CCI with Bollinger Bands Bounce is a reversal trend strategy based on slow Bollinger Bands and CCI modified. The purpose of this strategy is to catch the ping pong of the price.
Options:
Indicators:
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Options:
- Time frame 15 min or higher.
- Currency pairs: majors and minors at higher time frame.
Indicators:
- The 100 period BB deviation 3.
- I-g-cci2 period 21, level "0".
- TM M15, below no recommend (if too much itching, then the period in CCI do more than 3 times).
- CCI crosses "0", the price is below MA100 or crosses it (the average line BB) ideally, the price should touch the lower line BB open buy order. If the price is too close to mA 100 (for me, the limit of 5 points 4 sign) - the transaction is dangerous. If the price is above 100 MA - do not go to buy!
- Goal #1 - MA 100, goal # 2-upper\the lower(if cell) line BB. On change of the channel TP is transferred on change.
- Initial stop loss below tthe lower band.
- CCI crosses "0", the price is above MA100 or crosses it (the average line BB) ideally, the price should touch the upper line BB open sell order. If the price is too close to mA 100 (for me, the limit of 5 points 4 sign) - the transaction is dangerous. If the price is below 100 MA - do not go to sell!
- Goal #1 - MA 100, goal # 2-upper\the lower(if cell) line BB. On change of the channel TP is transferred on change.
- Initial stop loss above the upper band.
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