Forex Bollinger Band Stop with RSI Filter Trend Following Trading Strategy

Bollinger Band Stop with RSI Filter is a trend following multi time frame strategy based on the Bollinger Band Stop indicator and RSI Filter.

How to use Bollinger Band Stop:

  • The first stop is when there is a trend change, the stop is set to the same as the opposite side bb. Then it stays the same as the band as long as the band is going in the direction of the trend, but then when the bb changes direction, it stays level, just like any other trailing stop. Look at the first blue dot in your picture, the close of that bar is above the previous bars red line = trend change. Then it stays level as the bottom bb goes down.

Time Frame: 15 min or higher.
Markets: Currency pairs (majors), Indicies (S&P 500, Nasdaq, Dow Jones, DAX, FTSE) Commodities (Silver, Gold and Oil).


Metatrader Indicators setting:


  • Bollinger Band Stop (20:2),
  • RSI Filter (14 period),
  • HBH bar (1-15),
  • 5 simple moving average (optional)
  • ADX 9
  • I trend (13 Power Period)


Bollinger Band Stop with RSI Filter Trading Rules 


Trade only in direction of the major trend.

If you want trade 4h time frame, open daily chart and check the trend after open the 4H chart and trades in direction of the trend of daily chart.

How you check the trend? Simple:-Bollinger Band Stop and RSI Filter must be agree.


Time Frame Setting
  • 15 min time frame with 60 min,
  • 30-60 min time frame with 240 min,
  • 240 min time frame with daily time frame,
  • daily time frame with weekly time frame.
  • Best time frame are 240 min (with daily) and daily (with weekly).


Buy Rules
  • Bollinger Band Stop blue dot,
  • HBH bar doger blue,
  • RSI filter blue bar.
  • White¬† ADX 9 upward and >30
  • Green i_Trend upward
  • Magenta i_Trend downward




Sell Rules
  • Bollinger Band Stop red dot,
  • HBH bar doger red,
  • RSI filter red bar.
  • White ADX 9 upward and >30
  • Green i_Trend downward
  • Magenta i_Trend upward



Exit position at the opposite dot of the bollinger band dot but the best exit is with predetermined profit target (that depends of the volatility of the market).

Initial Stop loss on the previous swing.

keep it simple!!

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