Bollinger Band scalping Trading System

Quoting tzamo

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Hi, Thx for sharing your strategy. Nice to see you are making the use of the 68-95-99.7 rule and the 0.3% area for the yellow bands. Have you done the backtest for your strategy? Like what is the average probability of a successful trade when the price crosses the red band? You will find that price likes to surf the BB and then just consolidate a lot into the 68% area which you don't use. Could you provide some insight into which symbols/ timeframes you had most success with? Kind Regards, Tzamo

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Quoting Profess

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Indicators: 1) Bollinger Band (50) deviation 2 color red; 2) Bollinger Band (50) deviation 3 color orange; 3)Bollinger Band (50) deviation 4 color yellow. Short Entry position:When price crosses the upper red b at least half way to the orange b (if it gets to the yellow b is better but not as usual) Then the price will tend to retrace towards the center of the bollinger bs you profit form this retracing. Long Entry position:it is the same as selling, the difference is that we will wait for the price to range between the lower red and yellow bands,...

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Quoting Profess

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Similar there are a lot of similar system in internet ! Its use with free mt4 indicators anyone can can and use and edit how they want !

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Quoting mades

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How about thinking outside of the box and use outer bands not as signal to close but open trades ? (price goes above/below) BB is a wonderful thing because it shows you not only if you should buy or sell but also when to stay out. Just play with settings and try to find an advanced BB (there are some) which has either different MA types or smoothing option as the classic SMA calculation is now really of just limited use.

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Quoting Profess

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Indicators: 1) Bollinger Band (50) deviation 2 color red; 2) Bollinger Band (50) deviation 3 color orange; 3)Bollinger Band (50) deviation 4 color yellow. Short Entry position:When price crosses the upper red b at least half way to the orange b (if it gets to the yellow b is better but not as usual) Then the price will tend to retrace towards the center of the bollinger bs you profit form this retracing. Long Entry position:it is the same as selling, the difference is that we will wait for the price to range between the lower red and yellow bands,...

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Quoting Marc82Much

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{quote} Any particular pairs that you feel are best to trade? Any particular trading time you feel are best to trade?

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