Is Bollinger Bands Indicator + RSI Trading Strategy Profitable? – Full Tutorial with Trade Examples

Published on December 4, 2021

New overview top searched Forextrading Strategy, Entering Trade, Trading Systems, and Bollinger Bands Downtrends Trading, Is Bollinger Bands Indicator + RSI Trading Strategy Profitable? – Full Tutorial with Trade Examples.

Is Bollinger Bands Indicator and RSI Trading Strategy Profitable? – Full Tutorial with Trade Examples

In today’s video, we are combining the Bollinger Bands indicator with the Relative Strength Index in one single trading strategy, this is one of the strategies suggested by some of the subscribers of this channel after watching the videos where we backtested
the Bollinger Bands trading indicator as well the RSI. The results were quite promising, but what if we trade Forex using the two indicators simultaneously.

So if you are looking for a video on how to trade the Bollinger Bands or you would like to know whether it is a good strategy combined what the RSI indicator, that this video is right for you.

That’s what we are going to do today.

Bollinger Bands is developed by John Bollinger in the 1980s and it is commonly used to measure the volatility of an asset.

There are 3 components to Bollinger. The first one is just a simple 20-day moving average which is represented by the middle band. The second and third are the upper and lower bands that are two standard deviations away from the 20-day Simple Moving Average.

In general, when the bands tighten during a period of low volatility, it raises the likelihood of a sharp price move in either direction. This may begin a trending move. Watch out for a false move in the opposite direction which reverses before the proper trend begins.

RSI is a momentum oscillator that measures the speed and change of price movement. The RSI oscillates between 0 to 100, where anything above 70 traditionally represents overbought and anything below 30 represents oversold.

In an uptrend or bull market, the RSI tends to remain in the 40 to 90 range with the 40-50 zone acting as support. During a downtrend or bear market, the RSI would stay between the 10 to 60 range with the 50-60 zone acting as resistance. These ranges will vary depending on the RSI settings and the strength of the currency pair.

So should we trade the Bollinger Bands with RSI indicator? Make sure to watch the video till the end to know the answer.

If you are looking for a solid trading strategy to capture pips on a daily basis that this strategy is for you.

#Bollinger_Bands #RSI_Indicator

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Bollinger Bands Downtrends Trading

Bollinger Bands Downtrends Trading, Is Bollinger Bands Indicator + RSI Trading Strategy Profitable? – Full Tutorial with Trade Examples.

Forex Trading With Bollinger Bands – 3 Things To Try To Find In A Rewarding Trade

With time the way we handle currency trading has actually changed. For verification, Bollinger Bands can be usage with other indications as states above. You rely on your trading approach and begin taking trades systematically.

Is Bollinger Bands Indicator + RSI Trading Strategy Profitable? – Full Tutorial with Trade Examples, Find latest high definition online streaming videos relevant with Bollinger Bands Downtrends Trading.

Best Strategy For Forex Trading – The Dow Wave

The 4th chart is a two-year day-to-day SPX to VIX ratio chart with 50 and 200-day MAs. So far I’ve just hinted about where to put your stops and limits. Forex trading signs can be your secret to all of this.

Making money in the foreign exchange is not tough at all as long as you keep things easy. And if you have never traded the forex before, you have a certain benefit over the majority of individuals that have. Why? Because the majority of forex traders have to break bad routines before they can find out great ones. Today, I wish to show you a forex trading method that anyone can use to make cash.

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Identifying a trending market with Bollinger Bands is extremely basic. Rate will walk up the upper band if the market is trending up. If the market is trending down, price will stroll down the lower band.

These signals are likewise exit signals for the opposite position. So fro example you have a brief position open and you got signal to go long. Firs close the short position then open the long position.

And frustrating it is! In 2004 I opened my first FOREX account with just a few hundred dollars in order to check out the waters a bit. I figured, “OK, how hard can this be? I’ll simply set my targets at 3 times the range to my stops so I’ll have a 1:3 risk/reward ratio. Then, all I require to do to earn a profit is be right more than 25% of the time on my trades. Any dolt can do that, right?” Well this dolt obviously could not, since about a lots trades later on I believe I might have hit my target about two times Bollinger Bands Trader . Every other trade was stopped out. Unbelievable. What was occurring?

Nevertheless, if the stop loss point if quite a distance away from Bollinger Bands the point you wish to come into the market, its recommended you do not position the point there. Rather, a stop loss point can be positioned either on top of the day in the past’s high and low or below the day in the past’s high or low.

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

Stops can be placed at the other end of the BB. Location stops just above the upper lip of the BB if going short. If price had actually closed below the middle MA, it ought to take etraordinary motion in rate to take you out. Do not move your stop! If you are taken out, then you have been wrong. Search for the next trade.

So focus only on a couple of currency sets while trading. That leaves just 5% or a 2u00a01/2% possibility that a cost will be beyond either the 2 or -2 level. The Relative Strength of the NASDAQ exchange is strong and might reveal gains.

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