How To Set Up Bollinger Bands

The Most Successful Trading Strategy In Binomo: Bollinger Bands – Be Patient And Earn Money — The Most Successful Trading Strategy In Binomo: Bollinger Bands – Exist Patient And Earn Coin

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How-do-you-do everyone, another week has passed. And today, in this week's article, I will bring you a very expert Binomo trading strategy with the Bollinger Bands indicator. This deems to exist the most constructive strategy, bringing the well-nigh stable turn a profit in Binomo. Permit'south follow the article to find out how professional traders have fabricated money on this platform.

Video on how to apply Bollinger Bands strategy effectively in Binomo

Binomo trading strategy with Double Bollinger Bands

The ground for opening an club in this trading strategy is based on the signals of the Double Bollinger Bands. This is a technical indicator that allows traders to find very skilful reversal entry points.

This trading strategy uses 2 Bollinger Bands with ii different Standard Deviations (2 and 2.5).

Binomo trading strategy with Double Bollinger Bands

How to set up upward Bollinger Bands indicator in Binomo

Select the "Indicator" menu and and then "Bollinger Bands".

How to set up Bollinger Bands indicator in Binomo

For the 1st Bollinger Bands, set the parameters as 20 and two (BB2).

Set up two indicators — Gear up 2 indicators

And then, customize the colors and click Apply to complete the settings.

For the 2nd Bollinger Bands, set up the parameters every bit twenty and 2.5.

Using Double Bollinger Bands will assistance traders filter out signals when the toll sticks to the bands. With the BBs strategy, if the price sticks to the bands, information technology will make traders lose.

How to trade with Double Bollinger Bands

In this strategy, we open orders following candlestick colors. It means to gauge what colour the next candle is by opening an order at the fourth dimension the cost creates a new candle. The expiration time is equal to the candle fourth dimension flow.

If you do non know how to open an order using candlestick colors, you lot can review this commodity: How to trade using candlestick colors in Binomo

Formula for the Double Bollinger Bands strategy

Conditions: A 5-minute Japanese candlestick nautical chart. ii Bollinger Bands indicators (BB 2 and BB 2,5). Open orders with an expiration time of 5 minutes.

How to open an order:

+ Open an Upward order when the toll creates a red candlestick which falls out of and closes outside the lower bands of the BB 2.v.

Open an UP order with the Binomo trading strategy using Double BBs — Enter an Upwardly order with the Binomo trading strategy using Double BBs

+ Open a Downwardly order when the toll creates a green candlestick which breaks out of and closes exterior the upper bands of the BB 2.5.

Open a DOWN order with the Binomo trading strategy using Double BBs — Enter a Downwards guild with the Binomo trading strategy using Double Bulletin board system

Majuscule direction

For capital, this strategy uses the Martingale capital management method. This ways yous will increase the investment for the post-obit order if the previous order is a losing one. This is to disengage the previous losing gild and make a small profit. A Martingale cycle consists of 3 orders with increasing investments. If you lot win any of 3 orders, you must start the cycle over again with the initial upper-case letter.

Specifically, assuming the income rate for each club in Binomo is 80%, then you need to open up orders with investments equally follows:

Open orders with the Martingale capital management method — Open orders with the Martingale majuscule management method

With this majuscule direction method, y'all will completely eliminate the chance of price sticking to the bands. This is the culprit killing a lot of traders' accounts when using Bollinger Bands.

If yous want to better empathise this capital direction method, you can review information technology here: Martingale uppercase management method .

Trading principles

If you desire to earn money, any trading strategy in Binomo must have principles. With this strategy, you need to strictly follow the following:

Just open orders when there is a clear signal. The signal candle breaks out of and closes exterior the BB 2.v bands.
Open the order exactly as presently as the price starts to create a new candle. This eliminates price manipulation from the platform.
Open orders with investments in line with the Martingale uppercase management method

Trading principles for the Double BBs strategy

In reality, within a day, the toll departure from the BB two,5 bands in Binomo does not happen often. You but need to look patiently for the signal to announced. Trust me, if you lot do all of the above correctly, you will definitely earn money in Binomo.

In conclusion

The above commodity is well-nigh the all-time trading strategy in Binomo using Double Bollinger Bands. In the following article, I will review how to utilize this strategy on a Real account along with the bodily entry points. Let'due south follow information technology upwards. Bye and see y'all over again.

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