strategi forex bollinger band indicator
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Strategi forex bollinger band indicator

As for the Bollinger Bands, both low points cross the lower line at approximately the same distance. We can talk about the equality of the lows of the left and right sides and equilibrium in the market. After finding the W-bottom, you need to answer the question: "When and what positions should I open? This will be the signal to open a long position. The stop order should be set below the last low point below the right side of the formation.

Later it should be moved up. You can do this by eye or according to your own rules. For beginners, I recommend starting with stop losses set off from local lows. M-Tops While the most common base shape is a W-bottom, the tops can be double or triple in an M-top. The most common case of a triple top is the head and shoulders pattern, which is well known in technical analysis.

It shows rapid growth and small rollbacks. This rollback forms the left shoulder. It is followed by another period of growth, which forms a new high, which ends with an even larger rollback. Quite often, this rollback completes near the previous local low. It forms the so-called head. Following the head, the right shoulder is formed. It represents a failed growth with an amplitude less than the previous one ideally ends around the peak of the left shoulder and a subsequent fall in price setting a new low.

The right shoulder may be followed by another minor growth, bringing prices back to the vicinity of the lows of the left and right shoulder. Traders often refer to these lows as the neckline. It is usually followed by a complete fall. The chart depicts a head and shoulders formation. For clarity, I marked its outlines with green lines, and its components with numbers: left shoulder; right shoulder; backward movement before final decline.

This example clearly shows that in practice the head and shoulders are rarely formed as a perfect structure. Deviation of one or more parameters is considered acceptable. When analyzing a figure, I also recommend paying attention to volume. On the left side of the figure, especially in the head area, it is characterized by high values. At this point, news is published preceded by rumors and expectations. After passing the peak of the head, activity decreases.

A small surge of optimism can be observed on the right shoulder or the last jump up. In the chart, we see that at the moment of the formation of the right shoulder, traders are confused. Most of them argue that a reversal is inevitable. Therefore, the increase in volume occurs at the stage of the lowering of the right shoulder. In the first part of the last spike, the high volume can be explained by the struggle between bulls still hoping for growth and bears confident of the fall.

After passing the peak, massive sales continue at the expense of traders, who at the last moment realized that further growth is impossible. Analysis of the formation using Bollinger signals is even more interesting. In the ideal version, the left shoulder goes beyond the upper line. The right one misses it by a little. The neckline in the right shoulder often stops at the moving average, and the first decline is in the vicinity of the lower Bollinger band.

In our graph above, only one condition is met strictly. Upon reaching its peak, the first shoulder is crossed by the Bollinger Wave indicator blue arrow. The neckline is bounded by the lower band rather than the moving average. You can also say that the first decline stops at the lower line red arrow. However, upon closer inspection, a slight overlap is noticeable. This once again confirms the fact that in real trading you will rarely come across perfect shapes.

The first part of the head and shoulders formation is ideally an M-top consisting of a left shoulder and a head. Most often it is expressed in the form of an M15 or M16 shape. The next part is also an M and it includes the head and right shoulder possible shapes are M3, M4, M7 and M8. The last phase right shoulder and reverse growth before the final decline can be formed in the form of an M1 or M3 shape.

M-tops are useful for identifying the tops of sustainable trends. In the process of their formation, there is a reversal of the price movement, which opens up opportunities for effective entry into the market. Even more useful is the analysis of the interaction of the head and shoulders with the BB. It allows you to recognize the pattern before it is fully formed, which means opening a position at one of the high points and increasing the final profit from the trade.

At the same time, starting from the right dip after the head, the structure has a downward slope. This means it can be analyzed using W shapes. Reverse growth often forms as W1 or W2 shapes. As you analyze, you can get deep into the details by identifying each component of the M and W at the following levels.

There should be five of them in total. But with traditional analysis, there is no need to analyze all the constituent figures. It is enough to find a few of them. In addition, the formation is easy to read visually, as well as in terms of its interaction with Bollinger Bands and the impact on trading volumes.

Three pushes to high In addition to the classic head and shoulders, you will often see a variation of this pattern, which Bollinger calls the three pushes to a high. It usually completes larger shapes. When analyzing this structure using Bollinger Bands, you can see the following patterns: The first push goes beyond the upper band. The second push creates a new high and touches the upper level.

The third push may or may not form a new high. If a new extreme point is created, it will not be much higher than the previous one. In this case, the third push does not touch the upper Bollinger band. Then the activity gradually decreases and in the final stage reaches a low. Let's take a look at an example. The peaks of the three pushes to a high are labeled with numbers. We will use them as serial numbers. The first push naturally crosses the upper Bollinger band.

The second creates a new top. However, it is only slightly higher than the previous one. Because of this and as a result of the previous rapid upward movement, the second pattern is not realized. The third spike is also not much stronger than the previous ones. Its high touches the Bollinger band, but the end point of the candlestick is below it. A gradual decrease in volumes from the beginning of the formation to its end confirms an early reversal.

I marked this phenomenon in the chart with a blue line. We will look at various methods within the day, in the lowest timeframes, learn how to squeeze the bands and use their signals in conjunction with other indicators. I will separately talk about the Bollinger Bands strategies, which involve trend following in the presence of a breakout of important levels and additional reversal signals. How to Make Big Profits in the World of Forex, she described an unusual technique involving the use of two Bollinger Bands of the same type in the same chart.

