I second that.
Should be required reading as it's stood the test of time and who better to learn from?
Should be required reading as it's stood the test of time and who better to learn from?
Bollinger Band Day Trading System 8 replies
ema bollinger band alerts 1 reply
Bollinger band difference indicator... 2 replies
Bollinger band settings? 1 reply
Bollinger Band Width for Metatrader 4 replies
DislikedJust want to bring this thread back to the surface
by saying that I've just read Bollinger On Bollinger Bands
and thought it was just great.
Definitely worth reading!Ignored
DislikedCan't quite make out your PSAR and Boll. Band settings; mind sharing? p.
Edit: I should have asked too, what TF do you favor?Ignored
DislikedThank you for the prompt reply but for this MT4 noob you opened up a whole 'nother bunch of questions.
When you get the time would you explain or post the setup for range bars? The other parameters I think I can get from the Navigator list unless you have tweaked default settings.
I appreciate you input. I have looked at Booker's "Booker Bands" but the full pkg is too much for the wallet. Boll. Bands would seem to be a reasonable alternative and your customization seems even better. Thanks again, p.Ignored
Disliked4 hour chart
standard BB settings
wait for candle to close outside band - enter when candle closes back inside BB.
SL out side of the bands
Target middle band (20 MA)
Used this system effectively for a while when i first started trading and it was good because everything, entry, target, and stop loss are very black and white. Pretty hard to make a mistake unless you get impatient and close the trade too early.
Enjoy.Ignored
DislikedHi Billser,
The stoch setting is 15,3,2 But I changed the signal line color to "none" which just gives one line. I then changed the line to a dotted line. The Rsi is default 14.
Both are custom color/alert indicators.
I will attach the indicators and my template.Ignored
DislikedThere's a good article on how to combine Bollinger bands and candle types here.
[EDIT] I just noticed that the owner of this site runs signaling and coaching services. I have never subscribed to these services, and hence I offer no comment or recommendation. I am not affiliated to this site in any way. Just thought that their article on Bollinger bands was worthy of noteIgnored
DislikedAnybody knows how to get bollinger bands based on a 20 period smoothed moving average on the mt4with standard deviations? Anybody know what type of moving average the default setting is on the mt4 standard bollinger band indicator? Is it on a exponential?Ignored
DislikedIMO, Bollinger Bands work best in ranging markets and breakouts from the range when the bands squeeze. Not so good once the market is trending.Ignored
DislikedThere's a good article on how to combine Bollinger bands and candle types here.
[EDIT] I just noticed that the owner of this site runs signaling and coaching services. I have never subscribed to these services, and hence I offer no comment or recommendation. I am not affiliated to this site in any way. Just thought that their article on Bollinger bands was worthy of noteIgnored
DislikedI just tested for you.
The default BB comes with 20 SMA (Simple).
I am also looking for setting 20 EMA?Ignored