Bollinger Bands, RSI and ADX Scalping Trading strategy

Trading Strategies 0 3,930



Summary : 

Bollinger Bands, RSI and ADX Trading System strategy is for 1 minute timeframe and the pairs that must be traded are major pairs. (USD/JPY, EUR/USD, GBP/USD)

 

Metatrader Indicators : 

- Bollinger Bands (20, 2)

- RSI (period 7)

- ADX (period 14)

 

Trading Conditions

 - Trading Times

             2am to 5am EST

             8am to 12am EST

             7.30pm to 10pm EST

 - Do not trading before critical news

 

Long Position Entry : 

1.     Price must be below the lower Bollinger band.

2.     RSI must be above 30.

3.     ADX is less than 32.

 

Short Position Entry : 

1.     Price must be above the upper Bollinger band.

2.     RSI must be below 70.

3.     ADX is less than 32.

 

Exit Rules : 

- Profit Option 1 : Profit Target is at 6 pips.

- Profit Option 2 : When price touch middle band.

- Profit Option 3 : When price touch the opposite band.

- Stop loss is at 7 pips.

 

How to install Files?

- Download Bollinger Bands, RSI and ADX Trading System strategy.zip

- Copy tpl file (Template) to your Metatrader Directory / templates /

- Start or restart your Metatrader

- Select Chart and Timeframe where you want to test your forex strategy

- Right click on your trading chart and hover on “Template”

- Move right to select Bb rsi adx

- You will see Bollinger Bands, RSI and ADX Trading System strategy is available on your Chart

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