Huge Improvement in Bollinger Band-RSI Strategy

Best full length videos top searched Trade Multi Lots, Forex Trading With Bollinger Bands – a Trending Trading Strategy That Just Plain Works!, and How to Trade Bollinger Squeeze, Huge Improvement in Bollinger Band-RSI Strategy.

I’ve been working on optimizing the results from this video:

I’ve found some modifications that show significantly better historical results, and I also give some tips on how to go looking for improvement to strategies. Here’s the original strategy rules:

Indicators:
30 period Bollinger band with default 2 standard deviation upper and lower bands
13 period RSI
30 period bollinger band width with default 2 standard deviation bands
14 period average true range

Trading rules (long):
Current candle is green
Current candle close is greater than high of previous candle
Previous candle is red
Previous candle low is lower than the lower bollinger band
RSI at the previous candle is less than 25

Trading rules (short):
Current candle is red
Current candle close is less than the low of previous candle
Previous candle is green
Previous candle high is greater than the upper bollinger band
RSI at the previous candle is greater than 75

Position is taken at the open of the subsequent candle

The new addition is to add the 30 period Bollinger Bandwidth indicator and for daily candles, add Bollinger Bandwidth greater than 0.2, or for 15 minute, 30 minute, and 1 hour timeframes use Bollinger Bandwidth greater than 0.08.

Stop loss for daily candles is entry price minus 3* the trigger candle’s ATR;
Target for daily candles is entry price plus 2* the trigger candle’s ATR

For other time frames, use 1.6*ATR for both stop and target.

I still have more tweaking to do on this strategy, but this was such a significant improvement that I wanted to share my progress so far.

As you’ll see the profit in some cases is doubled or more, and for 30 minute timeframe these modifications actually took this strategy from an overall loss to a significant gain.

Remember, this is all for educational purposes; I am not an investment advisor and do not advocate for or against any particular investment or investment strategy.

How to Trade Bollinger Squeeze, Huge Improvement in Bollinger Band-RSI Strategy.

A Mini Guide To Forex Trading

But I advise 15 minutes because of how psychological and noisy the 5 minutes chart is. Nevertheless, PD, FCX, and copper may move by approximately the exact same portions. You can be able to find a lot on the internet.

Huge Improvement in Bollinger Band-RSI Strategy, Play trending videos related to How to Trade Bollinger Squeeze.

Scalping The Forex Market For Mega Profits

Another way to recognize the range is to utilize some kind of indicator. Constantly search for sensible earnings targets and change them based on your past outcomes. Firs close the short position then open the long position.

Losing time and cash on books and courses that do not work, purchasing a charting program, opening a brokerage account and beginning to trade without a plan is a prepare for disaster.

Bollinger Bands measure market volatility. They use 3 lines of information: an average that changes in the middle; an upper line, which monitors the changing average and after that adds two standard variances; and a lower line, which monitors the changing average, and deducts 2 basic discrepancies.

The 2nd kind of trader is forever learning, in fact it never ever ends. They have actually found out by bitter experience how emotional trading can cost them money.The distinction in between the second and very first trader is that the second trader has actually ended up being mindful of their feelings, though they still experience problems in this area.

So the finest method is to trade 3 lots when you have a high probability setup and you have actually recognized it on your inner scale. The first lot must be lined up with the financial. The 2nd Bollinger Bands Trader lot ought to be aligned with the technical aspects of the trade something like the range width. Suppose the variety is 60 pips broad. The first lot must have a limit of 20 pips. You can set the limit to 40 pips something shorter than the other side. The third lt can be like a wild card.

Do not forecast an assistance or resistance level based entirely on Bollinger Bands. You are seeking opportunities to benefit not chances to trade! Wait for the rate to bounce very first and look for confirmation from other indicators prior to you enter a trade. As soon as the turnaround pattern is verified by other signs, you can place your stop loss on the other side of the Bollinger Band.

When I have some standards in my head for what the EUR/USD rate range could appear like, I will look at the 1-hour chart, and identify the dominant pattern on that amount of time. If the 1-hour chart tells me the general bias for EUR/USD is, say neutral to bearish, I will be trading in the direction of the trend, i.e., shorting EUR/USD.

This is absolutely what you need to do in a cost breakout. If the cost keeps going up in an extended breakout, you simply keep changing your stop upwards to secure more earnings (this is called a routing stop, more later this topic) and keep raising your limitation also.

You can most likely call at least a half-dozen various signs without even thinking too hard, right? This is a question everybody asks each time they take a look at a trading chart. You can utilize the bands to exit a trade or get in.

If you are looking instant engaging reviews about How to Trade Bollinger Squeeze, and Trend Follow Forex, Learn Forex you should join our a valuable complementary news alert service totally free.