Forex CCI Reversal Bollinger Bands Trading Strategy

Forex CCI Reversal Bollinger Bands Trading Strategy

Forex CCI Reversal Bollinger Bands Trading Strategy;

Forex CCI Reversal Bollinger Bands Trading Strategy

This is a Bollinger Bands Reversal Strategy.

Time Frame 60 min or Higher.

Currency pair: any.

Indicators:

Bollinger bands (20, 2);

CCI indicator (14 period below the chart);

CCI indicator arrow (14 period on the chart).

Short Entry

Green candle goes out of the Bollinger Bands followed by a red candle (setup candle)coming into the Bollinger Bands;

CCI indicator crosses down below or touches the top red line after the close of the red candle;

CCI cross can either happen immediately at the close of the red candle that crosses:

the Bollinger Bands or up to 1 candle after;

For customer metatrader 4 see sell arrow CCI (14) period;

Don’t enter if CCI has gone below the zero line at the close of the Setup Candle;

Don’t enter if the candle is close to the Bollinger Bands center line.

Long Entry

Red candle goes out of the Bollinger Bands followed by a green candle (setup Candle) coming into the Bollinger Bands;

CCI crosses up above or touches the top red line after the close of the green candle;

CCI cross can either happen immediately at the close of the green candle that crosses:

the bollinger Bands or up to 1 candle after;

For customer metatrader 4 see sell arrow CCI (14) period;

Don’t enter if CCI has gone above the zero line at the close of the Setup Candle;

Don’t enter if the candle is close to the Bollinger Bands center line.

In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.

For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.

How to install Forex CCI Reversal Bollinger Bands Trading Strategy?

  • Download Forex CCI Reversal Bollinger Bands Trading Strategy.zip
  • Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
  • Copy tpl file (Template) to your Metatrader Directory / templates /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your forex strategy
  • Load indicator on your chart

How to uninstall Forex CCI Reversal Bollinger Bands Trading Strategy?

To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.

Download Free Forex CCI Reversal Bollinger Bands Trading Strategy

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