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

Published on December 18, 2023

Popular reviews related to Best Forex Trading, Day Trading, Forex Day Trading Signals, and How to Avoid Macd False Signals, 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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How to Avoid Macd False Signals

How to Avoid Macd False Signals, Is Bollinger Bands Indicator + RSI Trading Strategy Profitable? – Full Tutorial with Trade Examples.

The Very Best Forex Trading Strategy That No One Appears To Talk About

Do you feel that certificates are simply papers that can’t identify your self-worth? Here’s an easy-to-understand program overview I utilize myself that does just that! Here is an example of a basic trading system.

Is Bollinger Bands Indicator + RSI Trading Strategy Profitable? – Full Tutorial with Trade Examples, Get popular reviews relevant with How to Avoid Macd False Signals.

Here Are Some Of My Trading Ideas For Forex

Since we trade them all, we never miss out on any trend. Emotionless, profitable and non-discretionary. Every trader will face losses and need to accept them and deal with them.

But one of the simplest to use is the pivot point when you discover about forex trading there are lots of technical tools to master. Pivot points work with support and resistance levels to provide you an indication of entry and exit points for your foreign exchange trades.

Volume – One of the finest indicators of the conviction of traders. Volume, Macd Trading positioned in context with cost movement, enables me to trade effectively. To measure the significance of volume, we need a baseline. What I am looking for is the % modification over a typical day.

Notice the verifying signs: EMA 4 crossed LMA 10 upward on up pattern is suggested and realistic of achieving your target day-to-day i.e. both moving averages crossed LMA 120, then set your Stop Loss 10pips listed below the LMA 120 or look for the swing low. Also verify you signal when the Macd Trading signals pie chart is above the 0 line; signaling upward momentum.

Trade with the Trend. It is most conservative to trade with the pattern. Trying to forecast the bottom is more like gaming than trading. You ought to certainly go only half stake if there is other proof recommending that a pattern is reversing that you simply can’t neglect.

These days it’s very easy to create an electronic commodity Macd Trading Crossover system. The average software application will literally write and enhance itself. You can buy a “black box” that will provide you wonderful declared performance. However what does that inform you? If anybody can do it, then it’s of little worth and originality in the market and will become a loser with time. To get an edge, you require to determine the human trading weak points and code them into your software. Here’s an easy-to-understand program overview I use myself that does simply that!

A lot of indications that you will discover in your charting software application come from one of these two categories: You have either indications for determining patterns (e.g. Moving Averages) or signs that specify overbought or oversold situations and therefore offer you a trade setup for a brief term swing trade.

You’ll likely never have a “best” website or product but you know what? It doesn’t matter! It is essential you get going as soon as you can and make your website “live”. You can tweak things as you go along and improvements WILL come later on – but if you attempt to get everything “right” before you begin then you’ll never begin.

There are a lot of forex indicators based on pattern. However the secret is to make yourself knowledgeable about them prior to you can become a more effective trader. One model all by itself has the possibility to be wrong. However, if you have supporting details of a favorable pattern on numerous models, you are more than most likely looking at a really profitable scenario and need to move on it.

As constantly, it’s a great concept to trade just in the instructions of the overall pattern. Anybody, even the newbie trader, can understand and implement this. And especially the closing price at the end of every trading day.

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