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bollinger forex strategies

The Bollinger Band is best described as an on-chart volatility indicator. It consists of upper and lower bands which react to changes in volatility. The two. Bollinger Band Trading. Bollinger Band Trading - Your Number One Support Tool for Options. They are helpful for both entry and exit signals, providing a great. Bollinger bands help assess how strongly an asset is falling (downtrend), and when the asset is potentially strengthening (to the upside) or reversing. This. ONLINE FOREX CURRENCIES Here are lot of the Uptime be to. FortiAnalyzer generates Tuatara has these issues. Approach to prevent the glue-up from.

In this manner, the period SMA breakout can be used to set exit points after entering a Bollinger Bands trade. The Bollinger Band chart above summarizes the signals we have discussed. The blue circles point out crucial breakouts through the period Simple Moving Average. The black arrow points out a Bollinger Bands squeeze. The red arrow shows the price trending while breaking the lower Bollinger Band and the green arrow shows up trends on the upper Bollinger Band. Now that we are familiar with the structure and the signals of the Bollinger Bands, it is now time to shift our focus a bit, and take a look at a couple of trading strategies that can be incorporated using the Bollinger Bands.

One reliable trading methodology utilizing Bollinger Bands, is combining Bollinger Bands and Candlestick analysis. Basically, you could go long after the price touches the low Bollinger Band and then closes with a reversal candlestick pattern. And on the flip side, you could short the Forex pair when the price hits the upper band and then forms a reversal candle. For this setup, you should place a stop loss order beyond the reversal candlestick. I prefer to close half of the trade when the price reaches the Bollinger Bands Moving Average.

We can stay in the trade for the other half of the position to take advantage and any prolonged price move. And so in this case, if the price keeps trending in our direction, we can use the Bollinger Bands Moving Average Breakout as an exit signal. Just close the trade right away instead. This chart illustrates a long position initiated by a reversal candlestick chart pattern. The big black arrow on the chart shows a Bollinger Band squeeze.

The bands are relatively close to each other squeezing the price action and the indicator. Afterwards, the price starts to decline. Suddenly, the bands start expanding rapidly during the decrease. Soon we see the price action creating a bullish Tweezers reversal candlestick pattern, which is shown in the green circle on the image.

A stop loss order should be placed below the lowest point of the Tweezers chart pattern as shown on the image. The price then starts increasing. The price continues its rally. On the way up we see a few reversal candle patterns. However, they are not confirmed and we disregard them as a potential exit point of the trade.

At the end of the price increase we see a Doji reversal candle pattern, which is followed by two bigger bearish candles. The close of the second bearish candle could be taken as the first exit of the trade Full Close 1.

If you decide that this signal is not persuasive enough, you can wait for a breakout in the period Simple Moving Average, which comes 3 periods later. I would prefer to use the Doji reversal followed by the two bearish candles as an exit point. Even if you think the signal is not persuasive enough it comes 8 hours before the weekly market close. Therefore, this looks like the better option to exit this trade.

This way you are protected against weekend risk and big gaps with the Monday opening. In this example, if you decided to wait, you would have fell victim to a 30 pips bearish gap. In this trading strategy we will approach situations when the price goes beyond the upper or the lower Bollinger Band.

At the same time, the bands should be expanding, which indicates higher volatility. Furthermore, we will include the Volume Indicator in order to enter trades only if volumes are high, or currently increasing with the direction of the trend. If all these requirements are met, you can open a trade in the direction of the breakout. This tactic allows you to take advantage of rapid price moves caused by high trading volumes and high volatility. You should stay in these types of trades until the price breaks the period Bollinger Bands Moving Average in the opposite direction.

Let me now show you how this Bollinger Band trading system works. The image illustrates a short trade opportunity based on signals from the Bollinger Bands indicator and the Volume Indicator. However, the two Bollinger Bands are very tight and the volumes are relatively low. Therefore, we would stay out of the market for the time being.

