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

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

Comments: 6

#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!