Bollinger Bands & RSI Divergence Trading Strategy with NO STOP LOSS – Scalping Strategy

Published on June 9, 2023

Latest replays about Forex Professional System Trading, Ranging Market, Forex Day Trading Signals, Forex Market, and How To Trade Divergence, Bollinger Bands & RSI Divergence Trading Strategy with NO STOP LOSS – Scalping Strategy.

“90% win rate”
In today’s video, we go over a simple Bollinger bands trading strategy that one of our subscribers has sent us. If you would like to learn how to trade using the Bollinger bands trading strategy or you just want to know about its efficiency, then this video is for you.

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We have previously made two videos where we trade forex using a Bollinger bands trading strategy, we have also tested a Bollinger bands trading strategy 100 times before. We have received many requests from our subscribers asking us to get their Bollinger bands trading strategy tested using an expert advisor. It’s probably the most effective way to test a trading strategy as all the trades are made automatically.

When we look at the Bollinger Bands trading strategy, it looks like a great indicator to trade Forex, the price seems to always respect the bands. So imagine if we sell when the price touches the upper band and exit when it touches the lower one. That sounds pretty obvious, right? How successful would be this strategy in your opinion? that’s what we will learn today!

A few weeks ago, we received a strategy from one of our subscribers. He wanted us to backtest a simple Bollinger Bands trading strategy that has according to him a success rate of 90%. So far, he has been backtesting it manually using the replay mode and Excel spreadsheet.

The best thing about this Bollinger bands trading strategy that Asim sent us is its simplicity. it is only relying on the Bollinger Bands indicator that I am sure that you guys are familiar with.
It’s probably one of the most simple trading indicators that you can think of.

No worries. I will explain this strategy in detail and go through some examples from the chart, we will learn when to enter and exit the market. and once done, we will backtest the strategy together and see how profitable it is. So keep watching till the end!

This strategy relies entirely on the Bollinger Bands indicator which is a technical analysis tool defined by a set of trendlines plotted two standard deviations (positively and negatively) away from a simple moving average of a security’s price, but which can be adjusted to user preferences. Bollinger Bands are a type of price envelope developed by John Bollinger, the price envelopes define upper and lower price range levels.

So before you consider using the Bollinger bands trading strategy, remember to backtest your setup multiples times as this technical indicator can be misleading and might lead you to enter low probability setups.

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How To Trade Divergence

How To Trade Divergence, Bollinger Bands & RSI Divergence Trading Strategy with NO STOP LOSS – Scalping Strategy.

Forex Trading Method – 3 Basic Actions For Forex Success
The first point is the strategy to be followed while the second pint is the trading time. Breakouts are simply breaks of crucial support or resistance levels on a forex chart. The Stochastic – is a very effective trade indication.

Bollinger Bands & RSI Divergence Trading Strategy with NO STOP LOSS – Scalping Strategy, Get popular videos about How To Trade Divergence.

Useful Ideas On How To Excel At Stock Trading

It shows you the crossovers of bullish and bearish divergence of oversold and overbought levels. The charm of cycle analysis is that we can frequently pinpoint possible tops and bottoms well ahead of time.

There is a difference between trading and investing. Trading is constantly short-term while investing is long term. The time horizon in trading can be as brief as a couple of minutes to a few days to a couple of weeks. Whereas in investing, the time horizon can be months to years. Lots of people day trade or swing trade stocks, currencies, futures, alternatives, ETFs, products or other markets. In day trading, a trader opens a position and closes it in the very same day making a quick profit. In swing trading, a trader tries to ride a trend in the market as long as it lasts. On the other hand, a financier is least pressed about the short-term swings in the market. She or he has a long term time horizon like a couple of months to even a few years. This very long time horizon matches their investment and financial objectives!

Usage another sign to confirm your conclusions. If the resistance and the supportlines are touching, then, there is likely to have a breakout. And if this is the Stochastic Trading situation, you will not have the ability to presume that the cost will turn again. So, you might just desire to set your orders beyond the stretch ofthe resistance and the support lines in order for you to catch a taking place breakout. Nevertheless, you must use another sign so you can verify your conclusions.

His main methods include the Commitment of Traders Index, which reads like a stochastic and the second is Major & Minor Signals, which are based upon a fixed jump or decline in the abovementioned index. His work and research are very first class and parallel his character as a person. Nevertheless, for any methodology to work, it has to be something the trader is comfy with.

So, here are some beneficial pointers to effectively trade foreign currency exchange in an unforeseeable market. Sure enough, you can use these suggestions while utilizing a demonstration account. After all, using a demo account will allow you to practice forex Stochastic Trading and make you prepared for the real thing.

This system is easy and you require to comprehend this reality – all the best systems are. Forget professional Stochastic Trading systems, neural networks or lots if indicators – basic systems work best as they are robust and with less components to break in the face of brutal ever altering market conditions.

If you wish to generate income forget “purchasing low and selling high” – you will miss out on all the huge moves. Rather aim to “purchase high and offer greater” and for this you need to comprehend breakouts. Breakouts are merely breaks of essential assistance or resistance levels on a forex chart. Most traders can’t purchase these breaks.

This is a simple Forex trading technique which is rational, east to find out and is an ageless way to generate income. You can quickly discover a swing trading technique in a week or to and after that, your all set to achieve trading success in less than an hour a day and make yourself some terrific Forex earnings.

Do you have a stop loss or target to exit a trade? Flatter the support and resistance, more powerful will be your conviction that the range is authentic. They do this by getting the right responses to these million dollar questions.

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