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Forex Strategy “Trading on Bollinger Bands”

John Bollinger was the one who invented the Trading on Bollinger Bands strategy in the 1980’s. Once this strategy was one of the most generally used when applying technical analysis. In the center of the Bollinger Bands there are three lines – the bottom, the middle and the upper lines. The lines are applied to recognize the extreme price values in the tool of trading.

The upper band is the territory of the trading tool. The indicator is used for seeing a more accurate market picture. Often this strategy is applied jointly with other strategies.

Before starting consider it singly from the others and build the simplest forex trading strategy that is grounded on it. Bollinger bands are used on standard indicator of the trade terminal Metatrader 4.

When there is a breakthroufg of the lower band indicator Bollinger, it is recommended to use the oversold in the strategy. Quite often the lower band is pierced with large sales, and then the financial instrument price goes back above the penetrated lower band. After that it goes to the middle of the Bollinger Band. That’s when the time to make a profit comes.

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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