CCI Reversal Forex Bollinger Band Strategy

0
886

CCI Reversal Forex Bollinger Band Strategy

This is a type of Bollinger band strategy that uses 1 hour or higher timeframe. Any currency pair is applicable in this system.

Forex 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 must cross 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 MT4 users, 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 must cross up above or touches the top red line after the close of the green candle;
  • CCI must cross can either happen immediately at the close of the green candle that crosses the bollinger  Bands or up to 1 candle after;
  • For MT4 users, 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.

Exit Position:

  • Take Profit at 20 pips or exit 2 pips before the middle band.
  • Set stop loss on the previous wing.

Recommended MT4 Brokers

XM Broker

  • Free $50 To Start Trading Instantly! (Withdraw-able Profit)
  • Deposit Bonus up to $5,000
  • Unlimited Loyalty Program
  • Award Winning Forex Broker
  • Additional Exclusive Bonuses Throughout The Year

XM broker

>> Sign Up for XM Broker Account here <<

FBS Broker

  • Trade 100 Bonus: Free $100 to kickstart your trading journey!
  • 100% Deposit Bonus: Double your deposit up to $10,000 and trade with enhanced capital.
  • Leverage up to 1:3000: Maximizing potential profits with one of the highest leverage options available.
  • ‘Best Customer Service Broker Asia’ Award: Recognized excellence in customer support and service.
  • Seasonal Promotions: Enjoy a variety of exclusive bonuses and promotional offers all year round.

fbs broker

>> Sign Up for FBS Broker Account here <<

Click here below to download:

Save

Save



Get Download Access

Get Smarter About Forex Trading Using Indicators

Join 100,000+ subscribers and get our 5 min daily newsletter on what matters in forex.

We do not sell or share your information with anyone.

LEAVE A REPLY

Please enter your comment!
Please enter your name here