Bollinger band strategy

bunti_k23

Well-Known Member
#12
30 minute setup;Requirements-(BB-20,2;EMA-13;CCI-21)

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LONG TRADE:-
1)At point A the bearish candle penetrated the bottom BB shows a oversold condition.
The next candle is a bullish engulfing candle shows a possible reversal of price.
2)At point B the CCI is crossing -100 from below,confirms the reverasal
3) Entry is when price cross 13EMA from below


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SHORT TRADE
1)At point A after a big bullish candle there appears a bearish doji candle.This shows upward momentum vanish.The doji candle penetrated the upper BB,which shows price
over bought condition.
2)At point B the CCI has crossed +100 to downwords confirms the price reversal
3)Entry is when price cross the 13EMA to downwords
:thumb:This can be coded ,i ll try this....:thumb:
 
#13
4 Hour method:
Here we use BB(20,2);EMA-5period;CCI-13

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LONG TRADE

1)CCi makes a positive divergance at the
point A
2)The candle at A touched the bottom bollinger band.Which shows an oversold
condition.After this candle a bullish engulfing reversal pattern appeared.
3)CCI confirms the trend reversal by crossing -100 to upwards at the point B
4)Enter when candle cross 5EMA to upwards.

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SHORT TRADE
1)Point A makes a double top with point C,
which shows a possible reversal
2)The candle at the point A makes a bearish hirami pattern and it has penetrated the upper bollinger band.Both
shows a reversal
3)At point B the CCI confirms the reversal
by crossing the +100 reading to downwards.
4)There is also negative divergance on CCI
5)Enter when candle cross the 5EMA to
downwards.
 

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