Private Messages Chat Ideas Published Followers Following Priority Support. Maximize double Profits with Bollinger Bands. Bollinger Band Strategy is One of the Most Profitable Strategy Used by the Trades who earn lots of Money!!! You can't just use Bollinger Bands to Trade and Earn Money as you need to confirm the Break Out Signal that you get after a Bollinger Band Squeeze. Here are some tips bands to confirm that: Always looks for Bollinger Band Squeezes as you will find Price Break Outs most of the times 2. Use RSI to confirm the Price Break Out 3. Binary for Bollinger Band Width to see whether its Rising as well 5. When there's a Major Price Break out it will go on for 1 -3hrs so you can take multiple entry points to Maximize your double 6. I would also recommend to check the investing. There will be fake break outs where the price go the otherway 9. You can have stop losses and enter the Trades on the otherway if there's a fake breakout Few other Tips to Binary the above: Use double MACD to reconfirm the Trend Direction Thanks for binary Idea from HamzaLeith 2. For Bullish reversal's and continuations opposite is true for bearish options or continuations 1. Price approaches the Buy Zone and the upper and lower bands remain binary. Reversal - Likely a sharp reversal to the lower band. Because both bands are flat this will likely be short lived. Price approaches the Buy Zone and the upper band goes up and the lower band is flat or moving up slightly. Continuation - Price will likely continue up slowly for a time. Price approaches the Buy Zone and the upper band goes up and double lower band goes down. Continuation - Price bollinger likely move up fast and furious. This is the best continuation pattern for the bands. This is a rapid expansion of volatility. You will experience "fake out's" sometimes but most of the time this set-up will produce some good profits when executed properly. Price approaches the Buy Zone and the upper and lower bands both go double. Thank you for the effort, really seems like a good strategy, I think that it can be used in combination with other strategies for extra confirmation as well. Yes you need a combination of other indicators options well and that's why i quickly check investing. I would like to improve this strategy so if you see anything that you think that help to improve this, please comment. You could add 2 MACD's for extra confirmation of momentum. A 12,26,9 and bands, I think the direction of the MACD's combined with your strategy should definately give you extra confirmation at these binary area's. Let me know how it goes. Sure, I will start testing it, could you please ad a snapshot of the graph above with these MACD's I told you about, to see how that looks like. You can send it to me in a PM if bands don't like to post it here: I think you are missing out some facts. On this chart you present only perfect entries and exits, but you do bollinger present bands whispsaws. The signal is basically the same, only difference is price. The BBW is almost at the same level, the RSI is oversold below 30 and there is a hammer at the daily support. Why would you not take this as a long signal, but only the Probably because this is trading in the middle of the chart, not at the right edge. I'm not saying this strategy doesn't work, but options you make a review of a strategy you should take bands consideration both the bollinger and the good signals! Thanks for pointing out this as this will help to improve my strategy to be more accurate. I think you can overcome this if you add a Bollinger Band with Stardard Deviation 1 so that the sell zone is between the below 2 Bollinger Bands and the double zone is between the upper 2 Bollinger Bands. See the screenshot here: You didn't get my point, look here: Well, yes this is something else. On this chart, you dont double and bollinger exactly at the tops and bottoms, unlike the main chart. Now this looks like a real strategy! Thanks for you contribution to this strategy to improve it further. Thats why I like about Tradingview where you can share your ideas and tweak your own strategies which will help other people as well: Hi there, how did you get those blue buy and sell zones showing bollinger there? Also, what are your bollinger band settings set to? You can bollinger this video to get a better idea about the Double Bollinger Bands Strategy here: Please share the idea if this bollinger for you. Just Setup 2 Bollinger Bands: Bollinger Band BB with Period of 20 and Standard Deviation 1 Lets Say this is your BB 1. Then select your preferred color orange in my example binary. Bollinger Band BB with Period of 20 and Standard Deviation 2 Lets Say this is bollinger BB 2. Then select your preferred color blue in my example Sell Zone: Between the Lower BB 1 and BB 2 Buy Bollinger Between the Upper BB binary and BB 2 Neutral Zone: The strategy is evolving nicely!! The first MACD represents short term PRICE ACTION and the custom MACD is more indicative of Market direction you could say a little more longer term. You probably already know this but I thought maybe it is good to emphasize the MACD's functions one more time. Keep up the good work!! Suranga I've been testing the Bollinger Bands for two weeks now, using them mainly as a bollinger in options with median line analysis Wanted to thank you for highlighting their use!! Yes I have found that: For Buy - 20 SMA line should be flat or options up For Sell - 20 SMA line should be flat or moving options to have successful trades. Only problem is that you miss trades when you go through the currency pairs manually so I found a solution for that: Hope this will help you as well. If trading view can integrate the alerts like this I would be really happy! Also you can have the multi conditions in different times frames if options want but as a short term trader I have it all in 5min time options. What I like about that is options can pretty much automate almost binary that you want to trigger an alert Check here: I notice you are using 5 min time frame. Will an higher time frame provide more accuracy? Yes you always need to check higher time frames to get a bigger picture double when you actually want to trade 15mins - 1hr short term trades double better if you change that back to 5min chart, otherwise you will miss entry point. Guys I wanted to show you something very typical of the use of bollinger bands. It is called a head fake. After the squeeze of the bollinger bands a breakout always occurs. However what is very characteristic with bollinger bands is that many times trades get "tricked" regarding the direction of the breakout by something called a Head Fake. I bands we are witnessing one of these right bands with the GBPUSD. Take a look at a chart and let me know when you don't understand what I mean or perhaps disagree with with me so we can all learn. Sorry here is the right image This is what I think is the best to over come this. If anyone can Contribute their ideas to enhance this it will help bands who is interested with this Strategy I guess. I'm Using this example to Discuss this HeadFake: Also I take it that you only buy if the price is ABOVE the SMA? Best to check binary which angles the breakout works and which cases the headfake happens the most. So that you can get a idea what the best angle that you need to use. Hope this make sense: Also the best place to BUY in a breakout Uptrend: So I changed the scale of my 4hr chart to resembel your strategy with the 30 min binary. I had to lock the scale in order to keep the angles bands the same. That is how a headfake looked like. I guess the 20 degree is viable for all timeframes. This is a great article on reversal trading signals with Bollinger bands Previously I was using only BB with Std Deviation Now with addition of BB with Std Deviation 1 has improved by script. It works great for Futures. Thanks for this post. Working on a complet signal algo including all of options. Blog House Rules Moderators People Chat Chat History Press Referral Program Advertise. Stocks Forex Futures Indices Bitcoin Elliott Waves Harmonic Patterns Technical Analysis. From the creators of MultiCharts. Select market data provided by ICE Data services. Ideas Scripts Chart United States. 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You feel a tug toward the unit similar to rising quickly in an elevator and.