To understand what this is about, let's add them to the chart. The first indicator will be with a period of 20 candles and two standard deviations. For the second indicator, we use slightly different Bollinger Band settings: a bar period and one standard deviation. The final Bollinger indicator consists of five lines: top red line with two standard deviations; top green line with one deviation; moving average blue ; bottom green line with one deviation; bottom red line with two deviations.

All bands, except the moving average, form trading zones that we will use to open trades: buy zone - between the upper red Bollinger band and the upper green line; neutral zone - between the upper green and lower green line; sell area is between the lower green and lower red line. The price being in the buy zone indicates the strength of the current trend.

This means that there is a high probability that the price will go up for some time. For trend trading, Ketty recommends opening long positions when the close of the candlestick hits the upper quarter of the double Bollinger indicator. In this case, the two bars preceding it should close in the neutral half.

Keep a long position as long as the candles close within it. On the other hand, if the price is in the sell zone, it indicates the strength of the bearish trend. By analogy, here you should open short positions provided the closing points of the two previous bars are in the neutral half and keep them until the candle closes return to the neutral zone.

For an uptrend, stop orders should be set at the lowest price of the first bar that broke the upper line of the neutral zone. For a downtrend, the stop order position is determined by the high of the first bar that breaks the lower line of the neutral zone. The initial target is set at a distance of two stop losses. When the distance of one stop loss is passed, Kathy recommends moving it to breakeven. Then it should be gradually moved along with the potential target following the price and closed manually when the last candlestick closes in the neutral zone.

After the price has entered the neutral zone, we can consider two possible scenarios: The price will move to one of the trading quarters - usually this happens when a trend reverses. You can prepare for a strong movement in either direction. The price being in the neutral zone demonstrates uncertainty. You should refrain from entering the market and wait for the price to close in one of the quarters.

Alternatively, you can go to a lower timeframe or trade short-term trades within the channel. In the latter case, the Grid trading strategy , which I talked about in one of the previous materials, may come in handy. Now let's look at the classic strategy Double Bollinger Bands through an example.

In the chart, the bar marked with a blue oval closes in the upper quarter. A buy signal appears. Open a long position at the close of the candlestick at 1. Set the stop loss at the low of the candle that has broken through the first upper line. It is marked with a red line in the chart. In the future, you can stop at the target level.

But it is much better when the price grows to move the stop loss to the breakeven level, leave it at this position and wait for the signal to close the order or move it dynamically with the target. As long as the price remains in the upper quarter, we leave the position open. In the chart above, the borders of this period are between the blue and orange ovals. Then a downtrend bar forms - see inside the orange oval.

It closes in the neutral zone, which is a signal to take profit. The closing price is marked with a black line and is 1. The resulting profit will be equal to 1. If we had stuck with the option of moving the stop loss and target, the close would have occurred automatically at the 1. In this case, net profit excluding spread would be 0. It is recommended to use the strategy of double Bollinger bands on trend instruments.

You can use almost any timeframe - from M15 to D1. Here's what experienced traders think of the strategy: Bollinger Bands Scalping This strategy works on any exchange instruments. The recommended chart timeframe is M1 to M We will receive the main signals from Bollinger Bands.

We will use them to identify opportunities for opening and closing positions. The picture above shows how to set up the Bollinger Bands. The parameters are standard - the period of the moving average of 20 bars and two standard deviations. The RSI indicator is used as a signal filter. I recommend using the 8 bar period for it. Go to the indicator settings, open the "Parameters" tab and set 8 under the "Length". We leave the upper and lower limits as is - 30 and To open a long position, the following conditions must be met: the price candlestick touches or breaks the lower Bollinger band; RSI level is below 30; one of the following candles will close within the channel.

The stop loss is set just below the low level of the breakout candle. The gap should not be less than 10 points. The optimal ratio of take profit to stop loss when using this strategy is 0. It can also be used to identify trend reversals by pairing it with another moving average line and using it as a crossover signal indicator. Bollinger Bands The Bollinger Bands is a widely used technical indicator which is a part of the channel or band type of indicator.

The Bollinger Bands indicator plot three lines. The three lines mentioned above form a channel or band type structure which envelopes price action. These three lines act as dynamic support and resistance lines where price could either bounce from or breakout of. Trend following traders use the slope of the middle line to identify trend direction.

Mean reversal traders use the outer bands as a basis for overbought and oversold market conditions and trade bounces from these levels. Momentum traders identify momentum candles breaking outside of the bands as a momentum trade setup. The bands can also be used to identify volatility based on the contraction and expansion of the outer bands.

The traditional MACD is an oscillator type of indicator which computes for the difference between two moving average lines. The difference is then plotted on a separate window. This line is a moving average of the prior MACD line. Crossovers between the two lines indicate a possible trend reversal. The lines can also be used to identify oversold or overbought conditions based on its distance from the midline, which is zero, compared to prior swing points.

It makes use of modified moving averages to compute for the underlying MACD and signal lines.

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Bollinger Bands Strategies THAT ACTUALLY WORK (Trading Systems With BB Indicator)

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