How Trade Low Risk Forex Trading Strategy With Bollinger Bands And RSI Indicator Strategy
Now that we've covered both the Bollinger Band and the RSI, it's time to combine them and see why this dual strategy is commonly used by traders and investors.
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At Bollinger Bands, we mentioned that prices are always within the upper and lower bands. The reason for this is that 95% of the data in the normal distribution falls under the 2 to standard deviations. In the Bollinger Band case, we are using a 20-period moving average and a 20-period standard deviation.

The traditional way to use Bollinger is to trade for the opposite. If the price hits the upper or lower bands, it is likely to fluctuate because prices have already reached the extreme end. You can see from the diagram below that the gold price bounce between the upper and lower bands. Really, things aren't that easy in real life if not everyone is able to make money. But for now, continue this simplified version of how Bollinger Bands are used.


At RSI, we said that it is an oscillator that runs between 0 and 100. Anything over 70 is considered an overboat and anything under 30 is considered an overload. Similarly, RSI can be used as an indicator to reverse. For example, this is how it works.


Remember that the heading indicator provides an early warning signal before turning a trend. You can see that when the RSI hits the overbought region, the trend starts to reverse and slope down after a few days. In contrast, when the RSI collides with the oversold region, the trend starts to reverse and drift upward after a few days. Again, things aren't that easy in real life, or everyone will be rich. But for now, we just use the simplest of how the RSI works.
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