Criando bandas duplas de bollinger

O Guia Sensível ao Forex.

Como alcançar a diversificação monetária para menor risco e melhores rendimentos, seja através de negociação segura ou conservadora de divisas ou investimentos em renda diversificada em moeda. O segredo para o grande planejamento de aposentadoria é fácil: se você está recebendo um dividendo seguro e seguro em moeda que está aumentando, então você não precisa se preocupar com mercados voláteis ou baixas taxas de juros que matarão suas economias e pensões. Sua fonte de soluções.

4 Regras para o uso de Bandas Duplas de Bollinger, o Indicador Técnico mais Útil Parte 1.

A Parte 1 é uma introdução às Bandas duplas de Bollinger, Parte 2 é uma continuação que apresenta regras e exemplos específicos, Parte 3 (em breve) é um resumo rápido.

Isso faz parte da série contínua da FXEmpire de características especiais na educação de comerciantes e fornece uma base sólida para a compreensão das duas bandas de Bollinger. Para uma cobertura e exemplos mais detalhados, consulte o Capítulo 8 do livro, O Guia Sensível para Forex.

Bandas duplas de Bollinger (DBBs) são, sem dúvida, o indicador técnico mais útil. Embora você não deva contar com apenas um indicador, os DBBs estão entre os primeiros indicadores que se deve verificar. Eles nos dizem:

Quando uma tendência é forte o suficiente para continuar andando ou para entrar em novas posições, mesmo que tenha acontecido há muito tempo, mesmo em alturas ou baixas históricas onde não há pontos de suporte e resistência (s / r) para referência. Quando não há uma tendência clara e você precisa ficar de lado ou mudar de um sistema de tendências para um sistema de comércio de alcance. Quando é hora de tirar lucros ou de se preparar para negociar a reversão.

Você não precisa aceitar minha palavra.

Em seu livro, The Little Book of Currency Trading, Kathy Lien, analista de rock and star escreve:

Das centenas de indicadores técnicos lá fora, as Bandas de Double Bollinger são as mãos do meu favorito ... eles fornecem uma riqueza de informações acionáveis. Eles me dizem se um par de moedas está em uma tendência ou alcance, a direção da tendência e quando a tendência se esgotou. Mais importante ainda, Bollinger Bands também identifica pontos de entrada e locais apropriados para parar.

Enquanto a Sra. Lien refere-se acima à negociação de moeda, como a maioria dos indicadores técnicos, os DBBs podem ser aplicados a análises técnicas para qualquer ativo negociado ativamente negociado em grandes mercados líquidos, como ações, commodities, títulos, etc.

Para criá-los em seu gráfico:

Primeiro, insira um conjunto padrão de bandas Bollinger: selecione a opção Bandas Bollinger em seu menu de indicadores e, para suas configurações, selecione 2 desvios padrão e 20 períodos. Isso significa que você selecionou uma média móvel simples de 20 períodos (SMA) e 2 linhas ou bandas Bollinger que movem o passo de bloqueio com ele, a uma distância de 2 desvios padrão. Em seguida, insira um segundo conjunto de bandas de Bollinger: repita o processo acima, a única diferença é que você seleciona 1 distância de desvio padrão da SMA de 20 períodos. Consulte o menu de ajuda da sua plataforma de gráficos & # 8217; se o processo não estiver claro.

Para aqueles que não possuem uma base de dados estatística, basta saber que, para fins desta discussão, os desvios padrão funcionam como unidades de distância da média móvel simples de 20 períodos (SMA), que é tanto a linha central entre os quatro DBBs e, portanto, a linha de base para determinando a localização do desvio padrão de 1 e 2 bandas de Bollinger. Se você quiser saber mais sobre eles, você pode procurar os detalhes on-line ou encontrar mais explicações no meu livro nos capítulos 4 e 8.

Veja o Gráfico 1 abaixo para obter um exemplo de como os DBBs se parecem.

Gráfico 1: Gráfico mensal do ouro julho de 2005 a dezembro de 2018.

Fonte: The Sensible Guide To Forex (p.228), MetaQuotes Software Corp (fig8.2)

O gráfico 1 mostra um exemplo de como são os DBBs. Aqui está uma explicação de cada linha.

A1: A linha BB (Bollinger Band) superior que é dois desvios padrão da linha C, a média móvel simples de 20 períodos (SMA). B1: A linha BB superior que é um desvio padrão do SMA de 20 períodos. C: SMA de 20 períodos. A Figura 8.2 é uma tabela semanal, então esta é uma SMA de 20 semanas. Mais uma vez, este é o centro dos DBBs e a linha de base para determinar a localização das outras bandas. B2: A linha inferior do BB que é um desvio padrão do SMA de 20 períodos. A2: A linha inferior do BB que é dois desvios padrão da SMA de 20 períodos.

Em suma, os BBs amarelos são um exemplo dos típicos "BBs" de configuração padrão (2,20), geralmente utilizados, o que significa que os BBs são 2 desvios padrão de distância de uma média móvel simples de 20 períodos (SMA). As configurações vermelhas do BB são (1, 20), 1 desvio padrão desse mesmo SMA de 20 períodos, que é mostrado aqui em roxo.

Observe como essas bandas formam quatro zonas separadas.

A Zona de Compra entre as linhas A1 e B1. Zona Neutral 1 entre as linhas B1 e C. Zona Neutral 2 entre as linhas C e B2. A Zona de Venda entre as linhas B2 e A2.

Salvo indicação em contrário, tratamos ambas as zonas neutras como uma, chamada The Neutral Zone.

São essas zonas que fornecem informações adicionais sobre a força de uma tendência, ainda que tenha o impulso a continuar e onde possamos tentar entrar em negociações, mesmo que não haja outro suporte ou resistência (s / r ) para servir como ponto de referência, como foi o caso do ouro durante a maior parte do período coberto, quando o ouro atingiu continuamente novas elevações históricas.

Como você pode ver no gráfico 1, DBBs criam quatro zonas em torno desse SMA de 20 períodos. No entanto, combinamos as duas áreas do meio e focamos em três zonas: o quarto superior, a metade do meio e o trimestre inferior.

A Zona de Compra de DBB: Quando o preço está dentro desta zona superior (entre as duas linhas superiores, A1 e B1), isso significa que a tendência de alta é forte e tem maior probabilidade de continuar. Enquanto as velas continuarem a fechar nesta zona mais alta, as probabilidades favorecem a manutenção de posições longas atuais ou mesmo a abertura de novas. A Zona de Venda DBB: Quando o preço está na zona inferior (entre as duas linhas mais baixas, A2 e B2), a tendência de baixa provavelmente continuará. Isso sugere que, enquanto as velas se fecharem nesta zona mais baixa, deve-se manter posições curtas atuais ou até abrir novas.

Abaixo, vamos discutir os melhores horários para abrir posições adicionais quando na zona de compra ou venda da DBB.

A Zona Neutral DBB: Quando o preço está dentro da área delimitada pelas bandas de desvio padrão (B1 e B2), não há tendência forte, o preço provavelmente flutuará dentro de um intervalo de negociação, porque o momento não é mais forte o suficiente para nos confiar a tendência. A média móvel simples (C) de 20 dias que serve de linha de base para as Bandas Bollinger está no centro desta zona.

Qualquer que seja o preço da zona, será indicado se você deve:

Negociação na direção da tendência, longa ou curta, dependendo se a tendência é para cima ou para baixo. Basicamente, se o preço estiver na zona superior, vamos longos, se estiver na zona mais baixa, ficamos curtos. Abster-se de negociar se você é um comerciante de tendência pura, ou trocar as tendências de curto prazo dentro da faixa de negociação predominante. Esse é o sinal básico se o preço estiver nos dois trimestres intermediários.

Esse é o resumo mais simples, no entanto, há muito mais para sinais DBB do que isso, como discutiremos abaixo.

Quando abrir ou fechar uma posição: Confirmação de um movimento entre as zonas.

Seu sucesso com DBBs dependerá muito de como você responde quando as transições de preços entre as três zonas. Tal como acontece com qualquer indicador técnico, a questão-chave é: quanto confirmação de uma mudança de tendência você espera antes de abrir uma nova posição?

Como sempre, quando um indicador envia um sinal, buscamos algum tipo de confirmação antes da negociação. Obviamente, geralmente não tomamos decisões de comércio no primeiro carrapato ou vela de encerramento em uma nova zona, pelo menos não com mais de uma parte de nossa posição total planejada.

Assim como os comerciantes precisam de sinais de confirmação para evitar serem enganados por fugas temporárias e falsas além do suporte ou da resistência, também aqui precisamos de maneiras de distinguir entre mudanças de tendências falsas e real, entre movimentos curtos e sustentados em diferentes zonas que podem durar muito o suficiente para um comércio lucrativo.

Como você faz isso?

Infelizmente não há uma resposta.

Você pode simplesmente aplicar os mesmos critérios que você usa para confirmar as fugas além do suporte ou resistência para o ativo e o prazo especificados.

Você pode encontrar pela experiência que você precisa para ajustar esses critérios para confirmar movimentos entre as zonas DBB.

Por exemplo, você pode usar qualquer combinação do seguinte:

Uma a três velas que fecham em uma nova zona confirmam que o movimento é real. O acima, combinado com o preço atingindo um determinado nível. Por exemplo, uma quebra após uma perda de parada escolhida para levá-lo para fora de uma posição, ou uma quebra de uma determinada área de resistência para acionar a abertura de uma nova posição. Um crossover médio móvel que confirma o sinal de que o momento mudou. Por exemplo, um período de SMA de 10 períodos acima de 20 ou 50 períodos, o SMA indica um impulso crescente e ajudaria a confirmar uma mudança para a zona de compra. A ocorrência oposta, os SMAs mais rápidos que atravessam abaixo desse SMA de 50 períodos, podem ser sua confirmação de um movimento para a zona de venda DBB mais baixa e que é hora de abrir novas posições curtas. Um importante evento de novidades no mercado pode fazer você cortar ou fechar uma posição mesmo antes de ter uma confirmação técnica completa. Veja a seção na Regra 3 abaixo para um exemplo. Outro sinal significativo, como um movimento acima ou abaixo de um nível de retração Fibonacci.

Como com qualquer decisão de abrir uma nova posição, você sempre está equilibrando entre risco e recompensa: em outras palavras:

Quanto menos confirmação você aguardar quando o preço se mover para uma nova zona DBB, quanto mais rápido você abrir ou fechar uma posição, e assim: quanto maior o risco de ser enganado por uma jogada falsa que logo inverte e com uma troca perdedora. Quanto maior a recompensa de estar certo porque você entrou mais cedo e tem mais tempo para fazer o movimento, então seu lucro é maior. Por outro lado, quanto mais confirmação você aguarda, menor será o seu lucro porque você entra mais tarde, mas menor o risco de recuperar um movimento falso e um comércio perdedor.

O saldo que funciona para você dependerá da volatilidade do bem, da sua tolerância ao risco pessoal e de outras salvaguardas de risco e gerenciamento de dinheiro que você já possui no lugar que determinam o dano que você sofre de uma determinada perda. Para obter detalhes detalhados sobre gestão de risco e dinheiro, bem como exemplos de como aplicamos essas ferramentas em negociações reais, veja os Capítulos 5 e 7 de The Sensible Guide To Forex.

