

This is a great BB Reversal / Momo trading system! You can trade Reversal Candlestick Pattern BB breakout, ADX/RSI Combo when the market is ranging or reversing, AND/OR, you can trade ADX>32 / BB Breakout Momentum when the market is trending

To confirm your trend momentum trading, add a second BB (20, 1)....when the price enter the buy/sell zone and adx above 32, you take the trade and exit when the price leaves the sell/buy zone created by (20,2 & 20,1) BB

Good Luck
#7
Matt (Thursday, 11 April 2019 16:21)

Hi Sergey, I think we need the ADX to be bellow 32 because this is effectively a reversal system, which is usually counter trend. So by the ADX being bellow 32 it shows the trend is not very strong and so the reversal is more likely to happen.
#6
SERGEY (Tuesday, 14 August 2018 19:12)

Why do we need level 31? on the adx indicator
#5
Matthew Douglas (Friday, 08 April 2016 17:38)

Thx Very much for the great system.
#4
Shekhar Dugam (Monday, 30 March 2015 15:37)

Is this strategy applicable to bigger time frame like 4 hour and daily. Please reply.
#3
albert katete (Friday, 26 December 2014 19:45)

This system works well for 2 minutes binary options. It can be used with martingale if the first entry fails. Say $5, then $10/$12, $25, . . . . . . . . A definite winner on every cycle of entries.
#2
pipandrun (Saturday, 11 January 2014 12:22)

Long Entry: Price to move below the LOWER Bollinger Band, or?
#1
trad (Saturday, 18 February 2012 20:39)

Do not scalp 30 minutes before a orange or red news

where i can get this news?

well i am trading with this strategy too, but i have bb(50)+ mfi(8) and + cci to dont get in bad trades! never buj when cci is crossing 100 or sell when cci is crossing -100(going down to -101)
thanks for share anyways!