Bollinger Bands and RSI Trading Strategy

Bollinger Bands and RSI Trading Strategy

21 November 2017, 14:33
Dragan Drenjanin
0
24

Tools: any

Time frames: M15, M30

Indicators: RSI (11), Bollinger Bands (20;2)

Conditions for "buy" trades: the RSI value must be over 70 and the current price must be above the higher Bollinger band.

Conditions for "sell" trades: the RSI value must be below 30 and the current price must be below the lower Bollinger band.

Exit:

M15: EURUSD – 15 points, GBPUSD – 19 points.

M30: EURUSD – 19 points, GBPUSD – 25 points.

Stop Loss shall be placed 10 points higher or lower than the entry point.


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