About the Bollinger Bands EA. The Bollinger Bands indicator was invented by John Bollinger in the s. The Bollinger Bands consist of a moving average, an upper and a lower band and it is included by default in Metatrader blogger.com default settings are 20 for the period and 2 for the deviation. The Bollinger Bands EA will automatically open trading positions based on the signals of the Bollinger /5(97) Regression Channel Double v EA Unlimited MT4 System Metatrader 4 Expert Advisor Forex Robot Trading $ $ Period Bollinger bands – period; Be the first to review “Two Raffs and Bollinger v EA Unlimited MT4 System Metatrader 4 Expert Advisor Forex Robot 9/23/ · Strategy: Bollinger Bands. OndaFX trades the AUD/USD and EUR/USD pairs, using the one-hour timeframe. At the core of the bot's strategy is a very popular technical indicator – Bollinger Bands. As most of you know, the indicator combines three lines – a moving average (in the center), as well as an upper and a lower band
Bollinger Bands Breakout MT4 Expert Advisor
The Double Double bollinger band forex expert advisor Bands Strategy is a versatile trend following volatility based indicator which is fairly reliable by itself. Developed by John Bollinger, the bands are made up of the outer bands which are placed two double bollinger band forex expert advisor deviations off the 20 period moving average of price. The bands tend to widen when volatility increases and contract during low volatility or periods of consolidation.
It is widely known that when the Bollinger Bands double bollinger band forex expert advisor, they signal a potential volatility breakout in the next few sessions. The Bollinger Bands can be traded in a variety of ways. Some of the most commonly used trading strategies include:. Besides the above commonly used methods to trade Bollinger bands, using a double Bollinger Band is another unique way to trade with the bands.
The main benefits this has to offer is the fact that by using a higher standard deviation based Bollinger Bands, traders are able to fine tune their entries. The double Bollinger Band tends to be used mostly a reversion to the mean methodology, meaning that when the higher standard deviation Bollinger band tends to contain the price extremes, it signals a reversal to the mean, which is nothing but the 20 period moving average.
The double Bollinger Band strategy as outlined below is ideal for traders at all levels and is relatively easy even for first time traders. With due practice, traders will be able to identify the set ups that occur which usually has a high hit rate of reaching the take profit levels. The first step to use this strategy is to apply the first Bollinger Band with a setting of 20, 2 and then applying another Bollinger Band indicator with a setting of 20, 3.
Once the two Bollinger Bands are applied on the chart, traders can then start looking for entries. The Double Bollinger band strategy works across any timeframe, double bollinger band forex expert advisor, but it is best advised to use this strategy on the 1 hour chart time frame. Traders should also bear in mind that only the most liquid currency pairs with the lowest spreads are considered while trading with this strategy.
Double Bollinger Band Long Setup. In the above chart, we notice that prices initially break close to the outer Bollinger Band. The subsequent candles continue to close outside the inner Bollinger band until we find the set up where prices close back with the doji candle inside the inner Bollinger Band.
The long position is taken at the close of this candle with stops set to the corresponding price point of the outer Bollinger Band while targeting the corresponding price level of the middle Bollinger band. Double Bollinger Band Short set up. In the following chart we first notice that prices break out strongly and close outside the outer Bollinger band.
Two candles later, prices then close back inside the inner Bollinger Band, double bollinger band forex expert advisor. A short entry is taken on this close while the stops are placed at the corresponding high of the outer Bollinger Band. The take profit level is set to the corresponding price point of the middle band, double bollinger band forex expert advisor. Prices continue to hover above the entry for a while before eventually reaching the take profit level.
The Double Bollinger Bands Strategy is very simple and efficient at best. By keeping the indicators to a minimum two Bollinger Bands and by exercising patience, waiting for the right set ups, traders will find the double Bollinger band not.
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10/16/ · The Double Bollinger Bands Strategy is a versatile trend following volatility based indicator which is fairly reliable by itself. Developed by John Bollinger, the bands are made up of the outer bands which are placed two standard deviations off the 20 period moving average of price. The bands tend to widen when volatility increases and contract during low volatility or periods of Estimated Reading Time: 5 mins The Double Bollinger Bands Strategy is a versatile trend following volatility based indicator which is fairly reliable by itself. Developed by John Bollinger, the bands are made up of the outer bands which are placed two standard deviations off the 20 period moving average of price. The bands tend to widen when volatility increases and contract during low volatility or periods of consolidation Bollinger Bands (Lines) — is the instrument of technical analysis of financial markets reflecting current price deviations. The indicator is calculated on the basis of standard deviation from a simple moving average. Entry parameters: Bands_Period – period of moving average; Bands_Deviation — number of of standard deviation from a moving
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