Submit by Janus Trader
Time Frame 15 or Higher.
Currency pairs: all.
Indicators:
Bollinger Bands (250; 2); (250;2).
MA 250 Low; MA 250 High
80 Ema
Stochastic (100, 3, 3)
Long Entry:
when price is above 250 sma green line ,80 ema above 60 lineand stochastic is buy>green line.
Short Entry:
when price is below 250 sma line, 80 ema below 40 lineandstochastic is sell<red line.
Exit:
Stop lossfor buy is 250 EMA Low, Stop Loss for Sell is 250 EMA High.
Take Profitare the bands or ratio 2:1 stop loss.
Rules for Buy Signal:
Price should hit Bollinger band’s oversold level in two places,
one following the other. (Double bottom).
The double bottom should create a convergence in the RSI
indicator. If it didn’t, then it’s not a valid signal. Ignore it.
Rules for Sell Signal:
Price should hit Bollinger Band’s overbought level in two
places, one following the other. (Double top).
The double top should create a divergence in the RSI
indicator. If it didn’t, then it’s not a valid signal. Ignore it.
Re-enter
If the current trend is down, you can re-enter sell at any
overbought level of the Bollinger bands indicator. Your
stoploss should be the last support level. The same for up
trends, but your stoploss in this case should be the last
resistance level.
When you re-enter the market, make sure that the RSI
indicator is on your side. At or above 60 if the trend is up.
and at or below 40 if the trend is down.
Write a comment
Comments: 16
- #1
Shane (Thursday, 27 September 2012 22:25)
this is a great system
- #2
Tran Van Tri (Wednesday, 21 October 2015 16:53)
Tran Van Tri
- #3
gf (Saturday, 06 February 2016 16:04)
good
- #4
micheiln (Sunday, 07 July 2019 03:29)
thank yoku
- #5
sat (Monday, 08 July 2019 03:45)
i'm sorry it seems there is some error edit,
Indicators:
Bollinger Bands (250; 2); (250;2).
MA 250 Low; MA 250 High
80 Ema
Stochastic (100, 3, 3).but your pict show Bollinger band and RSI, please correct it thanks
- #6
mamo (Saturday, 28 December 2019 13:33)
thanks
- #7
omlet (Tuesday, 14 January 2020 07:29)
thanks super strategy
- #8
Gujju (Thursday, 23 January 2020 06:57)
Gujju
- #9
yellow (Sunday, 07 June 2020 10:43)
good strategie
- #10
Trần Xuân Thắm (Monday, 15 June 2020 11:13)
i want this stragtegie
- #11
ajmeer (Wednesday, 17 June 2020 08:11)
Interested to apply in this strategy
- #12
xuân phó (Sunday, 26 July 2020 17:10)
Can you send this strategy for me, thanks
- #13
Arunkumar Shivaraman (Wednesday, 02 September 2020 19:57)
thx
- #14
Victor (Monday, 28 September 2020 03:27)
how could i have this indicator?
- #15
keat (Monday, 26 October 2020 15:16)
thanks
- #16
Marcel (Saturday, 28 November 2020 21:58)
I suspect this is a copy paste error, meaning two strategies are mixed together. From what I understood is this strategy does not have an EA (Expert Advisor). You simply plot the RS (14) andBollinger Bands on your chart and look for divergences in RSI together with spikes outside the Bollinger Bands as described in "Rules for Buy / Sell Signal". Keep in mind that RSI can stay overboughtfor a longer period of time when the trend is strong. A one off divergence does not necessary mean a trend change. It is a good countertrend strategy for pullbacks. Always look at the highertimeframe.
Share your opinion, can help everyone to understand the forex strategy.
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