TradingLifeytb

Bollinger Bands/RSI/EMA500

Hello,
I am a young trader trying to become profitable in trading, this strategy that I have been looking for several months gives me nice gains when I leave my psychology on the sidewalk.This strategy is very mechanical and should appeal to all people who do not want not take the lead.


I present to you my indicator which gives a lot of information and which allows to use it in a trading strategy.
Here is what it gives as info:

Red triangle "SELL" tells us that the price has gone out of the bands (from the top) and re-entered, this indicates that there has been a rapid movement (possible false movement) and therefore that the price may then turn around.
Green triangle "BUY" tells us that the price has gone out of the bands (from the bottom) and re-entered, this indicates that there has been a rapid movement (possible false movement) and therefore that the price may turn around afterwards.
Most of the time it is a power that shows the start of a trend and that lasts the entire trend but there is a moment when the price turns around, it is this moment that we want to trade.

Small turquoise blue triangle: tells us that the rsi rose above 50.50 at the close of the candle.
Small Purple triangle: tells us the rsi fell below 49.50 at the close of the candle.

Red circles: indicates that the price has fallen below the EMA500.
Green circles: indicates that the price has passed above the EMA500.

Black circles "OB" and "OS" tell us that the rsi> 75 => "OverBought" and rsi <25 => "OverSold" (over-sold) at the close of the candle.

On the time frame of your choice:

The strategy is simple, you have to wait for "Buy" or "Sell", the breakout of the EMA500, the rsi which is above 50.50 (buy) or below 49.50 (sell)
WITHOUT That there is "Buy" or "Sell" between these signals so:
no "Sell" -rsi <49.50 - "Buy" -breaker of the EMA down. => false signal (most of the time the price does not go to the theoretical TP that you would have placed because these spikes in the bands show that we are approaching the end of the trend.)

You can resume a position as soon as the price has at least touched the EMA500 (even with the wick)

The SL above or below the last HIGHS / LOWS
and the TP at 6 times the risk.
If you want you can use the BE system otherwise don't use any.
Be patient and you will see the payoffs coming haha
watch out for false signals (there are some from time to time) follow the trends of higher times frames so don't buy corrections, wait until you have sell signals in a downtrend

I invite you to come to my Youtube channel if you want more information "Trading Life" (Green logo) you will recognize the video with these 3 indicators in the "# Strategies" playlist
Script protégé
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