Bands are very tight and the volumes are relatively low. Based on the rules of the strategy, this would be the exit signal and the trade should be closed out at this point. This is the 4-hour chart of the EUR/USD for Apr 1 Apr 16, 2014.
Tag: Bollinger Bands Trading, Bollinger Bands Strategies, Ma Bollinger, Bollinger Band trading trend, Bollinger Bands scalping.
Double Bollinger Bands is a mechanical trading strategy that enables you to locate the trade setups without having to analyze the charts.
This system has been introduced to Forex traders as an ultimate trading system that makes money for them consistently.
I just want to clarify that it is not the.
When the Bollinger Bands are close to each other, then the trading indicator is conveying to us that the volatility of the Forex pair is relatively low.
Never think that you will make more profit if you apply this trading system on 5min or 15min charts. Therefore, their importance to each other is essential, which in turn, creates reliable signals for trading. However, if the bands expand and the price starts closing candle after candle above the upper band, then we expect further bullish expansion. If so, you have a long trade setup (buy signal). In this manner, the trading volumes are typically low as well, and the pair is said to be consolidating or ranging rather than trending. All you have to do is adding two sets of Bollinger Bands indicator. When the Bollinger Bands are close to each other, then the trading indicator is conveying to us that the volatility of the Forex pair is relatively low.