Teremos mais em obter confirmação na Parte 2.

Em suma, DBBs nos ajudam a decidir quando devemos negociar uma tendência, um intervalo de negociação ou se abster de negociar.

Quando o par está na zona de compra ou venda (acima da linha de desvio padrão superior ou abaixo da linha de desvio padrão inferior), temos uma tendência suficientemente forte para continuar a negociar; Provavelmente, não é tarde demais para entrar, embora seja ideal, você esperaria a tendência de se retirar para a primeira linha de desvio padrão e, idealmente, espere que ele comece a recuperar novamente na direção da tendência crescente ou decrescente . Mais sobre isso abaixo. Quando o par está dentro da zona neutra (entre as linhas de desvio padrão), não existe uma tendência confiável. Em vez disso, estamos em uma faixa de negociação. Aqueles que apenas negociam fortes tendências devem abster-se de negociar. Mesmo que a tendência a mais longo prazo ainda esteja intacta (como é o caso da vela final no Gráfico 1 acima), a tendência não tem suficiente impulso ascendente para assumir que ela continuará em breve. Para comerciantes de tendências, as chances de ganhos adicionais são muito baixas, e as chances de uma inversão são muito altas. O menor risco, maior movimento de recompensa é abster-se de negociar até o preço fazer uma mudança decisiva na zona de compra ou venda (temos uma tendência confiável) ou mudar para uma estratégia de negociação de alcance. Aqueles confortáveis ​​com a negociação dentro de uma faixa de negociação plana devem mudar para estratégias e sistemas de negociação saltam dos canais superiores e inferiores.

Encontrar acesso gratuito aos gráficos que oferecem DBBs.

Observe que, se você está apenas começando a usar gráficos e ainda não possui uma conta de corretagem que ofereça software de gráficos completo, encontrar gráficos gratuitos que oferecem DBBs não é fácil.

Os portais financeiros mais populares, como o Yahoo Finance e similares tipicamente, só permitem um único conjunto de bandas de Bollinger. Eu fiz uma busca rápida e encontrei apenas 2 sites de conteúdo forex que oferecem gráficos gratuitos que permitem inserir vários conjuntos de bandas Bollinger duplas em qualquer configuração que você escolher.

Não foram ruins, mas não combinam a facilidade de uso ou muitas das características úteis dos pacotes de gráficos completos. Então, se você ainda não tem acesso a uma plataforma completa de gráficos, eu sugiro fortemente que inscreva pelo menos uma conta de prática com um corretor que ofereça o MT4 ou um pacote de gráficos similarmente robusto.

Ok, esse era o plano de fundo. Proceda à Parte 2 para as 4 regras de uso de DBBs e exemplos de como os aplicamos. Aqueles que procuram apenas um breve resumo encontrarão um na Parte 3 (que vem em dias) - apenas as regras básicas e uma ilustração do gráfico.

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Negociação com bandas duplas de Bollinger.

Nosso curso sobre Bandas de Double Bollinger (DBB's) é dividido em várias lições. Os DBBs são uma variação poderosa na banda padrão Bollinger, porque eles podem nos contar muito mais sobre o impulso e, portanto, sobre a força da tendência, tanto em mercados planos e fortemente tendenciais.

Bandas duplas de Bollinger são 2 conjuntos de BBs, usando as configurações padrão definidas na distância usual de desvio padrão de 2 acima e abaixo da linha média móvel de 20 períodos no meio, bem como um segundo conjunto de BBs plotados apenas 1 desvio padrão acima e abaixo essa média móvel central.

Os comerciantes podem, e fazem, mexer com o tipo e a duração da média móvel e o número de desvios padrão.

Os dois conjuntos de bandas de Bollinger criam três zonas e falaremos sobre cada zona e o que elas significam relevantes para a posição dos movimentos de preços. Vamos explicar as 4 regras associadas a essas zonas, e como segui-las para negociar de forma rentável.

7.1 DBBs - Definição e Construção.

Em uma lição anterior, aprendemos sobre Bollinger Bands como um indicador que pode ser útil em mercados planos ou suavemente tendentes, mas não durante fortes tendências. Agora vamos aprender sobre as Bandas de Double Bollinger (DBBs).

As Bandas duplas de Bollinger são uma variação poderosa na banda padrão Bollinger única, porque nos contam muito mais sobre o impulso e, portanto, sobre a força da tendência, tanto em mercados planos e fortemente tendenciais.

Esta lição mostrará que, ao contrário das Bandas Bollinger padrão, as Bandas duplas de Bollinger são excepcionalmente úteis em mercados fortemente tendentes, porque nos ajudam a determinar melhor o momento real mostrado na ação do preço do candelabro.

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7.2 DBBs - Três zonas, três regras.

Como já mostramos, dois conjuntos de Bandas de Double Bollinger criam três zonas: uma zona de venda, uma zona de compra e uma zona neutra. Nesta lição, mostraremos como os preços se movem dentro dessas zonas e o que esses movimentos podem significar para o comerciante.

Ao usar o indicador Double Bollinger Bands, é essencial que você siga as 3 regras descritas nesta lição.

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7.3 DBB's - 4 Regras, Regras 1 e 2.

Nesta lição, damos uma explicação detalhada sobre as regras necessárias como base para a utilização da estratégia de negociação Double Bollinger Bands com sucesso. Vamos mostrar como aplicar as regras # 1 e amp; # 2 para o conceito de 3 zonas que aprendemos anteriormente.

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7.4 DBBs - 4 Regras, Regra 3.

Nesta lição descrevemos a 3ª regra da estratégia de negociação de Bollinger Bands. Quando a ação do preço começou a se estabelecer dentro da zona neutra, esse é um sinal para sair de qualquer negociação que esteja avaliando a atual tendência para cima ou para baixo, porque essa tendência está mostrando fraqueza.

Não há suficiente impulso para cima ou para baixo para que tenhamos confiança na tendência de alta ou tendência de baixa continuando, então é hora de pensar em sair e, talvez, usar uma estratégia de negociação baseada em escala em vez disso.

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7.5 DBBs - 4 Regras, Regra 4.

Esta lição revisa a Regra 4 das regras da estratégia de negociação da DBB. A Regra 4 tenta reduzir o risco de comprar no topo ou vender no fundo, que vem acompanhando uma tendência forte que já fez progressos significativos e pode estar se aproximando de uma grande resistência ou (se tiver quebrado passado de altos ou baixos históricos) exaustão.

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Aviso de Risco: A FX Academy não será responsável por qualquer perda ou dano resultante da dependência das informações contidas neste site, incluindo notícias de mercado, análises, sinais comerciais e avaliações de corretores Forex. Os dados contidos neste site não são necessariamente em tempo real nem precisos, e as análises são as opiniões do autor e não representam as recomendações da FX Academy ou seus funcionários. O comércio de moeda na margem envolve alto risco e não é adequado para todos os investidores. Como as perdas de produtos alavancadas podem exceder os depósitos iniciais e o capital está em risco. Antes de decidir trocar Forex ou qualquer outro instrumento financeiro, você deve considerar cuidadosamente seus objetivos de investimento, nível de experiência e apetite de risco.

O que é uma estratégia Bollinger Bands®?

Uma estratégia de Bollinger Bands é usada principalmente como uma ferramenta para aproveitar os mercados laterais. Os mercados laterais são desafiadores para os comerciantes que tendem a fazer melhor nos mercados de tendências, onde os comerciantes são simplesmente recompensados ​​por estar no lado direito da tendência. Nesses ambientes, os comerciantes estão melhores que comprar fuga ou vender avarias e manter até a tendência ser violada.

A maioria das estratégias de negociação são otimizadas para esses mercados. Em contrapartida, uma estratégia de Bandas de Bollinger dupla é ideal para mercados paralelos em que as fugas e avarias são propensas a reversão. Nos mercados paralelos, o tempo é mais importante e os comerciantes precisam ter metas de lucros mais modestas. Os comerciantes de curto prazo que estão cientes do ambiente de mercado tendem a fazer bem nesse ambiente. Esses mercados podem ser frustrantes para os comerciantes que estão usando estratégias projetadas para mercados de tendências. Bollinger Bands são um limite inferior e superior derivado de uma média móvel simples com base em um desvio padrão específico.

Bollinger Band Spreads.

A estratégia de Bandas Bollinger duplas é construída sobrepondo uma Banda de Bollinger no gráfico com uma configuração na média móvel de 20 dias com um desvio padrão de 1. Outra Banda de Bollinger no mesmo período de tempo é superada com um desvio padrão de 2. Isso basicamente, cria um spread entre as bandas, criando perdas de parada e metas de lucro para o comerciante.

Os comerciantes usam o spread entre os desvios-padrão como pontos de entrada e saída. Uma cruz acima do primeiro desvio padrão é um sinal de compra com uma meta de lucro no segundo desvio padrão. O primeiro desvio padrão torna-se o ponto de parada-perda. Uma cruz abaixo do primeiro desvio padrão é um sinal curto com o objetivo de lucro na faixa inferior do desvio padrão. Novamente, uma ruptura acima do primeiro desvio padrão pára o comércio.

Double Bollinger Bands Strategy para negociar Forex.

Double Bollinger Bands Strategy é uma estratégia de negociação mecânica. Isso significa que não precisa de análise e interpenetração para decidir se a configuração de troca formada é forte o suficiente para entrar no mercado, ou é fraco e você melhor ignorá-lo e esperar por um melhor. É preto ou branco. Isso significa que uma configuração de comércio é formada, o que significa que você deve entrar no mercado, ou não há nenhuma configuração de comércio.

Esse sistema de negociação mecânica é bom para aqueles que não têm paciência e conhecimento para analisar os mercados e localizar as configurações comerciais com base na análise técnica ou nos sinais de candelabro. Apenas lhes diz para entrar em um mercado ou ficar fora. Portanto, às vezes pode ter uma taxa de sucesso muito baixa, especialmente em alguns meses, porque as condições dos mercados mudam e um sistema de negociação mecânica não pode ser usado como ferramenta confiável para negociar qualquer mercado a qualquer momento. Isto é o que você deve observar se quiser usar esses sistemas de negociação.

A razão pela qual estou compartilhando este sistema aqui é que algumas pessoas sempre perguntam sobre isso. Este sistema foi introduzido para comerciantes de Forex como um sistema de negociação final que ganha dinheiro para eles consistentemente. Eu só quero esclarecer que não é o Santo Graal, e porque é mecânico, pode gerar perdas consecutivas às vezes.

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Qual é a estratégia de negociação de Bandas Bollinger?

Esta estratégia de negociação que se chama & # 8220; Double Bollinger Bands & # 8221; ou DBB, é muito simples, porque, embora você use castiçais neste sistema, você não precisa se preocupar com os padrões do candelabro. Você não deve conhecer os padrões de castiçal fracos e fortes e diferenciá-los uns dos outros. Você não precisa saber nada sobre análise técnica e outras técnicas complicadas.

