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What are the best parameters for Bollinger Bands trading currencies?

Aug 04, 2017 at 11:31
1,137 Views
17 Replies
Member Since Sep 28, 2015   5 posts
Aug 04, 2017 at 11:31
anybody got best ideas here?
Member Since Apr 18, 2017   920 posts
Aug 07, 2017 at 06:18
I am using the default setting of BB, and I’m comfortable on it!
Member Since Nov 21, 2011   1718 posts
Aug 07, 2017 at 08:32
Bollinger Bands are the best indicator.
This is the only indicator that can predict future.
Default parameters are already good.
Member Since Nov 24, 2015   64 posts
Aug 07, 2017 at 17:56
Member Since Dec 11, 2015   1487 posts
Aug 08, 2017 at 12:55
I just use the default settings and I am pleased with the results. I've seen no reason to change them.
Member Since Jun 14, 2017   11 posts
Aug 08, 2017 at 14:54
BB look like they are great in hindsight but I find that they suck for actual trade entries. Stick to price action
Member Since Apr 18, 2017   920 posts
Aug 09, 2017 at 06:24
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!
Member Since Nov 21, 2011   1718 posts
Aug 09, 2017 at 08:01
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.
Member Since Dec 11, 2015   1487 posts
Aug 09, 2017 at 13:10
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.
Member Since Feb 12, 2016   522 posts
Aug 10, 2017 at 16:06
The 'best settings' settings depended from the time frame.
Member Since Jan 12, 2012   6 posts
Aug 13, 2017 at 07:04
default setting is the best because everyone is using it.
Member Since Aug 09, 2017   785 posts
Aug 13, 2017 at 07:07
When I was a newcomer I was using Bollinger Bands in demo account, but didn’t get maximal result that I did in demo.
Member Since Dec 11, 2015   1487 posts
Aug 13, 2017 at 13:11
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?
Member Since Nov 21, 2011   1718 posts
Aug 13, 2017 at 17:32
I suggest you guys to post a screenshot / signals based on BB
Member Since Sep 28, 2015   5 posts
Aug 14, 2017 at 05:42
short term shorts or long can be identifier
Member Since Dec 11, 2015   1487 posts
Aug 21, 2017 at 13:30
breesean posted:
short term shorts or long can be identifier

The BB indicator can help with both, I think.
Member Since Apr 13, 2016   14 posts
Aug 22, 2017 at 06:16
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.
Member Since Apr 18, 2017   718 posts
Nov 12, 2017 at 15:55
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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