above MetaTrader chart The Trend Trader indicator can be used for both identifying the trend. I created this post to help people learn six highly effective Bollinger Bands trading strategies they could start using immediately. This ability to identify the setups will help you avoid the false signals from the real ones. Popular lessons IN THE course: Day Trading Videos. Let me help you out if you are confused - kill the trade! While technical analysis can identify things unseen on a ticker, it can also aid in our demise. From what I remember, I tried this technique for about a week, and at the end of this test, I had made Tradestation rich with commissions. I hate to say that, but it's the truth. Another approach is to wait for confirmation of this belief. Bollinger Bands Calculation: Upper Band, middle band 2 standard deviations, middle Band 20-period moving average (most charting packages use the simple moving average). Some traders will swear trading a Bollinger Bands strategy is key to their success (if you meet people like this be wary).
Maximum trades of the same type - restricts the EA from opening more than this number of trades for each type of trades (buys or sells). Lotsize forex chief multiplier (for hedging trades) - use this multiplier to increase or decrease the lotsize of the hedging trades Hedging trades are also restricted by the Maximum trades of the same type above. How do I know it has a high winning percentage? The key flaw in my approach is that I did not combine bands with any other indicator. A screenshot that can explain how the RobotFX Grid Expert Advisor thinks. This approach is fantastic when you get it right because the reversal will pour money into your account. Which Strategy Works Best? Big Run in E-Mini Futures The above chart is of the E-Mini Futures.