At this time, purchasing EASY Bot items is not available to all members. Read more - how to get access to purchase
Bolligerband RSI ADX advance auto trade
Overview
For those who are eager to optimize their currency trading strategies, the Bolligerband RSI ADX trading system promises a powerful Forex Scalping method. This innovative system leverages three key indicators: Bollinger Bands, the Relative Strength Index (RSI), and the Average Directional Movement Index (ADX).
The Indicators: Bollinger Bands, RSI, and ADX
The cornerstone of this trading system is the use of Bollinger Bands, which are typically set at 20 periods with a deviation of 2. The Bollinger Bands serve as volatility curves that move with the price and contain approximately 90% of all price action, providing a visual representation of the price range.
The RSI, set at a 7 period, is an oscillator that measures the speed and change of price movements. When the RSI exceeds the 70 line or falls below the 30 line, it indicates overbought or oversold conditions, respectively.
Lastly, the ADX, with a 14 period setting, measures the strength of a trend but not its direction. When the ADX is below 32, it signifies a weaker trend, which is an essential condition for executing trades in this system.
When to Trade and When Not to Trade
The Bolligerband RSI ADX system is best applied during specific trading hours. The ideal time frames are 2am to 5am EST, 8am to 12am EST, and 7.30pm to 10pm EST. It is recommended to avoid scalping 30 minutes before a significant news report (denoted by orange or red) and for an hour afterwards to prevent major market volatility that could significantly impact trades.
Trading Entries: Long and Short
In this system, both long and short entries have specific requirements. For a long entry, the price should move below the upper Bollinger Bands (deviation 2 and 20 period), the RSI should rise above the 30 line, and the ADX should be less than 32 concurrently.
For a short entry, the price should move above the upper Bollinger Bands, the RSI should fall below the 70 line, and the ADX should be less than 32 at the same time.
Exit Strategy: Profit and Loss
Exiting trades also has its rules. Traders have three options for profit exit: when the price touches the middle band, when the price touches the opposite band, or when a 6 pip target profit is reached. For loss exit, the stop loss should be set at the high or low of the entry bar, or at a 7 pip loss.
FAQ
What is the maximum spread for this system?
The maximum spread is 0.0001.
Is this system suitable for all currency pairs?
The Bolligerband RSI ADX system is best used with major currency pairs.
Is this trading system suitable for beginners?
While this system seems complex, with practice and careful study, even beginners can benefit from its potential profitability.
To see independent testing of the Bolligerband RSI ADX system, visit forexroboteasy.com. You can also subscribe to updates on the testing results of this product. We encourage traders who have used this system to share their experiences. Please note that this is an independent product review and all information is provided in the third person.
The Total Trade Manager is a well-regarded tool in ...
Forex Trading is a dynamic and challenging field that ...
The international forex market, arguably the world’s ...
Among the various Forex trading tools, the Cycle Sniper ...
forexroboteasy.com