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What are the best parameters for Bollinger Bands trading currencies?

breesean
Aug 04 2017 at 11:31
5 posts
anybody got best ideas here?

AniLorak
Aug 07 2017 at 06:18
920 posts
I am using the default setting of BB, and I’m comfortable on it!

CrazyTraderfx (CrazyTrader)
Aug 07 2017 at 08:32
1718 posts
Bollinger Bands are the best indicator.
This is the only indicator that can predict future.
Default parameters are already good.

mlawson71
Aug 08 2017 at 12:55
1487 posts
I just use the default settings and I am pleased with the results. I've seen no reason to change them.

LogiBear
Aug 08 2017 at 14:54
9 posts
BB look like they are great in hindsight but I find that they suck for actual trade entries. Stick to price action

AniLorak
Aug 09 2017 at 06:24
920 posts
LogiBear posted:
BB look like they are great in hindsight but I find that they suck for actual trade entries. Stick to price action


I agree with you; but on the rangy session, it works really great!

CrazyTraderfx (CrazyTrader)
Aug 09 2017 at 08:01
1718 posts
AniLorak posted:
LogiBear posted:
BB look like they are great in hindsight but I find that they suck for actual trade entries. Stick to price action


I agree with you; but on the rangy session, it works really great!


I really prefer the part that come right after a BB squeeze. => BB expansion, breakout, strong price action.

mlawson71
Aug 09 2017 at 13:10
1487 posts
AniLorak posted:
LogiBear posted:
BB look like they are great in hindsight but I find that they suck for actual trade entries. Stick to price action


I agree with you; but on the rangy session, it works really great!


You don't need trend lines to figure out the channel of a range when you have the BB indicator on, true.

Baldo (BaldoN)
Aug 10 2017 at 16:06
522 posts
The 'best settings' settings depended from the time frame.

Sephiroth
Aug 13 2017 at 07:04
6 posts
default setting is the best because everyone is using it.

Imamul
Aug 13 2017 at 07:07
685 posts
When I was a newcomer I was using Bollinger Bands in demo account, but didn’t get maximal result that I did in demo.

mlawson71
Aug 13 2017 at 13:11
1487 posts
Imamul posted:
When I was a newcomer I was using Bollinger Bands in demo account, but didn’t get maximal result that I did in demo.


Do you still use the same indicator? Or you moved onto others?

CrazyTraderfx (CrazyTrader)
Aug 13 2017 at 17:32
1718 posts
I suggest you guys to post a screenshot / signals based on BB

breesean
Aug 14 2017 at 05:42
5 posts
short term shorts or long can be identifier

mlawson71
Aug 21 2017 at 13:30
1487 posts
breesean posted:
short term shorts or long can be identifier


The BB indicator can help with both, I think.

petkofxlev38
Aug 22 2017 at 06:16
14 posts
Dear Breesean,
what you do this way is to guess! And with guessing you will not reach to the end you wish.
In order to find the best inputs for any indicator you need professional optimizer to calculate the best inputs for the indicator you want to use. For this purpose you can use EA Stuido in EA Forexacademy. Select BB indicator and all the rest entry and exit conditions and run the optimizer with predefined acceptance criteria.
It is important also to upload the historical data from your broker! That is essential! Make sure also to use at least 200 000 bars if you with to trade on M1, 100 000 for M5 and 50 000 for the higher time frames. That way you will avoid your strategy to be over-optimized. I have already some experience with this software, so do not hesitate to write me any questions.

AmDiab
Nov 12 2017 at 15:55
718 posts
AniLorak posted:
I am using the default setting of BB, and I’m comfortable on it!


May I know your time frame please? Because, it depends on the time frame.

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