15Min Bollinger System

Hello,

Place on a 15Min Chart:

Bollinger Bands, 20SMA and 1 standard deviation
160 SMA -- used to simulate a 10 SMA on 4HR chart

RSI, 14 with BB(20, 2) And 5EMA and 8EMA


Based on the slope of the SMA draw trendlines



SHORT--

Price crosses below the Bollinger Bands near top of trend line (if showing Downtrend)

and vice versa

the RSI is used for confirmation when both EMAs cross below the middle of the bollinger



Set SL 20 to 30 pips above the upper trend line (if showing downtrend)

TP at 40, 50 or 60, let it run if its HOTTT!!!

Looks like a winner to me...wishing you many pips!

I really appreciate your comment.

Actually I'm using this with a 4HR strategy as you can see with the 160 period SMA.

I've had 4 live trades so far and 3 have been good.


The 4Hr has the same RSI settings except i'm using 8 instead of 14. I also use a CCI index set at 14. I'm looking for a crossing of the RSI 5ema below the middle band along with a corresponding cross below 0 on the CCI.

So far forex has been treating me well and I hope it continues. Trading in the Zone really did wonders. Seeing a professional trader compliment my system is something special.

if you wish i could attach the 4Hr strategy which compliments the one mentioned above

You could also try the indicator below. It will show you the crosses without having to have the actual bands on the graph. I found it somewhere on the forex-tsd forum.

I hope it's ok for me to post it here. If not, I apologise

Good luck

which of the SMA's do you draw the trend lines? the 160 or the 20?