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If you have already mastered Bollinger Bands indicator and looking for more advanced level of usage, we have prepared that article specially for you. We will show you three different strategies for Bollinger Bands indicator which are used by professional traders.

How do you do that: If the channel has been tight for quite some time and then you see the break out, look if the indicator starts widening. That strategy better works on period Bollinger Bands with the deviation of 2. Depending on the volatility it is better to use with longer trades from 15 minutes. That strategy gives you an opportunity to profit on small price movements.

Then confirm the trend before entering a deal. Wait for the next candle to close in green and then enter a Call deal. That strategy better suits Short term deals as movements are quite fast. We recommend you to first test that strategy on the Demo platform before moving to Real trading. Period 20, Deviation 2 2nd Bollinger Bands: Period 20, Deviation 1. Notice, that you set similar Period value and different Deviations.

When to open a Call deal: And previous two candles should be closed below the upper line of the 1st Bollinger Bands. When to open a Put deal: Then check for two previous candles as well. If those two closed above the 1st Bollinger Bands you have a signal to open a Put deal.

Even with the basic indicator like Bollinger Bands you can analyse and predict the market effectively. Study new strategies, check those on the Demo platform and then move to the real platform. Trade smart with Ayrex. Strategy 2 That strategy gives you an opportunity to profit on small price movements. Period 20, Deviation 1 Notice, that you set similar Period value and different Deviations. What you get after you set both indicators: Sincerely yours, Ayrex Team.