DBBs - Three Zones, Three Rules

However, you guys gave me hope and the believe that all is going to be ok. My broker is CM UK. I have used this with great results. When Al is not working on Tradingsim, he can be found spending time with family and friends. The trading and investing signals are provided for education purposes and if you use them with real money, you do so at your own risk. Just started back-testing it and collecting the information on other articles and your comments.

All you have to do is adding two sets of Bollinger Bands indicator. That is why this trading system is called “Double Bollinger Bands Trading Strategy”. Use the default settings for the first Bollinger Bands: Period: 20 Deviations: 2 Shift: 0. In this article, I refer to this Bollinger Bands indicator as BB2, because its deviations is set to 2.

What Is Double Bollinger Bands Trading Strategy?

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BREAKING DOWN 'Bollinger Band®'

Double Bollinger Bands are 2 sets of BBs, using default settings set at the usual 2 standard deviation distance above and below the 20 period simple moving average line in the middle, as well as a second set of BBs plotted just 1 standard deviation above and below that central moving average. Part 1 Is An Introduction To Double Bollinger Bands, Part 2 Is A Continuation That Presents Specific Rules And Examples, Part 3 (coming soon) Is A Quick Summary This is part of FXEmpire’s continuing series of special features on trader education, and provides a solid basis for understanding double Bollinger bands. For more detailed coverage. These default parameters set the bands 2 standard deviations above/below the simple moving average. Users can change the parameters to suit their charting needs. Bollinger Bands (50,) can be used for a longer timeframe or Bollinger Bands (10,) can be used for a shorter timeframe. Click here for a live example.