Five minute Bollinger Bands + Stochastic and CCI confirmation Strategy!
Hello guys today I’m going to present you a five minute strategy. If used correctly this strategy can deliver above 75% win ratio. The strategy contains 3 indicators: Bollinger Bands, Stochastic and Commodity Channel Index. All indicators are with default settings.
You need to fallow few simple rules.
- Breakout of upper or lower Bollinger Bands with closure outside on 5m chart!
- Stochastic to be in overbought above 80 level or oversold under 20 level!
- Commodity Channel Index to be in overbought +100 or oversold -100 level!
Simple is that I have few more advises: Do not use this strategy 30 minutes before or after major news event. Also avoid trading sharp trending markets. I found that this 5 minute strategy to be most accurate in slow markets. I like to take few trades with this strategy before 7GMT and after 17:00GMT on a daily basis. The perfect condition as you can see on the screen shot below are: we have movement across the Bollinger Bands with good breakout closure also, stochastics to be on overbought or oversold level depending on the market direction. And finally CCI should already pointing the opposite direction. Probably you are going to notice one more wining signal on the example picture!