Page 1 of 2 12 LastLast
Results 1 to 10 of 14
  1. #1
    Active Member

    Bollinger Band& RSI Strategies !!!

    Ran across this strategy in my searches through internet.
    Set RSI @ 14, BB @ 20, Shift @ 0, @ Deviation @ 2.
    When price is BELOW the BB and RSI is ABOVE 70 you do PUT.
    When price is ABOVE the BB and RSI is BELOW 30 you do Call.
    Using 2 minute charts and 5 minute expiry.
    Using Free Stock Charts for indicators and Optimarket as trading platform.
    Back tested for some time and went real this week.
    Made 154 trades @ 65 % a bit under my back test %but did made a few dollars.
    Anyone else using a like strategy and if so any ideas?

  2. #2
    Specialist Member marc's Avatar

  3. #3
    Active Member
    Just a quick note on my progress to date.
    After back testing I decided to give this a try.
    My trades risked only 5% of my BR and have been trading for two weeks.
    Made 477 trades, won 295 trades for winning % of 61.8.
    Have turned a profit. Started out with a small BR and have tripled my BR.

  4. #4
    Master Member Bogdan G's Avatar
    Maybe this will help new guys to learn more about the use of Bollinger bands: http://forums.binaryoptionsthatsuck....-of-Volatility

  5. #5
    Specialist Member RCox's Avatar
    I think Bollinger Bands are actually pretty under-rated and wrongly dismissed as being too simplistic. The fact is that prices very rarely trade outside of the Bands, so there are some good trading opportunities that can be found that way.

  6. #6
    Rookie Member
    Any tips on using Bollinger Bands during strong trends?

  7. #7
    Veteran Member Optionguy's Avatar
    Bollinger Bands are better used in ranges. When they are flat they act as support and resistance. If the Bands are broken it is often an indication of a new trend.

  8. #8
    Rookie Member
    Thanks Optionguy! So I assume we would primarily use BB's for trading reversals in a ranging market right?

  9. #9
    Legendry Member willyw's Avatar
    Quote Originally Posted by deadbeat777 View Post
    Thanks Optionguy! So I assume we would primarily use BB's for trading reversals in a ranging market right?
    Bollinger Band is not only for trading reversals in ranging markets but can be use for trending markets too; i.e. breakouts.

  10. #10
    Veteran Member Optionguy's Avatar
    Quote Originally Posted by deadbeat777 View Post
    Thanks Optionguy! So I assume we would primarily use BB's for trading reversals in a ranging market right?
    In combination with other indicators such as RSI you can spot overbought and oversold levels in a range and trade a reversal, but as willyw wrote breakouts of the bands would indicate an upcoming trend. Then you should trade in the direction of the trend.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
3