Apesar de tal simplicidade, este sistema comercial pode gerar mais configurações de comércio, enquanto você não precisa gastar mais tempo no computador. Você apenas verifica os gráficos diários por alguns minutos por dia, se houver configurações de comércio com base neste sistema, você toma as posições, defina a parada de perda e as ordens de destino, e volte no dia seguinte. Então, este sistema de comércio é bom para quem gosta de tomar algumas posições todos os dias e não pode lidar com um dia ou alguns dias sem ter uma configuração comercial. No entanto, você deve considerar fortemente que ter mais configurações comerciais e assumir mais posições não significa necessariamente mais lucro. Na maioria dos casos, significa mais perdas.

Você não deve gastar tempo extra e energia para seguir este sistema. Você não deve gerenciar suas posições também. É um sistema de negociação completamente mecânico, o que significa que é branco ou preto, e não precisa de qualquer análise e interpretação. Há uma configuração comercial no gráfico, então você leva sua posição, ou não há configuração de troca, e então você verifica o gráfico no dia seguinte. Você não precisa analisar e consultar diferentes prazos, indicadores, linhas e & # 8230; para decidir se você deve ir para a configuração de comércio ou você deve ignorá-lo porque não é uma configuração de comércio forte. Não é assim. Existem apenas duas condições: (1) há uma configuração de troca formada no gráfico, para que você a tome, e (2) não há configuração de comércio no gráfico, para que você verifique novamente no dia seguinte. Ele não leva mais de alguns segundos para verificar cada gráfico e ver se existe alguma configuração comercial já formada ou não.

Como funciona a estratégia Double Bollinger Bands?

Tudo o que você precisa fazer é adicionar dois conjuntos de indicadores Bollinger. É por isso que este sistema de negociação é chamado de & # 8220; Bollinger Bands Trading Strategy & # 8221 ;.

Use as configurações padrão para as primeiras Bandas Bollinger:

Neste artigo, eu me refiro a este indicador Bollinger Bands como BB2, porque seus desvios são definidos para 2.

Os desvio & # 8220; & # 8221; do segundo indicador do BB, deve ser configurado para 1:

Neste artigo, eu me refiro a esses indicadores Bollinger Bands como BB1, porque seus desvios são definidos como 1.

Portanto, a única diferença dessas duas Bandas Bollinger está nas configurações de desvios. O primeiro está definido para 2 e o segundo está definido para 1.

Isso é tudo o que você tem que ter em seus gráficos. Depois de adicionar os indicadores BB, seu gráfico deve ser assim:

O BB externo tem as configurações padrão e seus desvios são definidos para 2. O BB interno é aquele em que seus desvios é definido como 1. A Banda Médio Bollinger será a mesma, porque as configurações de desvio não têm nada a ver com isso. É claro que, neste sistema comercial, não usamos a Banda Meia Bollinger. Nós só usamos isso para manter as posições para maximizar nosso lucro, mas não tem nenhum papel na formação das configurações comerciais e na tomada de posições.

A Estratégia de Negociação de Bandas Duplas de Bollinger é boa para negociar as tendências, bem como os mercados variáveis ​​e paralelizados.

Veja como as configurações de comércio se baseiam na Estratégia de Negociação de Bandas de Double Bollinger:

Long Trade Setups:

Para ir longo (para comprar), você precisa esperar por um dos candelabros para fechar acima da banda superior BB1. Então você deve verificar os dois castiçais anteriores para ver se seus preços próximos estão abaixo da banda superior BB1 ou não. Se assim for, você tem uma configuração de comércio longo (sinal de compra). Por favor, veja o gráfico abaixo. É o gráfico diário USD / JPY. Como você vê, o castiçal # 3 está fechado acima da banda superior BB1 e, ao mesmo tempo, os dois castiçais anteriores (# 1 e # 2) estão fechados logo abaixo da banda superior BB1. Esta é uma configuração de troca longa. Isso significa que você deve comprar perto do candelabro # 3:

A parada de perda deve ser ajustada ao preço baixo do castiçal que perfurou a banda superior do BB1 (quero dizer, o candelabro # 3), e o alvo pode ser pelo menos duas vezes o tamanho da perda de parada (2 x SL). Você pode mover a perda de parada para o ponto de equilíbrio se o preço se mover de acordo com a configuração comercial para 1 x SL. Por exemplo, quando sua perda de parada é de 60 pips, então você pode mover a perda de parada para o ponto de equilíbrio se o preço subir para 60 pips. Claro que vou lhe dizer como seguir o preço para maximizar o lucro no caso de você não querer sair com um alvo de 2 x SL.

Aqui está outro exemplo de uma configuração de comércio longo:

Outro exemplo de uma configuração comercial longa no gráfico diário EUR / USD:

Às vezes, o castiçal # 3 não só quebra acima da banda superior BB1, mas também atinge a banda superior BB2 também. Isso acontece quando a segurança está sendo forte:

Isso também ocorre quando há uma forte tendência de alta e ainda não estamos em:

Nota: Quando o castiçal # 3 é muito longo, você pode definir a perda de paragem acima do preço baixo, para não ter uma perda de parada muito ampla.

Configurações de curto comércio:

Para curtir (para vender), você precisa esperar por um dos candelabros para fechar abaixo da banda inferior do BB1. Então você deve verificar os dois castiçais anteriores para ver se seus preços próximos estão acima da banda baixa do BB1 ou não. Se assim for, você tem uma configuração de troca curta (sinal de venda), e você pode ficar curto (vender) no fechamento do castiçal que se quebrou abaixo da banda inferior BB1.

O castiçal # 3 no gráfico abaixo fechou abaixo da banda baixa do BB1 enquanto os castiçais # 1 e # 2 fecharam acima dele. Esta é uma configuração de troca curta. Como as longas configurações de comércio, a perda de parada deve ser ajustada ao preço alto do castiçal # 3 e o alvo pode ser pelo menos duas vezes do tamanho da perda de parada (2 x SL). Você pode mover a perda de parada para o ponto de equilíbrio se o preço cair para 1 x SL.

Como maximizar seu lucro?

Como expliquei acima, este sistema de comércio é bom para recuperar as tendências. Portanto, você melhor aproveitará os movimentos fortes e maximizará seu lucro.

Quando há uma configuração de comércio forte, você também pode ter duas posições com a mesma perda de parada, quando há uma configuração comercial baseada no sistema de negociação de Bandas de Bollinger Duplo. Defina um alvo de 2 x SL para a primeira posição e nenhum alvo para o segundo. Se a primeira posição atinge o alvo, mova a posição de parada do segundo lugar para o ponto de equilíbrio e segure-o.

No caso de uma posição longa, segure a segunda posição enquanto os castiçais se formarem entre as faixas superiores BB1 e BB2, ou acima da Banda Meia Bollinger. Feche a segunda posição quando os castiçais começam a cruzar as faixas superiores do BB1, ou quando um dos candelabros se rompe abaixo da Banda Meia Bollinger:

No caso de uma posição curta, segure a segunda posição enquanto os castiçais se formarem entre as faixas inferiores BB1 e BB2, ou abaixo da Banda Meia Bollinger. Feche a segunda posição quando candelabros começam a cruzar as faixas inferiores BB1 e BB2, ou quando um dos candelabros quebrar acima da banda média Bollinger:

Claro, os mercados não são tendências o tempo todo. Na verdade, eles tendem a 30% do tempo. Isso significa que você não deve esperar fazer centenas de pips de cada configuração de troca. Você pode percorrer o stop loss se quiser. Por exemplo, quando sua perda de parada inicial é de 80 pips, você pode mover sua perda de parada ainda mais por cada 80 pips que ele se move de acordo.

Qual Time Frame?

O Double Bollinger Bands Trading Strategy funciona em todos os cronogramas, mas eu uso isso nos intervalos de tempo diários e mais longos, porque é mais fácil, mais seguro e mais lucrativo. Nunca pense que você ganhará mais lucro se você aplicar este sistema de negociação em gráficos de 5min ou 15min. Negociar os prazos mais curtos não é senão dor de cabeça e você não ganhará mais lucro.

Eu gasto cerca de 15-30 minutos checando os gráficos todos os dias, mas sou mais rentável do que os comerciantes do dia que se sentam no computador por várias horas por dia, todos os dias.

Junte-se aos nossos 23 mil seguidores leais agora e receba nosso E-Book gratuitamente!

+ Clique aqui para saber quem somos e por que este site foi criado.

Sua estratégia parece ótima, eu gosto que eu possa usar isso com a estratégia de Chris juntos. Obrigado 😉

Eu leio seu artigo novamente, e eu gostaria de lhe fazer uma pergunta, existem regras específicas para os mercados variados e laterais?

Não. É o mesmo com tendências e mercados variados.

Parece um sistema muito simples e sem estresse. Provavelmente vou tentar isso. Muito Obrigado!

bem-vindo Kamal. Adoro artigos junto com Chris. Você é sempre interessante. O próprio Chris diz que "Kamal é complicado", como o comércio no meio do BB é # 8221;

Ótimo artigo! Sistema comercial inteiro em uma página com palavras fáceis & # 8230 ;. Muito útil para iniciantes como eu. Eu aumentarei meu investimento usando essa estratégia. Começará a seguir esta estratégia desde o início da próxima semana.

Muito obrigado pelo seu excelente artigo & # 8230 ;. 😀

Obrigado por este artigo, Kamel e Deus te abençoem.

Obrigado, Kamel.

Obrigado Kamel, parece interessante e simples. Não há nenhum recurso para a banda média BB2 nesta estratégia?

Olá Kamel & # 8230; obrigado por mais um outro artigo de abertura de olho ... eu tenho uma solicitação Kamel, por favor, não fique muito tempo sem escrever algo para nós e # 8230; vocês são excepcionais!

Obrigado Kamal por compartilhar.

Onde posso encontrar o sistema de comércio Chris?

por favor me dê um link.

obrigado chris.

obrigado chris.

Fico feliz em vê-lo de volta Kamel. Obrigado por compartilhar este & # 8211; parece ótimo!

Eu usei isso com ótimos resultados. Eu adiciono um terceiro BB com um desvio de 3. Ele atua como um suporte muito forte e níveis de resistência.

Obrigado pelo seu comentário e bem-vindo ao LuckScout 🙂

Sistema de negociação de banda tripla de bollinger. 😀 lol.

Oi Kamel obrigado por um excelente artigo como sempre. No entanto, tenho uma pergunta:

Em uma tendência de alta, se sua vela # 3 fecha acima do BB1 e as velas # 1 e # 2 fechadas abaixo do BMB, isso afetará a configuração comercial?

Sim. Não será a configuração comercial típica que eu gosto de tomar.

Só tive que agradecer por um novo sistema de comércio. Eu vou dar uma chance.

Muito bom para vê-lo de volta. Há duas coisas que fazem questão aqui:

q1: de acordo com esta nova estratégia de negociação, no gráfico diário USD / JPY (AO FIM DO ARTIGO), podemos ficar muito perto (3) por causa de uma forma branca de castiçal forte e sair da banda superior BB1 e dois castiçais anteriores fechados abaixo da banda superior BB1.

q2: o mesmo que acima, devemos vender abaixo da posição (4) por causa da formação de uma vara de filhós a estrela que faz a banda baixa BB1 e duas velas anteriores que fecharam a banda inferior superior BB1. porque não aconteceu e você não se baseou em uma nova estratégia.

Obrigado pela resposta.

