Bollinger + RSI

Overview

This strategy, as its name describes, it combines the Bollinger band + RSI. It will capture strong pullbacks that break the lower Bollinger band and the RSI is oversold. As simple as that? Not really.

The Bollinger band has a very specific standard deviation level that differs from its default value 2. This new value will break the lower band earlier when the price suddenly decreases and will enter into the oversold zone of the RSI. The strategy will not buy inmediately after it reaches crosses this zone, but will wait until the price recovers positive momentum. Then, increasing the odds of having a positive trade.

Trading frequancy:
As any other strategy, it depends on the market volatility. Normally, the trading frequency is rather medium-low.

Market conditions:
It trades on bullish and bearish market conditions. However, during sideways markets, it won't trade very frequently.

If you have any questions about this strategy or any other of our marketplace products you can reach out to us by sending an email to marketplace@cryptohopper.com