Wilder's RSI Band Breakout is a trading system based on three indicators Bollinger Bands, BB Band stop and Wilder' RSI. The purpose of this strategy is to enter in the market when there is a trend, then there are two solutions:
1. follow the trend with BB Stop;
2. fast predetermine profit that depends by pairs and time frame.
This strategy is a variant of the classic Bollinger Bands Breakout.
This strategy is suitable for scalping, day trading and swing trading.
Note_: Wilder's RSI works best on divergences with Renko chart (see example below).
Options:
Buy
Buy
Download Strategy
1. follow the trend with BB Stop;
2. fast predetermine profit that depends by pairs and time frame.
This strategy is a variant of the classic Bollinger Bands Breakout.
This strategy is suitable for scalping, day trading and swing trading.
Note_: Wilder's RSI works best on divergences with Renko chart (see example below).
Options:
- Time frame 5 min or higher.
- Currency pairs: Majors more Indicies, Gold and Oil.
- For 5 min time frame trading sessions;: London and New York.
- Bands (20 period, deviation 2.0),
- Money Dot
- BB Stop (period 20, deviation 1.0),
- Wilder RSI 12 period, close.
Buy
- Wilder RSI is above 70 level;
- the price close out the upper band.
- Make profit at the with money dot, with profit target predetermined or following the position with BB Band stop.
- Place initial stop loss below the lower band.
- Wilder RSI is below 30 level;
- the price close out the lower band.
- Make profit at the red money dot, with profit target predetermined or following the position with BB Band stop.
- Place initial stop loss below the lower band.
- Max two re-enters in same direction.
- This trading method is discretionary only for experts.
- The setting of BB Band stop is (20 period and deviation 2.0).
- Box size 2 pips or higher.
Buy
- Find the bullish divergences on Wilder's RSI.
- Enter when BB band stop is in buy.
- Find the bearish divergences on Wilder's RSI.
- Enter when BB band stop is in sell.
Download Strategy
