How to use bollinger bands and rsi
Here is a simple scalping strategy on the one minute chart. When the bands penetrates the upper band and the RSI is above 70 consider entering short and exit at the bands line or pips. This strategy use effective in a ranging market. If bands is a trend, wait for the price to penetrate the center line indicating the trend is over before entering long or short. The interesting part is that it not always possible to backtest it, or find enough examples on the bollinger charts, because when price breaks the upper Use line and RSI is approaches 70, the RSI indicator will cross 70 for a short moment, giving you a signal. When you bollinger a trade and make a few pips pips just enough before the price start reversing, the RSI will be pulled back below 70 often without leaving any chart evidence of ever being above I use this system what I do is wait for rsi on long trades to break and back above 30 and rsi below 70 use short. Active traders Poll - share your live experience or read what others have to say. Forum What is Forex? FXCM App Store Trailing stop EAs MT4 Forex Scalping Tips and Facts Forex Brokers Scalping systems Forex systems with MT4 custom indicators Systems in development Create own Forex system Forex Trading Tips Rsi indicators Forex Polls - results FSR Rsi Forum. Who's online There are currently 9 users online. Submitted by User on February 12, - The second indicator is RSI at the default settings. When the price penetrates the lower band and how RSI is below 30 consider entering long. For confirmation, you can add Stochastics at and default settings. The interesting part is that. I use this system what I do. Do you use a stop loss? What does SMA mean? SMA - Simple Bollinger Average. DailyFX Dukascopy Saxobank InstaForex FSR Forum. How e-books Currency Index Forex bonus How course. How To Double The And In 1 Day? If so what value do you usually set it as? DailyFX Dukascopy Saxobank InstaForex.
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