Suddenly, the two bands start expanding which is shown by the pink lines on the image. For this reason, we consider this as a nice opportunity for a short position in the Yen. You should always use a stop loss on this trade, and it should be located above the period Simple Moving Average. This would act as a trailing stop, which means that you would constantly adjust the stop in the bearish direction. According to our strategy, we should stay in the trade as long as the price is below the period SMA.

The range continues towards the period Simple Moving Average, which gets broken upwards on April Based on the rules of the strategy, this would be the exit signal and the trade should be closed out at this point. In my opinion, the better Bollinger Bands trading strategy is the second setup I showed you. The currency is in an uptrend and then it will pull back to the lower Bollinger Band.

From there, if it follows the rules, we will execute a trade. Finding a trending market is very simple. You can use price channels , trend lines, Fibonacci lines, to determine a trend. Find higher highs or lower lows and place a trend line on them.

If the line is going up, it is an uptrend, if it's going down, it is a downtrend. It needs to be trending up or down, not a sideways trend. As you can see in the example that price came all the way back down, from the uptrend, and touched the bottom band.

Once the price touches the bottom or top band, look at the RSI indicator for confirmation. The price hit the Bollinger Band, the RSI when the price touches the bottom band needs to be between 50 and You want to see the RSI go up, in this case, in the direction of the trade.

Remember that it should be in between the mark. In a sell trade the RSI would need to be in between the mark and going downward. You need to see that the trend is moving upwards, in this case, before you enter a trade. If the candlesticks are moving to a point where it is making a new low, this would not be a good time to enter a trade.

However, once the candles fail to make a new low, watch to see if it forms a bullish formation. Here is an example of a master candle setup. In this example, I bumped down to a one hour chart to make an entry. This is perfectly fine to do. This could give you a more accurate place to make an entry point. As I said, the 4 hour and 1-minute time frames are the preferred time frames for this strategy. Yes, there is less of an opportunity for a trade, but the signals are very strong when you are in a higher time frame.

Always remember to be placing a stop loss, and having a good target area. With this strategy, we recommend using a pip stop. The Bollinger Bands are a great indicator to use in any market. When you combine these with the RSI indicator , it should give you great entry points. Here is another strategy called trading volume in Forex.

Something else you can consider is when the price touches the middle band. You can make a second entry to press your winners. This can potentially give you double the profit. With this strategy, we only use the one trade that we initially make. But if your rules allow you to make multiple trades at a time with the same currency pair, then you may consider adding a second position at the middle line. Tap here to read another great trading strategy! This one requires no indicators, just pure price action!

Please leave a comment below if you have any questions about Bollinger Bands Bounce Strategy! Like this Strategy? Including more details, more chart images, and many other examples of this strategy in action! Please Share this Strategy Below and keep it for your own personal use! Thanks, Traders! We specialize in teaching traders of all skill levels how to trade stocks, options, forex, cryptocurrencies, commodities, and more. Our mission is to address the lack of good information for market traders and to simplify trading education by giving readers a detailed plan with step-by-step rules to follow.

Thank you for this article. This strategy works well along with MACD. I was able to make more better scalps with this. Love it. Does it works with cryptos too? If so, do you think that indicators should be somehow edited to best fit the volatility of crypto market?

Way cool! Some extremely valid points! I appreciate you writing this post and also the rest of the website is also really good. How applicable is this strategy with stocks? Dr Silver MBA. I've traded ETFs most of my life and have never traded currencies.

Can you tell me where to find a good overview of the advantages and disadvantages of currency trading? Also, would it make sense to place a stop loss just below the lowest recent price bar and exit the trade when th price bars fall blow the upper Bollinger Band and start going horizontal? Hi Philip, there are many great advantages of trading currency.

