The accuracy 70-70% approximately. I use it sometimes to confirm my decision.
God luck,
Bollinger Band Day Trading System 8 replies
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Dislikedit's only works with daily chart, I use it sometimes to confirm my decision.Ignored
DislikedHey that's a really good point! I admit when I tried this strategy it was on smaller TF......... Thanks man, I will try this on the daily chart, and just use if for extra confirmations!!
Do you use 20period 1deviation bands (default)? Have you tried this strategy on different bb settings?
thanks
~TimIgnored
Dislikedwould you believe me that the commercial EA Million Dollar pips is based on BB on a M! chart. =)
You can see the settings when they did their backtest on the MYFXBOOK
You can even get their free indicator for manual trading .Ignored
DislikedI see this thread has been resurrected several times over the past 3 yrs! Would like to hear from other traders who use BBs as a gauge for momentum. I trade 1M chart with BB on 15 period and use close of candle outside bands as sign of continuation of trend.Ignored
DislikedI see this thread has been resurrected several times over the past 3 yrs! Would like to hear from other traders who use BBs as a gauge for momentum. I trade 1M chart with BB on 15 period and use close of candle outside bands as sign of continuation of trend.Ignored