Oi Behnam. Desculpe, mas não entendi qual é a sua pergunta.

Oi Kamel, Muito obrigado por você por compartilhar seu sistema de negociação simples, Deus abençoe todos vocês, apenas uma questão & # 8230 ;.que pares são melhores para serem negociados por este sistema?

Todos os pares listados aqui:

Oi Kamel / Chris.

Kamal & # 8211; Obrigado pelo que parece uma ótima estratégia e # 8211; e obrigado Chris por Kamel.

Kamel & # 8211; por favor, olhe para a vela EURUSD para 2018-10-30 e # 8211; se isso fosse trocado, (e parece estar de acordo com o sistema # 8211, exceto que a vela 1 fechou abaixo do BMB), então seria interrompido # 8211; você poderia avisar o que você faria? & # 8211; o movimento foi potencialmente um poderoso (320Pips para o primeiro ponto de saída da ordem aberta) e correu entre as bandas BB2 & amp; BB1.

Olá Peter. Acho que a data do castiçal deve ser diferente do que você mencionou. Por favor verifique e me avise.

Obrigado pela sua atenção & # 8211; você está certo & # 8211; Eu tive a data e o par errado # 8211; foi a vela 2018-10-30 no gráfico diário USDJPY e # 8211; obrigado por olhar para isso.

Sim, esse é um bom exemplo de uma configuração longa.

But it would clearly get stopped out by the 2018/11/07 candle (even so the 2 x profit target may have scraped in) – as it would be stopped.

I was wondering how you would handle it – if you had had this trade on?

Would you just let the stop happen?

And then would you consider a re-entry based on the size of the 2018/11/08 candle plus the close of the 2018/11/06 candle being practically on the BB1 line?

OR would this revert to a possible BMB continuation entry condition?

It is a very interesting group of candles – in view of the rules.

Desculpa. If you mean 2018.10.30 candlestick on USD/JPY I would not take it because 2018.10.28 candlestick closed below BMB. Compare this with 2018.07.29 trade setup on USD/JPY daily chart, and you will see what I mean.

Thank you Kamel – I see –

the move strength of the 2018-10-30 setup was weakened by candle 1 not making the “close under upper BB1 rule” & # 8211; the move started but due to a weak setup, lost motion and handed back control to the bears. Looking at it again, I see that bullish control only came in suddenly with the 2018/11/08 candle – but without a DBB set up.

However, the 2018-07-29 setup was a strong enough setup to make 3 x stop – and even though control was given back to the bears – the candles were mostly small doji’s or bearish with longer lower shadows – all indicating that stronger bullish pressure was afoot.

And this can be then seen with the 19 August 2018 DBB set up, which maintained bullish control, going on to make 595pips (for the second open order) until the first exit point – a ‘close below upper BB1’ in accordance with the rules.

Thank you I see.

Você é bem vindo.

First, my regards to Chris, Initially, i found it hard to understand the morale of this wonderful community, but now i realized it is simple ‘BEST THINGS IN LIFE ARE FREE’.

To Kamel and Chris, please stay alive guys, we need you here.

Obrigado pelo seu comentário e bem-vindo ao LuckScout 🙂

God bless you with this an eye opening and the regards you have for Chris!

For giving such a huge strategy free without taking a dime God will replenish you with wisdom and knowledge like he did to Solomon.

And to Chris, More grease to your elbow and wishing you the best life can offer.

We all your fans appreciate you and wish you good health and prosperity.

from Abeokuta Ogun State Nigeria.

Obrigado. Same nice wishes to you and your family too 🙂

Thanks for the kind sharing. is it necessary to have three candlesticks for the setup? What if there will only be two candlestick before the setup, will that setup still be a valid one?

I can work, but experience shows that this system returns the best result the way I explained above.

Thanks a lot Kamel.

Would you please advised if the pair EUR/AUD just closed last week on 2018.10.24 on a Daily chart.

I noticed candlestick on 2018.10.24 closed below Lower BB1 and two subsequent candlestick before 2018.10.24 , closed above Lower BB1. Hence, is this a valid Bearish (sell) setup?

Thank you very much of your introduction of another enhance setup!

Candlestick 2018.10.24 is not closed below Lower BB1. This is not a short setup at all.

dear kamel how to use this stratagey in sideways and ranging markets as you have mentioned above in your article.

Exactly the same rules have to be applied to the ranging market. When a setup forms we don’t know if the market keeps on ranging or we are at the beginning of a strong trend. We take the setup, and move the SL to breakeven on time. Then we sit back and watch. Time will tell if we will have a trend, or the price will turn around and stay in the range zone.

Thank you for sharing this with us. You guys are awesome people. I am new to these, did a lot of wrong things, hence have not been profitable yet. However, you guys gave me hope and the believe that all is going to be ok. I am addicted to Chris’s post every day and the comments very informative too.

Than you Tan. Welcome 🙂

Thank you and welcome to LuckScout 🙂

dear Kamel is it must to have two candels closed below the BB1 . If # 1 candel is closing below the MB, # 2 candel is closing just below the BB1 in an uptrend . and the #3 candel is closing above the BB1 . will it be valid trade setup to trade long .

Hey Vinod, It is still a setup, but you’d better to go for the typical setups I explained above. Let’s keep it as simple as possible and not to have too many exceptions and extra rules.

Hi Kamel, Great article. Boa estratégia. Bem vindo de volta. Would like your daily post.

Hi Kamel, Thank you for sharing his. It’s a great way for entering a trending market without having to wait for a typical strong set up.

For learning to identify the setup validity. Is the pair GBPCHF on monthly closed candlestick on 2018.05.01(closed above BB1) with previous 2 candlestick 2018.04.01 and 2018.03.01 (both closed below BB1) , as a valid BULLISH(Buy) setup ?

Apology, I did not indicated properly of previous GBPCHF monthly chart. It should all at UpperBB1.

Another pair for learning again. AUDCHF weekly chart. Candlestick closed on 2018.10.05 was below LowerBB1. 2 candlestick before (2018.09.28 & 2018.09.21) closed above LowerBB1. So, is these a valid SHORT setup ?

Thank you for your time and valuable effort, appreciate very much.

2018.10.05 candlestick on AUDCHF weekly, is a short setup.

Dear Chris and KAMEL.

Thank you kamel for a very brilliant post. I’m so proud and pleased to be associated with such loving and kind hearted people like you. Please never stop writing to us. I read these posts with the greatest of pleasures!

Could you gentlemen kindly explain the BB head fake to me and how it might be involved in ‘our’ beautiful trading system? I just would like to hear how you gentlemen explain this phenomenon.

Aguardo sua resposta.

Once again, Kamel… Obrigado! From the very bottom of my heart. I wish you both long and continued success in everything you do.

Boy! Aren’t we all just so lucky to have these guys guide and care for us. I know I am. Obrigado.

Chris & amp; Kamel… Stay well and take good care of yourselves for our sake.

Thank you for your comment and kind words.

I don’t think that BB head fake can make serious problems for us. We have to be aware that our stop loss can be triggered sometimes with any trading system we follow. In case of BB head fake, in most cases it can not affect our positions, because we move our stop loss to breakeven as soon as the price moves for 1SL toward the target.

Hi Chris & Kamel.

Once again Thank You.

question on the AUDCAD daily chart 2018-10-24 candle – currently in Chris’s system we are short – the current candle looks ominous against the trade and this is also now a long set up under Kamel’s system?

No, it is not a long setup. 2018.10.24 candlestick is closed below BB1 upper band.

Hi Kamel – thank you for answering – I am sorry to have wasted your time – I did not check MT4 platform – I used a candle from my brokers data (not MT4) which had the daily 2018/10/24 candle closing the high at 0.9850 which is above the BB1. Hence my concern. Sorry to waste your time - However, I did not waste mine as it has shown me to be more careful and always check MT4 – closing times obviously have a considerable impact and it reinforces what Chris says – “until the candle closes …. we do not know where it will finish”. In this case I happened to be watching at 10mins to close and the price was equally performing on both MT4 and my other platform. I am very surprised and a bit confused at this revelation.

Olá Peter. You did not waste my time at all. I will be happy to help. The daily candlestick close time is very important. Any platform you use, make sure that daily candlesticks close at 5pm est.

The W1 of EURAUD closed above BB1 on 2018.10.12 so we go long on 2018.10.19 (W1) and this SL triggered?

Sim. Your SL will be triggered sometimes. Esta é a única coisa que posso garantir.

re stop loss triggered sometimes – & # 8221; this is the only thing I can guarantee ” This has to be the most honest thing I have ever heard from a mentor of trading. Perfeito! And as Chris says – nothing is sure in anything – The old saying ‘ its as sure as a Suisse Bank ‘ was even stopped out. I’m not sure if the watches still hold up though?

Olá Peter. Obrigado. Trading is nothing but taking risks. Where the price will move when we enter is what we really don’t know. The only thing we can do is limiting our risks and losses. There is no doubt that our stop loss will be triggered sometimes. This is what we can not do anything about. Something that makes us profitable at the end of the month is that we enter properly, make our losses small, and our gains big. If so, and if we trade the way I explained above, even if we win 51% of the time, we will end up the month with profit.

And the AUDJPY W1 2018.10.12 short trade still valid?

If so it’s against with Mr. Christ set up?

Chris reported a short trade setup formed by 2018.09.07 candlestick on the weekly chart.

Is it still valid after closed W1 with strong bull candle 2018.10.19 (after a doji 2018.10.12)?

Hi David, The only short trade setup on AUD/JPY was formed by 2018.09.07 candlestick and reported by Chris on 2018.09.14 here: https://luckscout/strong-trade-setups-carnival/

There is no short trade setup on 2018.10.12. Actually a long trade setup is formed by 2018.10.12 and 2018.10.19 candlesticks.

I would like to say Thank you for your new method. Its very kind of you sharing with us. Anyway I have a question regarding your new system. In spite of opening the new trade( either long or short), does the 3rd candlestick have to be a long candle stick? Can it be a short one? Also, in case of the 3rd candle stick breaking the BB2 with very long bullish or bearish candle stick, is it still the right time to go long or short? Will it be effective?

Você é bem vindo.

1. No, it doesn’t have to be a long candlestick.

2. It will be riskier. I don’t take it.

Is this method (DBB) still valid as bb is squeezing? Does it have to be applied while BB is expanding?

Can the 3rd candlestick be closed in other forms than full bullish or bearish form? Is it still valid if the 3rd is closed as a doji?

The candlestick close price is important. In this system we don’t care about the candlestick form.

You can use it whenever you see a trade setup as described above.

your article about candlesticks shadows was one of the best articles i have ever read about. thanks for you good articles.

i have one question. usually a good Long trade setup formed when candlesticks break Bollinger lower band. i mean a good uptrend usually start from Bollinger lower band and go up to Bollinger upper band. in this method we lost half way of an uptrend.

am i right or i misunderstood the method?

obrigado novamente.

Yes, you are right. In DBB system, we ride the trend when it has already formed and moved sometimes for several candlesticks. But the good thing is that we ride the trend when it is almost proven that a trend is started.

With this trategy, if the stop loss get triggered, do we re-enter or we just wait for the next one?

Hi Abbas. We will have to wait for another setup.