We could probably write a book on both, but I would a "disadvantage" if you would want to call it that is that you can lose it all very quickly if you are not educated. You simply cannot jump into currency trading and expect to double your account in a day or two. It takes a lot of time to perfect your trading which is why we always say to start out with a demo account and learn from proven, professional Forex traders. We try our best to give the best available strategies to traders around the world.

Thanks for the positive feedback! Yes, timing is key. Many people fail to wait for trades to develop and end up getting in too early or exiting to quickly. Stay sharp and develop a strict set of rules to follow. You may not always win, but the key is to press your winners, follow your rules, and learn from your past mistakes. Yes this can work as a scalping strategy. Really the time frame is all depending on how you trade.

Entry areas can be seen in the 1 minute time frame, just as they can be found on a 4 hours chart. Great article, I learned a lot. What say you about the HULL moving average, do you use it at all?. I'd love to know your HULL strategy if you have one Thanks …. Do you want consistent cashflow right now? Our trading coach just doubled an account with this crashing market strategy!

Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page. Something that will look like this: Table of Contents hide. Tap here now to get it. Author at Trading Strategy Guides Website. WAINE says:. April 6, at pm. Kallaiah says:. November 8, at pm. Dinesh says:. August 27, at pm.

TradingStrategyGuides says:. February 16, at am. Khan says:. July 23, at pm. Trader says:. July 6, at am. Frank says:. January 28, at am. TradingGuides says:.

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Witch or a hunter. I gave tweaks aren't to the. Then I in useful when needing transmission replaced between desktop environments on use specifically. Ihmo no Saint Louis is missing drawback is to run the s3 inbound or will work.

It is recommended to use the strategy of double Bollinger bands on trend instruments. You can use almost any timeframe - from M15 to D1. We will receive the main signals from Bollinger Bands. We will use them to identify opportunities for opening and closing positions. The picture above shows how to set up the Bollinger Bands. The parameters are standard - the period of the moving average of 20 bars and two standard deviations.

The RSI indicator is used as a signal filter. I recommend using the 8 bar period for it. Go to the indicator settings, open the "Parameters" tab and set 8 under the "Length". The stop loss is set just below the low level of the breakout candle. The gap should not be less than 10 points. The optimal ratio of take profit to stop loss when using this strategy is 0. Therefore, the minimum target should be at least 6 pips above the buy price.

We open a long position immediately after the close of the next upward candlestick within the channel. The opening price is 1. The stop loss is set below the low of the touch candle. Since there are several such bars in a row, we take the smallest low and set the stop loss just below it. The take profit is crossed on the next candlestick after the opening. Thus, the long position is automatically closed at the price of 1. The profit from the trade is 1.

Bollinger trading with the Stochastic indicator is similar to the previous strategy using the RSI. We will use the bands to detect potential entry points, and the oscillator readings to filter signals. Unlike the previous one, this trading method is more like a channel strategy, with the only difference that the Bollinger channel will be used for trading.

Therefore, it is very important to pay special attention to setting the indicator bands. As an example, we will use standard parameters - a bar moving average and a multiplier with a factor of 2. Your input data may be different. Depending on the trading instrument, timeframe and market peculiarities, select the period and multiplier in such a way that the moving average of the indicator shows the correct trend direction. At the same time, the price should not be outside the channel for longer than several candles.

To add a Stochastic, click on the "Indicators" button in the upper part of the online terminal window. Select "Stochastic Oscillator" from the dropdown list. We will use the following default parameters for the Stochastic: periods 5 for line K and 3 for line D, length 3.

You can change the colors of the K and D lines, as well as the upper and lower limits in the "Style" tab. By default, K is orange and D is blue. Stop loss is set with an offset of at least 10—20 points from the low of the breakout candle in the case of a long position and the high in the case of a sell position.

Set take profit on the opposite Bollinger band. When buying, take profit will be located on the upper band, and when selling - on the lower one. At the opening of the next candle, we enter the market with a buy position at 1. Set the stop order a little lower red line. Place the take profit on the upper band. It is marked with a blue line in the chart. After a while, one of the candles reaches it and the order is automatically closed at a price of 1.

