The Best “Bollinger Bands ADX Momentum Trading System“. Bollinger Bands are a highly popular technical analysis technique.
- Time Frame: M30 or higher
- Currency Pairs: GBPUSD, EURUSD, USDJPY, AUDUSD, NZDUSD, and USDCAD
Approximately 90% of price action occurs between the two bands. Any breakout above or below the bands is a major event.
The bottom line is that Bollinger Bands are designed to discover opportunities that give investors a higher probability of success.
- Bollinger Bands
- Download “TraderVersity.Com-BollingerBandsSystem” (Zip/RAR File).
- Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
- Copy the “TraderVersity.Com-BollingerBandsSystem.tpl” file (template) to your Metatrader Directory …/templates /
- Start or restart your Meta Trader Client.
- Select Chart and Time frame where you want to test your Forex system.
- Right-click on your trading chart and hover on “Template”.
- Move right to select “TraderVersity.Com-BollingerBandsSystem” trading system and strategy
- You will see “Forex IVT Bollinger Bands Trading System” is available on your Chart
- Bollinger Bands: price breakout above the upper band of the Bollinger Bands
- IVTADX: The lime line above the red line
- IVTBBS: Blue color histogram
- Bollinger Bands: price breakout below the lower band of the Bollinger Bands
- IVTADX: The lime line below the red line
- IVTBBS: Red color histogram
Bollinger Bands® are not a standalone trading system. They are simply one indicator designed to provide traders with information regarding price volatility.
John Bollinger suggests using them with two or three other non-correlated indicators that provide more direct market signals. He believes it is crucial to use indicators based on different types of data.
The bottom line is that Bollinger Bands are designed to discover opportunities that give investors a HIGHER PROBABILITY OF SUCCESS.