Bollinger Bands
- Thread starter vicjon1995
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I don't actively use BB right now, but during my backtests of classical indicators, I found that Bollinger Bands are one of the most accurate indicators, specifically, the breakout of the price from the bands.
BB breakouts showed consistent profit on a rather long period in backtests. Perhaps, it could be worked into an automated system with proper filters and risk management.
i use BB as well, they are good, but be careful of market reversal when using bb, you better off closing right-out in any direction you trading with bb when the market is in your favour except you got a sizeable balance and you are ready to take the risk.
you're welcome, it did breakout towards 0.85570 and fortunately enough did not retrace that quick
certainly didWow. That’s great. Hope you were able to take advantage of this.
i'm not to sure of GBP/USD but i see another breakout on H1 towards 1.38275, on reaching 1.38180 it will reverse to a pin bar going back up, it looks so, but another pin bar formed, so i dont think the breakout is good..
any analysis on this?
any analysis on this?
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