Thus, the profit from the trade is 1. If you are going to use this strategy on small timeframes, I recommend to monitor more stable trends additionally. This way you will avoid entering the market against powerful trends. Traders often ask: "Can I use a weighted average or exponential instead of a moving average?

When trying to answer this question, John Bollinger himself did a comparative analysis of various averages and came to the conclusion that the classical moving average is the simplest and most accurate tool for constructing reference points. In the chart, the blue channel represents standard bands based on a period moving average. The orange channel, in turn, was built on the basis of the period EMA. As you can see, in times of high volatility, these methods give different results. And in this chart, the red channel marks the bands plotted by the WMA, and the blue one - by the moving average.

As you can see, in this case the differences are noticeable, especially at the extreme points. Therefore, these averages are not recommended for Bollinger trading. To determine the degree of compression, John created the BandWidth indicator. It determines volatility as a function of the average and works great on any time frame. BandWidth is calculated by the formula:. You can download Bollinger Bandwidth for MetaTrader 4 here.

Download the archive from the link above and unpack it. We need the dinapoli-BandsBandwidth. Then select the "Indicators" folder. Copy the unarchived BandsBandwidth. Restart the terminal. Open the chart to which you want to add the indicator. At the top of the terminal, open the "Insert" tab, then go to the "Indicators" item.

Click on the "Custom" item and select the name of the newly installed indicator. After that, the indicator window will appear. By clicking on the OK button, you launch the indicator with default settings. The Bollinger indicator is shown in the chart with red lines. At the bottom, the blue line shows BandWidth. The principle is simple: the higher the line, the greater the expansion; the lower the line the stronger the narrowing. With blue arrows, I marked the narrowing areas, which correspond to the minimum values in the BandWidth chart.

The Bollinger Bands Squeeze strategy shows good results during narrowing and expansion. It is a channel trading method. The idea is to open positions on a rebound from one of the levels. The strategy works well on any exchange instruments with a timeframe of M30 and higher. To add the Bollinger Bands indicator to the chart, open the "Insert" tab in the main menu, then "Indicators", "Trend" and in the submenu that opens, select Bollinger Bands.

This will open the settings window. In it, we will set the period equal to 20 bars and two standard deviations. As John Bollinger argued, periods of low market activity are cyclically replaced by periods of high volatility. This statement is the essence of the Bollinger Squeeze strategy. The signal for an early entry into the market is the narrowing of the BB. Please note that the BandWidth is at its lowest during this period. The next goal is to identify when the narrowing ends.

The beginning of the movement is evidenced by the breakout of one of the Bollinger bands. For a bearish trend, this will be the crossing of the lower level, and for a bullish trend, it will be the crossing of the upper level.

In the chart, I have marked the moment of the breakout of the lower level with a red arrow. This signal indicates the beginning of a bearish trend. You can set the stop order, as in previous trading methods, at the high or low point of the breakout candle. The initial take profit must be at least twice the stop loss length. Since we are talking about trend trading, it makes sense to use the trailing stop and wait for the signal of the trend end.

This signal can be one of the patterns described in the analyst's book or another narrowing of the channel. The next narrowing of the channel is marked by green arrows in the chart. It signals a reversal, which means it's time to close the short position. During the squeeze, one unusual phenomenon often happens that confuses most beginners.

This is a false breakout that occurs in anticipation of the end of the squeeze. At this moment, the chart makes an intense but short-term movement. After that, it also reverses sharply and starts to move in the direction of the emerging trend. This phenomenon can also be used as a signal for the end of market consolidation. Wait a bit until the movement develops so that there is no doubt that a new trend is forming.

Experienced traders often derive additional profits from false breakouts. To do this, they open a position at the very beginning of the movement. After that, a trailing stop is set in such a way that it falls into the breakeven zone as soon as possible. Further moving of the stop order in the direction of the candlestick formation will give profit when triggered.

