Any Bollinger Band Fans?

Actually it's only works with daily chart, if u r a scalper so i don't think it will work with u.
The accuracy 70-70% approximately. I use it sometimes to confirm my decision.

God luck,

I am trying to find a location for the interest rate expectations for the major currencies. I gather these rates are updated daily. Can anyone help? Thanks.

Hey 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

~Tim

yes i use the default sitting. And as u said use it for extra confirmations.

Thank you,

I like 21 exponential with fib numbers for the deviations.

; )

MTF is the bomb too...

I'm still in development as a trader, so with that in mind:

I quite like bollingers. If anything, the observation that when a market is trending, price will nearly always be outside the 1 deviation band holds true.

I wouldn't use it as a indicator to get in or out of a position, but i see it as a 100% requirement for any trade in a trending market that the price needs to be outside that 1 deviation band to proceed.

I read recently that the gap between that the 1 and 2 deviation band makes a good trading zone.. exploring that idea in current market time.

My opinion

My simple system is based on BB too, but the different is I use BB(10), and got MA14 as the filter, since not everytime price could come back to the other side of BB ( S or R ) .

would 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 .

Any idea where to download? I couldn't find any links on their website. Thanks!!

I 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.

i use the concept of the bands, if not the bands themselves.

i sometimes dont really plot them on the chart because i find that platforms continuously adjust the bands and the calculations are a bit off, so if i plot them out of laziness i do it really light to not distract me.

however, one needs to understand the concept behind the Bands (Bollinger actually is given too much credit as he did not come up with it)

it is a mathematical concept regarding outliers and statistical normal variations.
in a population or price as in the market, there is an expectation of variation, or normal distribution, usually (1)standard Deviation is expected to encompass 65% of price and (2) to encompass 95%.

so in effect the Average either by, mean, mode, or simple average is your fair market value which smooths all the normal movements or variations, and your standard deviations can be assumed to be the expected error, or expected range Σ variable can be distributed while still being mathematically within expectation.

so in effect it helps you trade price by signaling whether the current value is trading "expensive" or "cheap" in relation to the average value of the security for Ω amount of time ( or periods). granted current trajectory remains the same.

it helps you measure volatility by subtracting upper from lower bands comparing it with previous value. Also you can get a ball park volatility by dividing the difference from the upper and lower from the MA and turning it into a percentage.

hope this helps

Check out my thread. I'm not trading yet using the potential method but looks promising. I have been observing correlations between BBs and MACDs. When price pushes the outer bands you will almost always see a zero MACD cross. This is momentum! Seems like some opportunities exist to catch the ride.

"Trading using MACD and Bollinger Bands"

I don't use them for momentum, but i still swear by the 1 deviation bollingers.

Set the deviation value to 1, and have a look at how it interacts with the 1 min chart. Trends respect that 1 deviation bollinger incredibly well.. When the price is trending outside the 1 deviation bollinger, the 1 deviation bollinger acts as a great resistance also (on all the major pairs that i've looked at).

It works somewhat well on the 5 min charts also.. longer than that it breaks down a bit.

hi traders (sorry my english) ,

a new great idea why there still none came on it ????????
the system is super for all time units

a Bollinger Bands Indicator ( BBmq4), which is not applied to the course (Candle), but on a MA (e.g. Kama 10)

who can change and/or supplement the normal BB indicator(BBmq4)





Helle

short oz based on down trend + bearish engulfing candle.

short oz-cad on H4 where the candlesticks were moving into the lower zone , also based on downtrend on Daily, after doji + bearish candlestick.

watching closely as on Daily it is seen forming a 3rd bottom?

last post for the day...

short g-j on H1 where pb are seen + candlestick moving into lower zone + based downtrend, also on H4 and D, pb are seen.

welcome your comment.

BE set for oz and oz-cad
free trades

zzz

Yesterday trade on oz-cad was hit and BE.

Re-entry for a short based on H1 after doji then bearish candle - showing PA curving down.

On H4 a bearish engulfing candle is formed, showing the PA moving into the lower zone.

Watching closely on H1 the middle band... possible BE or else a strong downtrend in the near term.

Let's see how it works out.