Bollinger Bands, RSI and ADX Trading System

Bollinger Bands Trading

This is a Forex Scalping Trading Sytem based on the Bollinger Bands.

Pairs:Major

Time frame: 1M.

Spread max:0,0001.

Indicators:

Bollinger bands (20, 2);

ADX (14 period);

RSI (7 period ).

You must only trade this system between 2am to 5am EST, 8am to 12am EST and 7.30pm to 10pm EST.

Do not scalp 30 minutes before a orange or red news

report and not for a hour afterwards.

Setup:is for price to move above the lower or lower Bollinger Bands, RSI raise above the 70 line or below the 30 line and ADX<32 at the same time.

Long Entry: price to move below the upper Bollinger Bands( deviation 2 and 20 period), RSI (7 period ) raise above the 30 line and ADX<32 at the same time.

Short Entry: price to move above the upper Bollinger Bands( deviation 2 and 20 period), RSI (7 period ) raise below the 70 line and ADX<32 at the same time.

Profit Exit: 3 options: 1, exit position when the price touches the middle band, 2) when the price touches the opposite band, 6 pips target profit.

Loss Exit: stop loss on high/low entry bar or 7pips loss

bollinger Bands RSI and ADX

Bollinger Bands, RSI and ADX Trading System

Bollinger Bands, RSI and ADX Trading System

Share your opinion, can help everyone to understand the forex strategy.

For trade I recommend to choose Broker with MT4 >>