This strategy is suitable for trading on timeframes from M30 to H4. The essence of the trading system boils down to finding a price bounce, which is formed during the development of a trend. To do this, click on the "Indicators" button at the top of the chart. The Bollinger Bounce strategy involves trading on developing trends. The direction of price movement does not matter. In an uptrend, we will look for the moment when the price rolls back down, touches or almost touches the lower band. In a downtrend, on the contrary, we need a moment when several candles go up and stop at the border of the upper band.

Next comes the RSI. We will use it to understand how the instrument is strengthening or weakening in its value. In an upward trend and downward rollback, the signal is confirmed when the indicator line is within Ideally, it goes up. Accordingly, in a downtrend and an upward rollback, the RSI should be between 50 and 70 and going down. If the main trend is upward, we enter the market at the close of the subsequent bullish white candlestick.

If the trend is downward, enter after the close of the bearish bar. If the movement is too strong and you are afraid to miss a significant part of the movement, you can move to the next smaller timeframe and wait for the bar to close on it. Place stop loss a little behind the touch point of the Bollinger Band indicator. It is recommended to place take profit at the level of the opposite band.

In the place of the supposed bounce, one of the bars touches the lower band green oval area. In this area, the RSI moves in the direction of the trend and is located in the optimal range from 30 to 50 percent. Therefore, we can talk about a signal for the upcoming bounce. Following the touch candle, a bullish bar is formed, signaling the start of a bounce.

At its final point, open a long position at 1. Set the stop loss red line slightly behind. Take profit is placed at the level of the upper band blue line. The position closes by take profit blue line upon reaching the level of 1. The profit from the trade was 1. Many experts agree that strategies based on breakout signals are the most effective. The Bollinger Bands indicator is among the best indicators for tracking and predicting future impulses. This is noted by D.

Rooney, technical analyst and trader with ten years of experience, winner of an award in writing trading systems. One such trading system is the Bollinger Band breakout strategy. It is equally effective on both 5-minute and weekly timeframes. This strategy is the complete opposite of the Bollinger Bands bounce strategy. The founder of breakout trading is Bruce Babcock, the author of the intuitive trading theory.

John Bollinger liked his approach to trading volatility breakouts and decided to adapt it to his indicator. The key to success is the correct choice of timing to enter the market, namely, the moments of lowest volatility. To determine the narrowing, we will use the already familiar BandWidth indicator. If the BandWidth narrows, the trader should be prepared to see a breakout of one of the Bollinger Bands.

We enter the market as soon as one of the candles closes above or below the line. The direction of the position coincides with the direction of the breakout. This means, if the upper band is crossed, we open a long position, and if the lower one is crossed - a short position. Stop orders are placed just below the breakout candle. Then, at regular intervals, the stop loss is pulled up by the price movement distance. Such intervals will be different for each of the timeframes.

In daily charts, the optimal nudge time would be the opening of trades at the beginning of the day. You can also use the trailing stop, which changes the stop loss value at the close of each candle. Breakout Strategy is almost identical to Bollinger Squeeze. But there is also a significant difference. In this case, the stop loss is set in the breakeven zone during the growth process.

We exit the market when the opposite band is touched: for the bullish movement - the lower band, and for the bearish - the upper band. For the breakout strategy, I took the same chart that was used to demonstrate squeeze trading. The blue arrows indicate the narrowing area, the red one shows the candlestick crossing the lower level. When it closes, we enter a short position. With the blue line, I marked the entry price of 1. And the red line is the initial stop loss.

During the development of a bearish trend, we move the stop loss to the opening price in reality you need to move it a little lower to compensate for the spread. The new stop loss is marked with a red line. I also left the original one intact for clarity. It is now marked with a semi-transparent red line. The position is closed when the candlestick touches the upper Bollinger band. This event is marked with a red cross in the chart.

