Bollinger Bands Strategies - CCI Divergence Forex Bollinger Band Strategy








This is another bollinger Band system that trades on reversal. Applicable only to major pairs and works on 30 minute and 4 hour timframe.

Forex Indicators:

  • Bollinger Bands
  • 5 period Smoothed Moving Average set to High
  • 5 Period Smoothed Moving Average set to Low
  • Fibonacci Pivots THV

Indicator Sub Window 1

  • 21 period CCI indicator
  • Light Sea Green
  • Thickness of 2
  • 21 Period Bollinger Bands indicator
  • Shift: 0
  • Deviations: 2
Apply to First Indicator’s Data
5 Period Smoothed Moving Average indicator
Thickness of 2
Apply to First Indicator’s Data

Indicator Sub Window 2

  • Volumes indicator
  • Value Up: Green
  • Thickness of 2
  • Value Down: Red
  • Thickness of 2

Entry Rules

Sell Trade Entry Rules
  • Check if the SMMA channel is below the Middle Bollinger Band, if so, then the market is in a downtrend.
  • You must determine the trend. refer to the 4 hour chart.
  • Look at the 30 minute chart and wait for price to approach a Resistance area.
  • If there are no price action patterns to trade, check to see if there is divergence present between Price and the CCI/BB/SMMA window on the 30 minute time frame.
  • If either of the above criteria are met, check that there is high volume, that the Volume bar is forming significantly higher or consecutively higher peaks.
  • If these conditions are met, enter a new trade position as soon as the candlestick pattern or divergence pattern has completed.
  • Stop loss must be set at the most recent swing high.
  • You can use trail your stop using the SMMA channel or middle Bollinger Band.
  • Manual exit is also helpful, just refer to the Bollinger Band on the CCI (first indicator window) when it begins to contract.
Buy Trade Rules.
  • Check if the SMMA channel is above the middle Bollinger Band, if so, then the market is in an uptrend.
  • See it on a 4 hour chart.
  • Look at the 30 minute chart and wait for price to approach a Support area.
  • If there are no price action patterns to trade, check to see if there is divergence present between Price and the CCI/BB/SMMA window on the 30 minute time frame.
  • If either of the above criteria are met, check that there is high volume, that the Volume bar is forming significantly higher or consecutively higher peaks.
  • If these conditions are met, enter a new buy trade position as soon as the candlestick pattern or divergence pattern has completed.
  • Stop loss must be set below the most recent swing low.
  • Trail your stop using the SMMA channel or the middle Bollinger Band.
  • You can also exit manually when the Bollinger Band on the CCI(first indicator window) begins to contract.

How to install CCI Divergence Forex Bollinger Band Strategy?


  • Download CCI Divergence Forex Bollinger Band Strategy.zip
  • Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
  • Copy tpl file (Template) to your Metatrader Directory / templates /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your forex strategy
  • Right click on your trading chart and hover on “Template”
  • Move right to select CCI Divergence Forex Bollinger Band Strategy
  • You will see CCI Divergence Forex Bollinger Band Strategy is available on your Chart

Click here below to download:

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