Nice and simple trade system! In regards to your exit/SL, do you typically trail your SL or just wait for the candle to cross back over the BMB/BB1 to exit? You mentioned both options but it appears that you prefer to wait for the cross back rather than trailing the stop. I guess waiting for the cross back allows for the bigger trend runs but the trailing stop prevents you loosing your profit if a trend doesn’t happen.

Ola daniel. I sometimes move my SL further, but I don’t take it too close to the market movements to give enough room for the price fluctuations.

Thank you so much for your effort.

Could you tell me the candlesticks (#1 and #2) are MUST closed between BB1 and BB Middle Band or they just need close anywhere above/below BB Middle Band?

It is better if they close between BB1 and BMB, like the examples I showed you above. It would better if candles #1 and #2 close right below BB1 upper band in case of long, and above BB1 lower band in case of short trade setups. This is the typical trade setup.

Thanks a lot for the great strategy, it looks good.. But, are there any special tips or tricks for this strategy? I tried to do this strategy with 4H timeframe on multiple pairs but I got more losses than gains..

There is no tips and tricks. It is as simple as it is explained above. Trade the daily, weekly and monthly time frames using this strategy and look for the trade setups exactly as it is explained above. You will have a lot more gains than losses.

I have read all your articles. They are brilliant. I am glad that you are writing and generously share more awesome knowledge again.

I have one question about the DBB. I would to know the logic behind this trade set up. It would be very useful to understand the mechanism of how the price react to it. This is not I don’t believe your trade set up . I feel this is another effective trade set up and yet very simple which accounts for both statistics and the market psychology, thus I would like to know it better in details.

I understand that 1SD and 2SD can be interpreted as probability under normal distribution, 68% and 95% with regard to the price’s volatility.

So, does it mean that while the price move within the range of midBB and BB1 (normal market), and then suddenly the price pierce through the BB1 (go out of the range 68% confident interval, 1SD) indicates that the bull start to gain power and take control of the bear?

Do I understand it correctly? Please correct me.

About the logic behind this strategy, honestly I don’t know more than what you explained. This strategy is not invented by me. I initially learned it from Chris and other senior traders, but I used more seriously than the others. I know that there are so many traders who use this strategy.

It’s cool Kamel….. Thank to kamel and Chris for Sharing such a great Trade setups…

Good Luck you all…..

You are welcome Asiri 🙂

Artigo impressionante. Keen to give it a go.

Just a question, I noticed on 2 of your long trade setup examples that either candle 1 or candle 2 were closed above BB1, but you mentioned that we have a setup if these are both closed below BB1. How critical is this?

Thanks in advance for your reply, and also thanks a million times for the unselfish efforts of Chris and yourself in helping us become profitable traders.

You are welcome and thank you too.

Are you sure that candles #1 and #2 are closed above BB1 upper band? Eu não penso assim. Please check one more time.

Also here is more explanations:

thank you so much for your insight guys, i have been a victim of day trading and it does shatter your confidence when you trade smaller time frames…the irony is when i take a short position and then close it because its gone against me, at the end of the trading day, if i had of kept the position with the bias of being short, i would have made a lovely 60 pips, instead i took a loss of 20 pips because my time frame of 15 mins stopped me out…

this stuff you guys teach is priceless…

Thank you for your comment and welcome to LuckScout.

Glad to hear you like our articles.

Thank you for sharing another strategy.

Is it really profitable? Could you please share its characteristics (especially profit factor, possibly loss rate (stop loss hit at its initial place)) based on your experience?

It’s so mechanical that it can be automated relatively easily, and backtest on the daily chart. I will do it as my time allows, and will share my results here.

If one trades exactly as it is explained above, yes it is profitable even if only 51% of the setups hit the 2 x SL target. I have not calculated the profit factor, but it has worked for me for years.

I would be really interested in even a rough indication of how profitable this system has been for you. Like an average of 0-5% per month, 15-20% per month, or somewhere in between?

It would boost my confidence a lot if i knew that someone has used this for years with decent profit.

Oh boy….Hi Kamel. I bet when you and Chris discussed whether or not to share this strategy then Chris probably warned you about all the feedback you would get about this…..lol! It took me 15 minutes just to read this post.

Hey Pete. Obrigado também.

Today I just try your DBB system on GBPUSD H4.. Happy to said it worked.. It hit 2 x SL target (long position).. Next I will try in bigger time frame.. Many thanks to you for your simple technic..

Bom para você. We just reported that trade setup as an example. It is too late to enter now:

Actually I already take position & enter at the right time plus already take the profit.. I will try find more setups in bigger time frame.. Cheers..

Bom para você. We were late.

Really easy and interesting system. Keeping it simple stupid. I really am interested in following the system.

However, I have questions:

1. Following the system, how can we afford consolidations and little trend pull backs?

2. Must candlesticks 1 and 2 form and close under the BB1 or only close under it (Long Setup)?

3. Can you please give us an approximate win rate of this strategy ?

Your system simply super.

Dear Chris & Kamel.

Thanks a million times. Most of the people these type of secrets are sodding very high price. But you are generously helping to willing people.

Jesus Bless you & your family abundantly.

Thank you Alwin 🙂

Hi Alwin. Thank you and welcome to LuckScout 🙂

Kamel I need to test this in demo really enjoy all your articles thanks again mate . Sorry I slow to respond taking a holiday best John.

Hi Kamel and Chris.

Firstly I am new to and and have recently came across your page in the last few days. I wish to thank both of you for sharing with all of us I will be putting this system to work today and will continue to read your articles which I find extremely interesting and simple thank you again guys I hope some day I can be a successful trader.

The double bollinger band if not mistakenly was from Kathy Lien, right?

I would like to know that have you develop the drawdown % for the DDB system?

Many thanks Kamel.

We have been using this system for 15 years. Almost all professional trader know about this system. It is neither invented by us, nor any other known person.

No, I don’t have the drawdown %.

Thanks kamel. The way you reply was so impressed! haha.

I got a doubt on candlestick chart. I found that different brokers provide different trading hours thus it would affect the form of candlestick.

if like that, may i know which is the best timing to follow? GMT-5? GMT+2? or any other?

What server timing your broker offer to you?

Você é bem vindo.

We use GMT+2 platforms.

Hi Kemal , I really love this BB system, its great, but there are just not enough setups in week over 19 pairs for me to trade it full time .. But what you guys are sharing here is really great, thanks you very much . Michael..

Hi..thank you so much for the report. Can you kindly let me know if the close of third candle is above BB1 upperhand and close of previous two candles are below BB1 LOWER hand….what stand I should take.

Thank you so much in advances.

There are clear rules on forming the trade setups. They are explained above. What you mentioned cannot be known as a trade setup.

Just getting clarification on DBB strategy.

This is what was said in the article “To go long (to buy), you have to wait for one of the candlesticks to close above the BB1 upper band. Then you should check the previous two candlesticks to see whether their close prices are below the BB1 upper band or not.”

My question is in a long situation, whether the two prior candlestics (the ones below BB1) need to be bullish candles or can they have their close prices lower than the open prices?

They don’t have to be bullish. The just need to be closed at the right place.

This DBB strategy is really a wonderful trading system! Thank you for sharing with us your wealth of knowledge and systems. 🙂

I’m practicing using the DBB system and had one winning trade already. A good one, Short, GBPJPY 12/16/14, $1106 profit. However, a later trade, Short, NZDUSD after the 12/17/14 candlestick, (Daily chart), closed below lower BB1 with Candles #1 and #2 closing above LBB1, went sour. I interpreted this situation as a Short trade setup since it conformed, as I understand, to the DBB Trading rules. The trade went against me and hit SL after going up rather than down. It’s still going up!

What did I miss in evaluation of the setup.

I’ll appreciate your comments/criticism.

It was not a typical short setup, but still a short setup. Please see the above examples and you will see the difference.

While I sincerely appreciate your mentoring, even as I strive to comprehend the DBB strategy, presently, I am very confused: referencing the USDJPY Daily, the 2018.12.16 candle clearly closed below LBB1 while candles #1 & #2 closed above it. Now, according to the rules in the above article, this should constitute a “Short” configuração de comércio. Yet, as you can see form the chart, price has moved “up”, from the suggested entry point,(close of candle #3), some 2500 pips as of 12/18/14, 0013hrs, UTC.

Could you please help me clarify this confusion.

If you prefer please reply privately to my email.

Kind regards and many thanks for your mentoring.

Hi Jeng , Michael this cool site and saw your here not Kamel , I was just sitting here catching up on some reading and saw your post . If I may answer you ?

They way I would interpret this is , on Daily ,

The candle on 12th did not close below mean the 20 and was a indecision candle spinning top. The candle on the 15th did .

But also, this has been a strong up trend for long time on daily, weekly, and monthly ?

So based on all things, mainly the rules of BB. The candle did not close below the 20 , this is not a sell. Not sure how to give a picture of this anyways ..

Hope that helps .. Michael…

There is never a guarantee where the price will go, even with a perfect trade setup. No trader in the world can predict prices. There are probabilities only.

By picking only the optimal setups, you filter out a lot of bad trades (and some good ones as well, but overall, profitability should increase).

Then there is another article with some more general DBB rules explained further, maybe you’ve already read it: https://luckscout/dbb-trading-system-rules-for-long-and-short-trade-setups/

In your example, candle #2 is good, but candle #1 isn’t, because it closes above the middle band. Also candle #3 closes almost below the lower BB2 which is also not optimal, but still acceptable (these extra rules are explained in the second article i linked. I have just begun to use them myself.

Hi Jeng , I meant to type , This is Michael not Kamel, and was just reading some posts , not sure what happened there in begging of my comment , but the rest of post is straight ..

Is DBB recommended to be traded only on Daily or can we apply it to Weekly and Monthly please? If yes, how exactly do we trade it on Weekly and Monthly?

Yes, DBB can be applied to weekly and monthly time frames. The rules are exactly the same.

Obrigado pela sua resposta. What I actually mean to ask is following the rules on weekly and monthly would require huge stop loss setting and was thinking there could be a way to trade it on daily. So is best to leave it if cannot be traded according to rules?

If your account cannot handle wide stop loss orders, then you’d better to forget about trading the long time frame. Of course, trading the shorter time frames also increase the risk.

hi, thanks for sharing such posts. this is a great and simple method but i tested some recent charts with it and it had some wrong trades too. so how should we reduce the loss trades of this method? look at following pictures for example :

and it should complete more as it doesn’t detect some of great trends.

it is not a rule for every pairs and correct every time but some times it shows huge profits.

Any trading system generates some losses sometimes and cannot be profitable all the time. Also any trading system misses good and strong movements sometimes. Please read my most recent article about this system:

Thank you for sharing this knowledge I’ll be sure to keep this spirit as i grow and become more confident and profitable. I noticed that in some daily chart examples there are five bbs and four in others, is this due to zooming while captured? Obrigado novamente.

Yes, it is because of zooming.

I apologize if my questions have answers in the comment’s I normally try to read the entire page to keep redundant questions off you guys but honestly its late and my batteries is about to die and the power is so i want to get it posted and i value every word on this blessed blog. I noticed in the going short chart examples a cpl had candles one and two closed a little above bb1? The only reason I could think of would be they formed strong patterns like in the bb break out system. obrigado.