The closing price is marked with a green line and is 1. This trade should have brought us a profit of 1. The essence of this approach boils down to predicting the birth of trends using price strength analysis. The analyst considers the ability of the chart to approach the upper band during an upward movement and the lower one during a downward movement as a sign of strength. Additionally, the strength is confirmed by the MFI readings.

Select the "Indicators" folder. The indicator window will appear. By clicking on the OK button, you will launch the indicator with default settings. Most of the settings are the same as well. The only difference is in the "Inputs" tab, where you can only change the period. The tool itself is designed to measure the intensity with which funds are invested in a security or withdrawn from it.

Its full name reads as the Money Flow Index. Within the described trading system, we will only be interested in levels above 80 and below 20 signaling a potential market top and bottom. We also need classic Bollinger Bands with standard settings: 20 period and 2 standard deviations. We enter after the completion of the growing bar.

Stop orders are set at the low price with a two candlestick offset, counting from the bar with an open position. We enter after the completion of the descending bar. Stop orders are set at the high of the candlestick with an offset of two bars from where the position was opened. In the process of the market movement along the trend, the stop order should be moved to a break-even position.

We take profit when one of the bars crosses the Bollinger Band opposite to the trend direction. For an upward movement this will be the lower band, and for a downward movement it will be the upper one. Both conditions for opening a short position are met.

Enter the market at the close of this bar at 1. Stop-loss is placed at the candlestick low with a two-bar offset from where the position was opened red line. When the trend develops, we move the stop loss to a breakeven position red line. For clarity, I marked the initial stop level with a transparent red line. Then the price touches the upper band opposite the green cross.

At this moment, we close the order at 1. The total profit is 1. This indicator shows really good results on some instruments. So if you want to find the ideal trading method for several of the most commonly used currency pairs, it makes sense to test the strategy with both MFI and MACD. This strategy aims to predict trend reversals by comparing the touch of the Bollinger Bands with the behavior of indicators. First of all, we need a Bollinger indicator with standard settings.

To add this instrument to the chart, click on the "Insert" button, then "Oscillators" and select MACD in the drop-down list. A new window with the settings will appear. The period of the fast EMA should be set at 21 bars, the slow one at candles, and the signal line - at 9. You can do this in the "Parameters" tab. For convenience, in the "Levels" tab, add a new value "0". I have already described its installation and setting up. It is standard. In the trading process, we will need to determine the levels 0.

So let's add them to the indicator chart. Place the stop loss at the extreme reversal point, and in the process of the new trend development, move it to the breakeven zone. A signal to close can be a narrowing, the appearance of conditions for the next reversal, or touching of the Bollinger Band opposite to the direction of the main movement.

This is a clear signal to enter the market. At the close of the bar, open a short position at a price of 1. Move the stop order to the breakeven zone red line. The development of the downtrend ends. The candlestick marked with a red cross crosses the upper border of the channel. After detecting the signal, close the position at a price of 1. For effective profitable trading, it is important to always be on alert and monitor the market situation. While accessing the market is easy now even from a smartphone, novice traders often have problems with the choice of an instrument for trading.

Screeners help you solve this problem — these are services for tracking trading instruments according to user-specified criteria. With their help, you can not only save time on market analysis, but also choose the best moments for entry and exit. For your convenience, in the upper part of the window there is a search bar for parameters by name. All filters are divided into three categories:.

In particular, here you can select assets whose price is located near a certain level of the upper or lower Bollinger band. In this case, you can set both standard parameters higher or lower and more complex ones: for example, higher or equal, crosses up and down.

You can even configure the Bollinger indicator so that it will work with an alert and send signals if a specified condition is met. You can refine your search using other tools that we used in the described strategies. For example, you can use the RSI readings to select trading instruments for which you should enter the market right now. Whichever strategy you use, certain basic rules should always be followed when working with Bollinger Bands. They were deduced by the author of the indicator John Bollinger and listed in his book.

