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Bollinger Bands Strategy

  • #1
  • Quote
  • First Post: Sep 27, 2005 10:00pm Sep 27, 2005 10:00pm
Does anyone know of a good confirming indicator to use with bollinger bands if goal is to make 10 pips per trade?
  • #2
  • Quote
  • Sep 28, 2005 6:37am Sep 28, 2005 6:37am
Well, this depends on how are you using the Bollinger Bands. The fancy about the Bollinger Bands, and that's why I love them so much, is that you can trade trending strategies or swing strategies with them. You can even trade volatile markets using Bollinger Bands.

So if you are using them to trade trending periods, you should look for a moving average confirmation, an ADX or any other trend based indicator.

If you are them to trade swing periods, you should look for an RSI, Stochastics, %R, or whatever momentum indicator.

It's all based on your strategy and which indicators you like and understand more.

Thanks,

Nader
  • #3
  • Quote
  • Edited 1:22pm Sep 29, 2005 1:21pm | Edited 1:22pm
http://www.trading-naked.com/JoeRossGimmeeBarSetup.htm

This is a great Bols set up.
  • #4
  • Quote
  • Sep 29, 2005 3:04pm Sep 29, 2005 3:04pm
The Gimme is a great set up. You could also use divergence to confirm.

See attached file
Attached File(s)
File Type: pdf 14 Gimmees.pdf   39 KB | 4,182 downloads
  • #5
  • Quote
  • Sep 30, 2005 12:56am Sep 30, 2005 12:56am
Quoting hagadol
The Gimme is a great set up. You could also use divergence to confirm.

See attached file
What time frame are those charts. 1 hour, 4 hour etc?


Thanks


Fdisk
Fdisk Please I just want a few pips. Is that too much to ask?
  • #6
  • Quote
  • Sep 30, 2005 3:20am Sep 30, 2005 3:20am
You can trade it off any time frame. I have traded them of 1 5 and 30 min.
  • #7
  • Quote
  • Sep 30, 2005 8:48pm Sep 30, 2005 8:48pm
For anyone trading bollinger bands, what are usually the best pairs to trade
where the price frequently bounces off support and resistance?
  • #8
  • Quote
  • Oct 1, 2005 8:23am Oct 1, 2005 8:23am
Quoting mmills4x
For anyone trading bollinger bands, what are usually the best pairs to trade
where the price frequently bounces off support and resistance?
You can just trade any pair with the appropriate setup of the BB parameters. Some pairs will perform very poorly with 20,2 (The default setup), some pairs will do good. You will have to play around with the parameters to find the best for the pair without over-optimization.

Thanks,

Nader
  • #9
  • Quote
  • May 9, 2006 4:45pm May 9, 2006 4:45pm
Try using the BB squeeze system. There should be a thread floating around here somewhere.
  • #10
  • Quote
  • May 9, 2006 6:29pm May 9, 2006 6:29pm
I have a journal using the squeeze and CCI with BB (http://www.forexfactory.com/forexfor...ad.php?p=56627) ... it is not the holy grail, but with some practice, BB can be very helpful.
You can quit and they won't care, but you will always know.
  • #11
  • Quote
  • May 10, 2006 12:05pm May 10, 2006 12:05pm
I have had some success using BB's set to 1 std dev. and playing the break outside of the band. That setup seems to work well with trending pairs such as USD/JPY.
  • #12
  • Quote
  • May 10, 2006 4:23pm May 10, 2006 4:23pm
I think what the quality indicator it should be 10 pips target will make it the worst indicator
kiss the trend
  • #13
  • Quote
  • May 10, 2006 7:54pm May 10, 2006 7:54pm
Quoting fx-trader777
I think what the quality indicator it should be 10 pips target will make it the worst indicator
Do you mean 10 pips per trade doesnt make a good trading plan?
  • #14
  • Quote
  • May 11, 2006 2:58am May 11, 2006 2:58am
Quoting varunk666
Try using the BB squeeze system. There should be a thread floating around here somewhere.
I like the squeeze too! It is set up with the BBands and the Keltner channels on the chart. Next put up a momentum indicator. Your now set to catch a Squeeze. I especally like the Squeeze play because, after all I am MrWhipple.

Watch for when the KChannels go inside the BBands. When they come out again, make your play. Watch which way the momentum is going to decide to go long or short. But watch out for the dreded head fake! Price will often move in one direction and then quickly reverse and rocket in the other direction.

There are some great indicators out there already written for Trade Station, VT Trader, MT4, and a lot of others. I use Squeezometer for VT.

Good Luck this is a grovy play that can make you a lot of dough, but it can turn on you too. Squeeze moves can be BIG moves.
Nolite dormiens pungere ursum. -- Latan Proverb.
  • #15
  • Quote
  • May 11, 2006 3:09am May 11, 2006 3:09am
Quoting nutmg12
Do you mean 10 pips per trade doesnt make a good trading plan?
Yes,

take care
kiss the trend
  • #16
  • Quote
  • Edited 11:58am May 11, 2006 11:52am | Edited 11:58am
I had a couple of requests for the Squeezometer indicator for VT Trader. You can also get all kinds of VT indicators at http://www.cmsfx.com/en/platform/forum/ and http://www.visualtradingcharts.com/

If all else fails get ahold of Claude here at the FF He is a real WiZZard when it comes to building VT indicators.
Attached File(s)
File Type: zip squeeze.zip   1 KB | 1,292 downloads
Nolite dormiens pungere ursum. -- Latan Proverb.
  • #17
  • Quote
  • May 11, 2006 2:02pm May 11, 2006 2:02pm
Hello Mr Whipple,

As one of the couple I would like to thank you for the VT indicator links, very useful. Do you have any preferred time-frame/settings for the Squeezeometer? I'm experimenting with Akuma's settings of 12/6 on 1H charts at the moment, any advice gratefully accepted.

Thank's again.
TTFN Merlyn
  • #18
  • Quote
  • May 11, 2006 2:24pm May 11, 2006 2:24pm
1hr or 2hr work good. I like to keep an eye on lower timeframes too (on the other monitor) like 15 or 5min. to look for headfakes and whipswas.
Nolite dormiens pungere ursum. -- Latan Proverb.
  • #19
  • Quote
  • Jun 2, 2006 8:15am Jun 2, 2006 8:15am
Quoting MrWhipple
I had a couple of requests for the Squeezometer indicator for VT Trader. You can also get all kinds of VT indicators at http://www.cmsfx.com/en/platform/forum/ and http://www.visualtradingcharts.com/

If all else fails get ahold of Claude here at the FF He is a real WiZZard when it comes to building VT indicators.
is there any bbsqueeze for mt4?
thanks
  • #20
  • Quote
  • Jun 2, 2006 8:26am Jun 2, 2006 8:26am
everybody keeps asking theese MT4 questions. I guess I am going have to dust off my old copy and delve back into it. To tell the truth, I really don't know.
Nolite dormiens pungere ursum. -- Latan Proverb.
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