Bollinger Bands and RSI Trading Strategy (Simple and Effective)

Published on March 5, 2021

Trending reviews highly rated Entering Trade, Forex Tools, Day Trade, and Bollinger Bands Downtrends Strategy, Bollinger Bands and RSI Trading Strategy (Simple and Effective).

In today’s Trading Beacon tutorial, all will be explained about the Bollinger Bands and RSI Trading Strategy.

This effective trading strategy makes use of the bollinger bands and rsi indicator, and shows you exactly how to use them effectively. There are two main trading strategies covered in this video, one of them involving the use of divergence. These can be used for a forex trading strategy, as well as stocks, crypto and futures.

So make sure to tune into today’s video to see the bollinger bands and rsi trading strategy in action!

✅ Subscribe Now:

📈 Free Trading Tutorials:


👉 The #1 Indicator For Trading:

👉 50 Pips Per Day Forex Scalping Strategy:

👉 Best Swing Trading Strategy:

👉 Ichimoku Indicator Explained:

👉 TDI Indicator Strategy:

👉 3 Bar Reversal Pattern Explained:

So the first step of the strategy is going to be setting up the bollinger bands properly. So click on indicators. Search for bollinger bands. And then click on this search result. Now, we’re going to have to make a few changes to the bollinger bands so that they work better for this strategy, so let’s do that now.

So double click on the bollinger bands to bring up the settings. The first thing I’m going to do is remove the background, since it’s not really needed. So simply click on this button and slide the opacity all the way down to 0%. Next I’m going to go in and change all 3 of these colours to black.

Ok, now let’s adjust the input settings for the bollinger bands. So the first setting we’re going to change is the length. So for those traders who don’t know, the bollinger bands are made up of 3 lines. The middle line is simply just a moving average, which takes the average of previous candlesticks and plots them as a line on our chart. So for example, if we left the length at 20, then this middle line would show the average of the last 20 candles. But for this strategy, we’re going to change the length to a setting of 30.

The upper and lower lines that you see, which are the upper and lower bands, are controlled by this setting. This word means “standard deviation.” So by leaving this setting at 2, that means we have a line plotted 2 standard deviations above and below the moving average. For this strategy, a setting of 2 for the standard deviation will work just fine.

Ok, now we have the bollinger bands set up properly for this strategy, so let’s set up the RSI as well. So click on indicators. Search for RSI. And then click on the search result labelled Relative Strength Index. You should now see the RSI appear below your chart. So double click anywhere on the RSI to bring up the settings, and let’s make a few changes.

Beauty Flow by Kevin MacLeod

Foreign exchange trading on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Past performance is not indicative of future results. The information presented today is not meant for use in live trading.
This video is not a recommendation to anyone on how to spend or invest their money. Take all videos as my own opinion, as entertainment, and at your own risk. I do not assume any responsibility or liability for any errors or omission in the content of this channel. This content is for educational purposes only, and is not tax, legal, financial or professional advice. Any action you take on the information in this video is strictly at your own risk. and all individuals affiliated with this channel assume no responsibilities for your trading and investment results.


Bollinger Bands Downtrends Strategy

Bollinger Bands Downtrends Strategy, Bollinger Bands and RSI Trading Strategy (Simple and Effective).

Bollinger Band Mastery

Bollinger bands rapidly determine these quiet times by using the Bollinger capture. Rate constantly returns to the middle of the Bollinger bands. This can be effectively chalked out through Fibonacci.

Bollinger Bands and RSI Trading Strategy (Simple and Effective), Get interesting updated videos related to Bollinger Bands Downtrends Strategy.

Forex Trading: The Something That Actually Matters

As soon as you have the software application that has DMI/ ADX indications, set them as follows: ADX set at 5 smooth. Stops can be put at the other end of the BB. You can use rate charts in order to track price motion history.

Technical analysis is a really crucial part of forex trading. It utilizes lots of reasonings. There are the pattern lines, the candlestick bars, the Bollinger bands and the Fibonacci grids. The last one is thought about essential in discovering market motion. It discovers what may be appropriate time for the marketplace to rally or reveal correction. At the very same time, it speaks about resistance and support levels.

Double Top Bollinger bands

You might would like to know where you can get more guides about Forex trading. In reality, you can attempt to visiting the website of brokers. On these websites, you will usually be able to find some complimentary ebooks. These ebooks will offer you with all the methods and essentials you will understand. For example, you will require to learn more about some indications such as the RSI and Bollinger Bands. You will be able to generate income if you can understand the significance of these signs.

For example, “In the course of a trading day, the first reversal duration happens approximately 9:50 A.M. to 10:10 A.M. after the market opens at 9:30 A.M. One reason this occurs is that the market makers and professional frequently take the opposite side of your trade. Remember for every single purchaser there is a seller. They will “bring the stocks in” to change their position.

Bollinger Bands Trader bands plot a moving average in the middle, and the extreme bands are formed by standard deviation lines around that moving average. Now don’t be terrified by the algebraic term standard deviations. You don’t need to understand how to determine them – the indicator does that by itself.

Her injuries were so extreme that the probability of her working again in the near future was slim at finest. She required Bollinger Bands monetary advice, but who to rely on, she had no concept.

The reality is, the “smart cash” does NOT trade the direction of the market. The “clever money” trades just in situations where a big relocation is most likely – and the “clever cash” doesn’t care which instructions that move takes, since they’re placed to make an earnings whether the stock falls or increases!

Numerous traders wait for the cost to hit the middle band and then move their stop loss to recover cost. Then they target the severe band in the direction of the daily pattern.

That’s where the idea of utilizing the stop hunters to my benefit is available in. A technique to convince our mind might be visualization. PD and FCX are 2 of the largest three copper manufacturers (along with PCU).

If you are searching instant engaging reviews about Bollinger Bands Downtrends Strategy, and Range Trade Successfully, Forex Trading With Bollinger Bands – 3 Things to Look for in a Profitable Trade, Range Trading, Forex Ambush Review please subscribe our subscribers database now.

Enjoyed this video?
Bollinger Bands and RSI Trading Strategy Simple and Effective
"No Thanks. Please Close This Box!"