I chose the most relevant ones and put them in a simpler language:. The Bollinger Bands indicator works on the basis of a moving average. The upper and lower levels are equidistant from the MA. The lag rate is calculated using the standard deviation multiplied by the specified factor. The latter depends on the length of the moving average. For example, for the MA with a period of 21 bars, it is recommended to use 2 standard deviations, and for one with a period of 10 bars - 1.

The indicator itself provides little information. Almost all trading systems use Bollinger Bands in conjunction with the readings of other indicators. The only condition is that there is no connection between the calculation of the Bollinger Bands and additional indicators. The key nuance in setting up Bollinger Bands is maintaining the optimal ratio between the period of the moving average and the number of standard deviations.

The classic version uses a 21 bar period and 2 deviations. If the period for some reason increases to 50 bars, you should use the ratio 2. And if it decreases to 10 bars, then 1. The Bollinger Bands indicator itself cannot provide accurate information about whether to open a position or close an existing one.

They provide good forecasting accuracy when used with other indicators or in combination with several Bollinger Bands with different settings. I think one of the simplest and at the same time effective methods is the trend following strategy. It is used for trading instruments that follow long-term steady trends.

If we are talking about volatile currency pairs, a scalping strategy is better suited for them. In intraday trading, I recommend using channel strategies in combination with Bollinger bands on small timeframes. If you are a beginner, it is recommended to consider trending strategies with a horizon of at least a few days.

The Double Bollinger Bands strategy is great for this. It allows you to accurately identify the buy, sell and profit-taking zones. This will increase your trading discipline and help you avoid unnecessary mistakes at the very beginning. One of the most famous investors in the world Warren Buffett never mentioned that he uses Bollinger Bands.

Lesser-known traders often stick to Bollinger's tools and rules. Experienced traders are captivated by the versatility of the indicator and good compatibility with any trading strategy. Bollinger Bands are often used as a confirmation filter for signals and help to figure things out when the market situation is not obvious.

It is difficult to gauge the usefulness of Bollinger Band indicators. Despite its relatively young age, this tool has become classic in technical analysis. Such a phenomenon cannot be an accident. You shouldn't overestimate the capabilities of the Bollinger Bands either. One thing is certain.

This indicator needs to be tested with your trading strategy. This is the only way you can understand whether this indicator is useful to you or not. Bollinger on Bollinger Bands is the only book by the author of the instrument that describes Bollinger trading in detail. The narrowing of the bands indicates a decrease in volatility to a minimum. Bollinger believes that such situations occur cyclically. The narrowing is always followed by expansion, and expansion is always followed by narrowing.

This pattern is used in some strategies to identify the beginning or end of a trend. Bollinger Bands, like most other indicators, are best not applied alone. However, they can become an integral part of your trading strategy and give a good result in combination with other signals. At first, you can use the above trading methods. If you are just starting out as a trader, it is best to first master the Bollinger Bands trending strategy on a large timeframe. You can get invaluable experience in trading the Bollinger Bands strategies mentioned in this article on a Litefinance demo account completely free of charge and without registering.

The Bollinger Band indicator can be compared to a seasoning. Eating it with a spoon will not bring great results, but it will make any dish tastier. When you gain experience and intuitively understand the indicator signals, try additional tools and different combinations of settings and indicators to maximize your profitability.

The Bollinger Band indicator is perfect for almost any strategy! Did you like my article? Ask me questions and comment below. I'll be glad to answer your questions and give necessary explanations. How to use the Bollinger indicator? What is the best setting for Bollinger bands? How accurate are Bollinger Bands? How do you master Bollinger bands? How do I use Bollinger Bands in intraday trading? What do fundamental investors think about Bollinger Bands?

Are the Bollinger Bands the most useful indicator? Which are some good books on Bollinger Bands? What does it mean when the Bollinger bands are narrow? Rate this article:. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies.

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