Ea forex bollinger bands
If you have any questions or suggestions you are welcome to join our forum discussion about Combining the Relative Strength Index and Bollinger Bands.
The indicator we will be using is the Relative Strength Index RSI with its period set to 14, overbought level — 70, oversold level — 30while we will also apply the Bollinger Band with its default settings. We mark the In order to make an entry, a trader will need to use the minute time frame.
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During a bull trend in case a candle closes below the lower band of the Bollinger and then the next candle closes above the lower band, this is a setup for a long entry. The protective stop needs to be placed on the low price of the candle, that closed below the lower band.
During a bear trend in case a candle closes above the upper band of the Bollinger and then the next candle closes below the upper band, this is a setup for a short entry.
The protective stop forex kp to be placed on the high price of the candle, pro forex strategy closed above the upper band. Below we visualized several short and long trades, based on the above mentioned trading approach.
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Bollinger Bands® | Forex Indicators Guide
WednesdayJune 21st. Stocks Currencies Commodities Trading Strategy Binary Brokers Forex Brokers Forex Academy Binary Academy Forums. Combining the Relative Strength Index and Bollinger Bands You will learn about the following concepts Indicators used with this strategy Signals to be looking for Entry point Stop-loss Profit target.
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