I have backtested your strategy, here are my remarks:

& # 8211; first 2 candles doesn’t play role in the strategy and are useless, as they are filtering out many otherwise profitable trades.

& # 8211; using breakeven in this strategy is significantly reducing performance of the trading system.

& # 8211; BB2 is not necessary, doesn’t improve profitability in any way.

Following best backtest results i got is based on the strategy rules:

& # 8211; if previous candle opened below BB1 upperband and closed above BB1 upperband.

& # 8211; stoploss goes below previous candle low.

& # 8211; if previous candle opened above BB1 lowerband and closed below BB1 lowerband.

& # 8211; stoploss goes above previous candle high.

Takeprofit should be set to 8x – 10x (open price – stoploss ) distance.

& # 8211; if previous candle closed below BB1 middleband.

& # 8211; if previous candle closed above BB1 middleband.

EURUSD, backtest 1999 – 2018, starting capital 10000 USD.

1999: 40 [-0.4709 %] -47.0910 (9952.9092)

2000: 37 [13.4727 %] 1340.9209 (11293.8301)

2001: 50 [-16.2283 %] -1832.8000 (9461.0303)

2002: 47 [37.3463 %] 3533.3459 (12994.3760)

2003: 45 [77.4461 %] 10063.6426 (23058.0195)

2004: 50 [6.0964 %] 1405.7102 (24463.7305)

2005: 47 [4.4194 %] 1081.1555 (25544.8867)

2006: 41 [11.6208 %] 2968.5081 (28513.3945)

2007: 46 [15.6369 %] 4458.5991 (32971.9922)

2008: 39 [20.1819 %] 6654.3691 (39626.3594)

2009: 43 [-12.3807 %] -4906.0059 (34720.3516)

2018: 44 [17.1850 %] 5966.6978 (40687.0508)

2018: 48 [5.0655 %] 2060.9893 (42748.0391)

2018: 44 [-7.9236 %] -3387.2031 (39360.8359)

2018: 54 [12.2980 %] 4840.5811 (44201.4180)

2018: 39 [0.2107 %] 93.1342 (44294.5508)

TotalNetProfit (Gross Profit – Gross Loss): 34294.5625 (148142.9375 – 113848.3828)

Maximal drawdown: 23.9278% (5469) [17387.5176, 22856.5977]

Profit factor: 1.3012.

Total trades: 714.

Profitable trades (% of total): 215.0000 (30.1120 %), Average profit: 689.0369, Largest profit: 3856.3274, Average duration: 23.1535 candles.

Breakeven trades (% of total): 0.0000 (0.0000 %)

Losing trades (% of total): 499.0000 (69.8880 %), Average loss: -228.1531, Largest loss: -467.1993, Average duration: 5.1864 candles.

Long Positions (won %): 117.0000 (54.4186 %)

Short Positions (won %): 98.0000 (45.5814 %)

Good that you backtested it.

How much did you risk per trade to get to these results?

How is it going with your modified DBB ?

I am a novice starter and still loosing money :), Thank you very much for this site it is educating me a lot.

I have a question for Kamel in the above article when you mention.

“move the second’s position stop loss to breakeven and hold it.”

I couldn’t understand the breakeven idea .. I mean How? can you please explain further.. or if there is a link that I can look at for detailed explanation ..

Breakeven is the entry price. You can move the stop loss to breakeven when your position is in profit. If so, your position will be closed with no loss if the price goes against you.

Do i understand correctly, you wait until the daily candle closes and at that moment you make a decision? Or is it possible to look at the candles on a different time during the day and act then? For me the daily candles close at 6 in the morning so i would have to wake up early (and yes, if you say it’s necessary, then i will set my alarm clock early 😛 ).

You can use this method on any time frame, but daily and longer time frames return better results because they are stronger.

It is OK if you check the daily chart even at 8 am because usually markets don’t move that much during that two hours.

This is a good news for me too as I have to wake up 3.30AM in the local time.

I found this a bit confusing:

“In case of a long position, hold the second position as long as the candlesticks form between the BB1 and BB2 upper bands, or above the Bollinger Middle Band. Close the second position when candlesticks start crossing the BB1 and BB2 upper bands, or when one of the candlesticks breaks below the Bollinger Middle Band.”

In the first sentence, the “or above the Bollinger Middle Band” seems to suggest that candlesticks between the middle band and BB1 upper band are fine and the position shouldn’t be closed. The second sentence says the opposite? Maybe that paragraph (and the corresponding one about shorts) could be clarified a little.

That was a mistake. It had to be:

Close the second position when candlesticks start crossing the BB1 upper bands…

“Close the second position when candlesticks start crossing the BB1 and BB2 upper bands, or when one of the candlesticks breaks below the Bollinger Middle Band”

Does this rule still apply if this happens between SL and the profit target of the first position?

What i mean: there’s a buy signal and i open two positions. The first one’s target (at 2xSL) is hit, leaving just the second position. The price doesn’t go higher, but instead falls to between the old profit target and the SL (which has now moved to break even) and here candles close below the BB1 upper band (but this is still above break even). Do i follow the rule i quoted, or do i leave the position open until break even is hit or until it goes above the old 2xSL profit target?

Sorry for the wall of text for a single question, but some details are not clear to me.

1. That part is fixed. So now it is: Close the second position when candlesticks start crossing the BB1 upper bands, or when one of the candlesticks breaks below the Bollinger Middle Band…

2. Please look at the below chart and let me know if it is possible to have the scenario you mentioned here on this chart or not:

2. I cannot find the chart where i saw that scenario, but i made an attempt to ‘photoshop’ something together: i. imgur/rDP2wgd. png.

In this situation, would you close the second position, because the most recent candles are closing below BB1, even though you’re below the TP of the first position? What about if the next candle closes below the middle band, but above the B/E?

Yes, I would close the second position.

During my daily round i noticed that i may have been doing something wrong since i started with the DBB strategy (less than a week ago). I was moving the SL of both positions to break even when the price moved 1xSL in my favor. But now that i read the article again (see the quoted text below), i see that i should only move the SL of the first position and that i should not move the SL of the second position until the first position hits TP. Isso é correto? Or does it not matter?

From section “long trade setups”

“You can move the stop loss to breakeven if the price moves according to the trade setup for 1 x SL.”

From section “how to maximize your profit”

“If the first position hits the target, move the second’s position stop loss to breakeven and hold it.”

When the first position hits the TP, you move the SL of the second position to breakeven. If the first position is 1:1 which means its stop loss and target sizes are the same, then when the first position hits the TP it means it has moved for 1xSL.

I’m sorry, i think i haven’t explained myself well enough in my previous comment. The way i interpret the above quoted text is that if the price is at 1.5 x SL (or anywhere between 1 x SL and 2 x SL), then the SL of the first position would have been moved to breakeven, but the SL of the second position has not changed and is still at “-1 x SL”. So at that point you have two different stoplosses, is that correct?

You don’t move the SL of the first position. You move the second position SL when the first position hits the TP.

“You don’t move the SL of the first position.”

Now you lost me, because i really don’t see how i can interpret this part of the article any other way (i use 2 x SL as the target for the first position):

“[…] the target can be at least twice of the stop loss size (2 x SL). You can move the stop loss to breakeven if the price moves according to the trade setup for 1 x SL. For example, when your stop loss is 60 pips, then you can move the stop loss to breakeven if the price goes up for 60 pips.”

In that example, my target would be 120 pips. What i wanted to know was when to move the second position to breakeven. Should i do that when price is at +60 pips ( at the same time i move the SL of the first position) or when it’s at +120 pips (when the first position hits TP).

Again, sorry to take up your valuable time, i realize you must be very busy between writing all these wonderful articles and answering questions from other people. It’s just that i want to be 100% sure about the rules. If i’m doing something wrong, I’d rather find out now than in 6 months.

The strategy is already working nicely on my demo account, GBPNZD made a nice dive today 🙂

Sorry for my confusion. The above article is written by Kamel and that is his strategy. I don’t move the first positions stop loss to breakeven.

Glad to hear you have been doing good so far.

Not really sure, what you don’t understand on this simple strategy. Just read it multiple times and watch examples from authors. Only valid questions on them are, if they backtested their strategy and what’s the success ratio and average win/average loss ration.

I have simplified this strategy to maximal extent and even increased the profitability and proved it in backtest. So if the original strategy is too complicated to you, you can use the rules i have posted above.

It’s an amazing strategy that only very few generous-minded people dare to share.

Can I know what percentage you earn monthly/annually by applying this strategy?

I think that can tell us more about its success rate.

It is impossible to answer this question, because markets behave differently every month. Please read the below comments. Some trader have back-tested this system and published the results on this page.

Thanks for your article i have read all the article and it is very good for daily time frame trading…

can you tell me how to download Double bolinger Band….

looking forward for your positive and prompt reply…

Você é bem vindo.

You don’t have to download anything. You should add two Bollinger Bands to the same chart. One of them with the default settings and the other one with Deviation=1.

It seems to me that the trade is setup today at the euro/usd.

Obrigado pelo artigo.

Bem-vindo ao LuckScout.

A long trade setup on EUR/USD daily chart?

Thanks for the welcome and the wonderful site you got.

Yes indeed that is what I meant.

I am desperate that you did not answer my question on Mar 5, 2018 on this same thread. Meanwhile you keep on responding on others’ comentários.

Me desculpe por isso. I just answered that comment.

Is the opposite direction for the DBB setups also “true”/likely to succeed for often than fail?

Example for a downtrend:

& # 8211; two candles close between BB1 upper band and BB2 upper band.

& # 8211; one candle closes bearish below the BB1 upper band but above the middle band to make it stronger.

I can see exactly that in the gold chart right now, but maybe it’s a coincidence, because of the 1200 USD psychological mark.

Please upload an example to tinypic and share the URL here, so that I can see what you mean exactly. Obrigado.

What I mean is technically a “reversed DBB setup” so from the top to the bottom.

The typically DBB setup:

& # 8211; we have two candles between the middle band and bb1 band for a strong setup.

& # 8211; we have one candle closing above bb1.

The idea (screenshot):

& # 8211; we have two candles between the bb2 upper band and the bb1 upper band.

& # 8211; we have one candle closing below the bb1 lower band.

& # 8211; in the screenshot the two candles are the gravestone doji and the bearish candle touching the purple line, which is a 50 SMA.

& # 8211; the third candle closes below bb1 upper band.

I guess it’s a coincidence and not a setup. Today’s candle shows me that it’s retesting the 50 SMA, so I assume the reason we went down was the 50 SMA.

Obrigado por compartilhar isso. Hope you don’t mind if I say I have no comment on this. It has to be back-tested to see how it has worked in the past.

I’ve just seen the last gold bearish candle also closed below the 50 SMA, that might also be the reason…

I am appreciate to find this site as I am novice in trading and thank you and your friends for such huge support, almost read all 5 steps and trying follow your points. I am at stage of analyzing and practicing, so I have question: USD/JPY daily 11.02.2018 long bearish candle formed engulfing pattern, strong breaking upper BB, from everything what I read here, it is strong short setup, but price went up, what was confirmed by DBB strategy with 14-15-16.02.2018. May I know what did I miss?

Thank you for your attantion.

