BRC Cripto Strategy

BRC Cripto strategy is a Momentum price action strategy.

Characteristics of the BRC strategy

Type of strategy - cryptocurrency trading, Forex Major and Minor (very good on Ripple).

Trading time - 24 hours a day Time interval – Cryptocurrency H4. Forex 30 min or higher.

Swing Trading.

Platform Metatrader 4

Description of the BRC strategy

The BRC strategy is a combination of three indicators,

Bollinger Bands - Volatility Indicator Bollinger Bands;

Relative force index - relative strength index (momentum);

The composite index is an index of the composite moment designed to solve problems with RSI divergence errors, the programmer of this indicator for metatrader 4 is Mladen.

Trading rules for the BRC strategy

The price should be near support / resistance level;

The price should be exchanged at maximum Bollinger bands - in the upper or lower band;

The RSI and Composite Index indicators should have the same peaks or lows. A further sign to enter the transaction is the presence of divergences in these indicators.

A deal should be opened when the composite index crosses one of the moving averages (the red curve crosses the green or yellow curve).

Sell example

Example of a sales transaction within the BRC strategy

Consider an example of a 4-hour AUD / USD sales transaction:

Arrow 1 indicates a strong level of resistance from which the price has been reversed;

Arrow 2 shows that the price is moving along the upper Bollinger bands;

Arrows 3 show similar peaks of the RSI and the composite index;

The arrow 4 indicates the intersection of the curve of the composite index of the moving averages from top to bottom, which is a signal to open a sales order on the next candle.

Buy example

Consider an example of a purchase transaction of AUD / USD time frame 4H:

Arrow 1 indicates the level of support from which the price has bounced;

Arrow 2 indicates that the candles are exchanged on the lower Bollinger band. Note also that the candle pointed by the arrow is bounced from the lower band;

Arrows 3 show that the RSI and Composite Index indicators have the same structure, their troughs look very similar. Note also that the RSI troughs create a lower minimum, while the composite index troughs create a higher minimum - this is a bullish divergence;

The arrow 4 indicates the intersection of the curve of the composite indicator of the moving averages index from the bottom up, which gives us the right to open a purchase transaction at the opening of the next candle.

Download BRC Cripto Strategy indicators and template.