1. We don’t take the short trade setups that the participant candlestick has a considerable lower shadow in it. The 2018.02.12 candlestick has a too long lower shadow.

2. Sometimes even the best and strongest setups hit the stop loss. You have to be prepared for it.

It is unbelievable what you do here guys! I am just overwhelmed.

I really hope that you receieve as much as you give because you deserve it.

Have you ever check what is the winning rate for this strategy? It looks so simple to follow and yet effective.

One more time, Thank you so much for the great work.

I haven’t done that, but if you check the above comments, you will see that some other LuckScout members have done it and shared the result.

This is such a great strategy for us working stiffs thank you Kamel for sharing.

Thank you for sharing a system so effective and simple with all of us and for free.

I just stumbled across your free system online, since I just completed a very similar daily system myself and looked for ideas to finally make it work.

I created one with a quite similar idea to catch trends in the beginning. Since I did not know a better way, I based mine on moving averages and candlesticks but I find your approach with two sets of Bollinger bands a whole lot more comfortable and precise than MAs alone could be. So your way to keep things simple is just incredible to me.

I plan to apply that system as soon as possible. First I need to refund my account, because I let mine be torn down by a lot of mistakes Chris identified in his article about greed. So I hope to do better in the future.

You and Chris are incredible, unselfishly educating people with true wisdom and encouragement.

My ultimate goal is to be able one day to give wisdom for other people to prosper just the way you guys do.

I am truly greatful and will keep reading your stuff and learn and master everything you share.

Greetings from Germany.

Thank You very much for simple and impressive.

Chris and Kamel, You guys are geniuses!:)

All best to You!

So, can I use it to trade the continuation signals when I’m not sure about the reversal patterns?

You can trade when a trade setup forms. There is no other rule.

Thank you Chris and Kamal. Testing DBB on demo. Looks very promising.

Thank you Kamel and Chris.

This trading system is simple and effective. Just started back-testing it and collecting the information on other articles and your comments.

Would you please tell us that the article about making the first 100000$ applies to this strategy or not?

Hi Kamel, thanks for sharing this system. Just some quick questions:

& # 8211; how long have you been trading it for?

& # 8211; Are the results in terms of achievable monthly return, similar to the main candlestick + bollinger system?

I am somewhat new to technical analysis in general, so I was thinking of trying this system alone because it is simpler and seeing if I can handle it alone, without using the main system.

Chris what happened to Kamel. Many days have passed since I last saw Kamel articles last in this site. I hope to get something new from Kamel.

He is doing good and is following us always, but he doesn’t feel like writing. He is the typical example of a lazy trader 🙂

Hmm I agree perfectly with u on this point of view. Kamel, show Chris that you are not lazy so that we can see something new articles from u. 🙂

hi kamel, DBBs is not working in my platform?

God bless you for such another great great article.

I need your confirmation, regarding to your example given above, in case of long trade setup, it doesn’t matter if the #1 and #2 candlestick are bullish or bearish. Only the #3 candlestick have to be bullish in case of long trade setup. Estou certo?

Thank you so much Kamel and Chris.

i have studied enough articals on LuckScout, actually all of them starting from 2018. i have found DBB very very simple and easy.

sir my question is that can i use ONLY DBB in my demo untill i learn regular candlestick system.

Sim você pode. Por que não?

Of course, this system is also so simple and doesn’t take more than 30min of your time every week:

You can use it with DBB system.

Are you saying that trading with the stochastic system that you taught us and use it on weekly timeframe, we can be consistently profitable? Obrigado!

If we trade on weekly and monthly, then we need to have bigger account as the stop loss is wide, don’t we?

Please anyone can tell me where can i get this double bollianger bands indicator !

It is explained above. You add 2 Bollinger Bands to each chart. One with default settings. The other one with Dev 1.

Obrigado Chris. Eu vou tentar isso. 🙂

You can add 2 bollinger bands with deviations 1 and 2. If you save this as a template then you can use it again and again easily.

If you save your template with the name “default. tpl” then it will be loaded with all the new charts automatically. This will be easy for you. 🙂

Thank you Chandima. Eu fiz isso. It is easy to use now. Obrigado novamente. 🙂

Isso é incrível!

Thank you Kamal!

that eurcad d1 set up with dbb. It looks like a bread n butter.

can anybody tell me how to use the indicators mentioned in the note above eg singh’s indicator for DBB?

i have the same problem. downloaded both indicators, but DBB_indicator_based_on_Chris_method seems not to work. am i doing anything wrong ?

I cant find the download links either.

what do you want to download? I can help.

Indicators links are at the end of the post. Both downloadable. But one seems not to work… 🙁

All the links work for me.

Oi Cris! Sorry I didn’t explain well… Download links work! But after installing the DBB_indicator_based_on_chris….. it doesn’t work. A blank space appears under the chart and nothing else… I thought it was an EA but it isn’t… Really don’t know why 🙁

Oh, I see. Unfortunately I don’t have to source code of those indicators. I hope those who LuckScout users who developed the indicators make them compatible with the new MT4 build.

Hope it too… I don’t know how to send them a private message… Hope they are reading this… By the way thank you very much Chris!

One that help find strong candles stick patterns please thank you in advance.

thank you so much! i will be trying this strategy on my demo account!

Lovely article. though i had it understood, but so far i understand this should be a good bearish signal.

am i wrong or is it just one of those times.

(the one under the big red arrow to the right)

I don’t see any signal on that chart. Which candlesticks you are talking about?

i have gone through most of this site’s articles since last 15 days and started using DBB method plus daily candlesticks n bollinger method.

i have left almost all indicators and only check daily candlesticks at close. if there is a setup and a confirmation daily candle is there after the first one i place the order after checking support/resistance if any nearby. and secondly if any DBB setup available i go for it. i have installed majid’s indicator and DBB indicator also which are of great help.

my question is that do i need to check anything else before going for trade because i have left RSI stoch and other indicators cuz they are like thousands and every indicator tells a different story. i couldnt cope up with them. plz tell me if anything else needed?

P. S. u guys are amazing trading by your method is much easier.

No, you don’t need anything else. Make sure to read this article:

Hey again Chris.

well its around the 18/7-15 on eur/jpy daily market.. i dont know if you can see the link i have set up.

all signals are bearish, 2 candlesticks over DBB1 lower and candlestick 3 under DBB1 lower.. would love if u can check out the link and see where im wrong, since only thing i can see is im maybe trading against the market? :S..

Yes, I see a short trade setup based on DBB around that area. Of course there is no 2018.07.18 candlestick on the daily chart, because 18th was weekend. Please mark the trade setup somehow so I can see what setup mean exactly. Obrigado.

Hope you are really doing great,

What could have been the reason for the two consecutive trade set-up failing to hit the target.

On Eur/Jpy 17th July 2018, I have followed you up mentioned something to do with weekend, what exactly do you mean here?…

and then on 28th July 2018 Eur/jpy also did not hit the turget. Do you have a special explanation for not trading this set-up or was it okay to take the positions?

Once more thank you for your energies and sacrifice to teach the whole congregation.

Stay sage and smart.

Hello again Chris.

first of all thanks for taking your time to help me 🙂

i have taken a new pic and marked the area in a red circle.

on the chart i have made another trade today.. thats a decent bullish setup, right? 🙂

I see only half of the circle. By the way, the 2018.07.17 candle formed a sell signal. Now the 2018.07.27 candle has formed a buy signal.

How to make double Bollinger bands.

It is explain in the article that you should add two sets of Bollinger Bands indicator. One with the default settings and the second one with Deviations: 1.

Open your mt4 account or platform and go to the insert button click it select bollinger bands a box should pop up click the parameters it should be 20, 2, Repeat this process and add change the deviation to 1 you should have two sets. Espero que isto ajude.

Hello again again Chris :P..

ya i agree with u on the sell on 7/17 and the one a few days ago.. very glad that you agree with me, so i actually can see that im right in my setups :P..

on the 7/17 bearish signal there was a strong short signal, right.

(only bearish candlesticks)

but it still didnt go up, so its just one of those times where it takes the SL and i try another time, right.

hopefully you’ll understand what i mean 🙂

Has someone written an alert for Chris’s trading strategy? If yes, please share that as well.

Thanks for sharing your strategy Kamel.

Anything that takes the guess work out of it for us rookies is much appreciated.

This is very much amazing, I don’t understand that you trained Kamel and now he explains and shares knowledge, I’m sure you have got a lot of wisdom, from a lot of wisdom you chose to share with us, You are the only one I know in the Universe who has such a kind heart. Surely it is always defeating my understanding!

Stay safe and happy always 🙂

Thank you Nics. Glad to hear you like what I do here on this site 🙂

Cheers and Cool 🙂

Thank you kamel, been using your strategy for a while now and love it, so simple yet very effective!!

I think I have to start using this strategy combine with master Chris strategy and see what result it will give. I love your article so comprehensive.

Hi Chris and Kamel and everyone one who works in this site. I am new to your site and just registered few days ago. the information I find here is amazing and so useful like everyone says. I have been reading your articles about DBB strategy and I found it so amazing. I looked at so many patterns specially in EURUSD and I kind of feel the pattern of the candle stick or maybe the length of them or the distance they have from the BB1 upper or lower band can make a difference. In one you articles you mentioned “right below the BB1 upper band, or right above BB1 lower band. I wanted to know what exactly you mean by the word “right” because you just mentioned it in one place and not in the other sentence’s or articles. Thanks a lot for your help and support and your amazing information.

Thank you and welcome to our site 🙂

I’m a newbie to LuckScout and have read your article several times. I just want to say thankyou for posting this article because It will help me start making profitable trades. Up until now In have only made small profits and mostly losses trying to trade the shorter time frames. Thanks again and keep posting. Phil.

Hi Kamel and Chris,

Is it possible to use the DBB Standard deviation 1 for BB breakout with candlestick patterns, because I’ve seen some setups form correctly, and it seems nowadays on many daily charts, standard deviation 2 is hard for the market to reach.

Could this be due to algorithmic trading killing market inefficiencies?

As I explained once, you can use BB1 and locate the strong candlestick signals. There are so many traders who do it.

> Could this be due to algorithmic trading killing market inefficiencies?

No. Algorithmic trading cannot affect market. Please kindly share a screenshot as an example, so that I can see what you are talking about exactly.

Also I am worried that the the daily candlesticks with my broker may affect my trades.

My broker is CM UK. It seems their candlesticks close at 1am GMT+1, which is currently New York summertime/EST+1 8pm instead of 5pm, and it seems to my eyes that your charts are slightly different from mine.

Could you give me advice on this?

Pardon for the many questions, I just registered an account and bursting with questions.

Thanks a lot again!

Yes, the daily candlestick close time can make the candlesticks shapes different. In most of my screenshots I use the FxPro charts. You can do the same for your analysis, and then use your broker platform only to take the positions.

Thank you sir for this new strategy of trading.

I would like to know how to add second set of BB to my screen . I tried but could not succed. Pls. guia.

Agradecimentos e cumprimentos.

What platform are you using?

Thank you so much sir Kamel, you have solved me alot of headache especially in determining the target and stop loss.

Hello Chris Sir and Kamel/

I want to ask that, as Chris sir’s trading system BB with with deviation 2. you have told many timee that, strong candle stick patterns like Dark Cloud cover , piercing line and both Engulfing bear and bullish, with break out BUB or BLB breakouts, makes strong setup. but i want wo ask that. as i find that as kamels DBB ( deviation 1) there is also i find many times as well as i trades these setups, that strong candlestick patterns, Dark cloud ( both bearish and bullish, and Engulfing ( both bearish and Bullish) that breakout the DBuB1. ( bellow BuB2 in case of short trade setup and also DBLB1 ( above the BLB2). as strong setups these type also goes for atlest 2to3 candles or days as same trades. short and long. does this work or can i take this type of setups. with proper SL and TP.

The best thing to get your answer is that you check the back data and list the setups that worked and the ones that didn’t.

How to use this strategy in Amibroker software ? In Amibroker we have parameters like Price Field, Period & Width.

You have to change deviation to 1 for one of the BB indicators. That is all.

Can the DBB strategy be profitable using 4 hour charts? Or is it better to stick to Daily and longer time frames with this strategy?

The longer the time frame, the stronger the signals. Shorter time frames will have more losing positions.

Ok, I’ll stick to longer time frames. Obrigado novamente!

I would like to know when you mentioned you check only 15 minutes a day to check for a setup, does that mean you are only looking for (1st candlestick and 2nd candlestick close below Upper BB1 and 3rd candlestick close above Upper BB1) setup only? or is there any other form of setup? I hope you understand my question.

I don’t follow the DBB system, but I know the answer of your question. We should check the last 3 closed candlesticks. Please also read this article:

Chris or Kamel, i just found this DBB set up on EURAUD daily chart. The 3rd candle was 2 days ago, but i think the price still ok to take position. I just want u guys too take a look the chart and confirm for thia signal, cause im new for this DBB system. THX.

Hello Anton Praja I have opened position on this currency pair on 10.23.2018 based on DBB strategy. I am still still holding the position.

I have 2 doubts to clarify.

1. Does the color of the candle(candle no.1) matter?.

2. Is this strategy valid if candle 2 and 3 touches BB1 bottom line and BB2 bottom line.

You guys make a huge effort to teach us everything you know.

Muito obrigado.

Hallo Kamel and Chris. Its good to know you. I love LuckScout.

the 2 indicators you give for this system is not working, please help.

That method seems interesting, I will give it a try. Sorry if there has been already an answer, but is the strategy suitable with CFD and metals charts? And if no, why? Muito obrigado.

Dear Chris, So thankful for your hard work you have done so far to improve our trading skills.

Special thanks to Kamel for this simple and effective DBB strategy.

Thank you for back test Report of this strategy by JojoW .

today 2018-03-22,GBP/USD candlestick #1 and #2 are formed below BB1 upper band and above middle band too, and 3rd is closed above BB1 upper band still prices are going down. what is that? is that my understanding problem or it is really happening.

Another confusion. After 14th March, there was a selling signals but after Candle stick #3, which was closed down BB1 lower band, prices startd going up all of a sudden. can you please teach me I am brand new in the currency trade.

# how much news effect in daily chart with this strategy ??

# whats condition before news ??

Hi Kamel and Chris. Found the LuckScout website only yesterday and am in the process of reading through your articles. Very interesting stuff, but I’m a bit confused by the two different types of ‘double bollinger bands (DBB)’ trading approaches. Chris & # 8217; strategy in a nutshell: “The strong candlestick pattern with a strong Bollinger Band breakout have to be formed on an “exhausted” market, not on a too strong trending market.” On the other hand, the DBB strategy that Kamel recommends ‘trend continuation’ setups (my interpretation). I don’t see how to combine these two different approaches to trading (‘trend continuation’ versus ‘Breakout/trend reversal’). Desde já, obrigado.

How do I set up the alerts indicator? I have downloaded and installed both indicators but I can’t find how to set the alerts. It’s not available in my indicators section. Someone please help .. if you know how to set the arts up please email me at [email protected] … Thank you very much for everything!

veryyyyy great artical Chris or Kamel, god bless u.

can i ask u one thing chris if i take 2 positions when DBB system crate signal. these 2 positions have same stop loss set on third candlestick. low or high price one position target and stop loss is same and second position close when strong reversal setup forms, i want ask u then i will in profit if i trade like this ? and sir my english is not good so plz sorry sir and thanks.

Do you always set a market order when an eligible candle closes, or is a pending order an equally plausible entry? If so, would a pending order have to be cancelled if not triggered within one bar?

I don’t set pending orders.

> If so, would a pending order have to be cancelled if not triggered within one bar?

Depende. Sometimes a bar is too small and doesn’t touch the pending order. So you will have to give more time to the market to hit the order.

Thanks Chris! One followup question, is there a particular reason you don’t use pending orders? Did you test this, or is it more a style-of-trading thing? Thanks, and happy trading.

It is more a style. I prefer to see the market first and then take my position.

In yr DBB strategy, while entry is purely based on BB1, what is the role played by BB2.

Thanks for yr time.

My brother uses the DBB system and seems to like it. Great explanation brother thanks!

Thank you Kemal for the article. Although I have read before, still this is invaluable article to remind me.

I wanted to find out if you use DBB as well?

I don’t use that system.

is there any indicator to support this methode, i found unsual in EUR USD, here i send the screenshot, if we found like that what should we do to anticipate it ?

the candle shows sell trade based on DBB strategy, but in reality its turn to BUY trade.

Hi, I am new here (September, 2017) and I’m already addicted the articles on here.

I like that you guys are simple and realistic. I look forward to many more great articles.

How to Increase Double Bollinger Bands Trading System Success Rate.

On October 25th last year (2018), a trading system named Double Bollinger Bands or DBB was introduced by Kamel (read this). This trading system is so popular and is used by so many traders on a daily basis.

The most important feature of this trading system is that it is mechanical. It means it doesn’t need any analysis and interpretation. To have a long trade setup, all you need is that the last closed candlestick to be closed above BB1 Upper Band while the previous two candlesticks should have been closed below it. To go short, the last closed candlestick had to be closed below BB1 Lower Band while the previous two candlesticks should have been closed above it.

As you see this system is 100% mechanical, and even a 7 years old kid can distinguish the trade setups.

Like all the other trading systems, this trading system causes you to lose money sometimes. In spite of this, experience shows that it has a good success rate and if you follow its rules properly, you will usually have some profit left at the end of the month. When this trading system was shared on LuckScout, some LuckScout users back-tested it. The results were really impressive, meaning that a trader can rely on this system, specially if he has started trading recently and have not become experienced enough in technical analysis and candlesticks patterns.

Since October 25th last year that I have been reading and answering your comments about this system, I have found out that there are a few things that you can do to increase your success rate in trading the DBB system. Although this system is supposed to be 100% mechanical, but your success rate will dramatically go up if you consider a few small technical and non-technical factors:

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1. Learn the System Rules Properly:

As far as I know, many of you still don’t know how this trading system works and how long and short trade setups form. Many a times I hear that some of you lose money after taking a position based on DBB system, but when I check I see that no trade setup was formed at all. This is because these traders still don’t know what the DBB system trading rules are and how the DBB trade setups form.

So, if you like to follow this system, the first and most important thing you have to do is that you make sure that you have understood the rules properly and precisely and you are able to distinguish the setups, otherwise you will enter the market when there is no setup at all.

I am not going to explain this system’s rules here in this post, because it is already explained in details in some other articles. Please refer to those articles and read them carefully: Double Bollinger Bands Strategy To Trade Forex.

2. Bollinger Middle Band’s Role:

Bollinger Middle Band usually works as a strong support/resistance in short/long positions. It means if you go long (you buy) while the price is still below Bollinger Middle Band, chance are it makes the price bounce down and hit your stop loss. It is the same when you go short.

This rule is true in all different trading system.

In DBB system, a trade setup forms when Bollinger Middle Band is already broken. I mean when candlestick #3 closes above BB1 Upper Band to form a long trade setup, either this candlestick or one of the previous ones has already closed above Bollinger Middle Band. So we don’t have to be worried about the price to be stopped from going up by this moving average (Bollinger Middle Band is a 20 Simple Moving Average).

However, there is another thing that we have to care about. It is the position of candlestick #1 and #2 with Bollinger Middle Band. Experience shows that in long trade setups that candlesticks #1 and #2 are closed above Bollinger Middle Band, price goes up better, and so these trade setups have a higher success rate. This is true that in order to have a long trade setup, candlesticks #1 and #2 have to be closed below BB1 Upper Band and candlestick #3 has to be closed above it. However, the trade setup works better and makes the price go up stronger if candlesticks #1 and #2 close above Bollinger Middle Band and below BB1 Upper Band (they close between Bollinger Middle Band and BB1 Upper Band).

Also, the closer the candlesticks #1 and #2 close prices to BB1 Upper Band, the stronger is the trade setup. It means it is better the candlesticks #1 and #2 close prices not to be too far from BB1 Upper Band.

Sometimes, candlesticks #1 and #2 close as bearish candlesticks either below Bollinger Middle Band or a little above it. Or one of them closes below Bollinger Middle Band and the other one above it. And suddenly candlestick #3 goes up and closes above BB1 Upper Band, and so a long trade setup forms. This cannot be a strong long trade setup, because when the last 3 candlesticks close like this, it means the market is choppy and unstable. It means bulls have not taken the full control yet, and so it is possible that the next candlestick goes down and hits the stop loss.

On the below screenshot I am showing you two long trade setups that are formed under the conditions I explained above (specially the left one). As you see in the left trade setup, candlesticks #1 and #2 are closed above Bollinger Middle Band (the dashed line) and so close to BB1 Upper Band. This is the example of a good and typical long trade setup.

The second one (the one at right) is also good. The problem is that candlestick #1 is bearish. In spite of this, its lower shadow reflects the bullish pressure which is good. It is still a good long trade setup, but the left one is much better.

Whenever you locate a long trade setup, compare it to the left trade setup on the below screenshot and take it if they look similar.

Here is what I call a bad long trade setup (below). It is still a trade setup, but it is not a good one. Candlesticks #1 and #2 are closed almost below Bollinger Middle Band which means bears are still strong. As you see, the price doesn’t go up strongly when candlestick #3 closes. It goes up only for 2 small candlesticks and then it goes down strongly.

The other thing is that candlestick #3 closed not only above BB1 but also above BB2 Upper Band. It means this candlestick made the market a little overbought and so a bearish counter-attack was possible:

Here is two other bad long trade setups. Now you know why they are “bad”:

It is the same with short trade setups. It is better to have candlesticks #1 and #2 formed below Bollinger Middle Band and above BB1 Lower Band when a short position forms. Also the closer the candlesticks #1 and #2 close prices to the BB1 Lower Band, the stronger the setup.

Everything I explained about long trade setups has to be considered for short trade setups too. Just the direction is opposite.

Here is a good and typical short trade setup. As you see, candlesticks #1 and #2 closed above BB1 Lower Band. Their close prices are close to BB1 Lower Band and far away from Bollinger Middle Band.

The below screenshot shows two bad short trade setups. With the first one at the left, candlestick #1 is closed with a long lower shadow above Bollinger Middle Band. It means bulls still have the control. With the second trade setup (right), candlesticks #1 and #2 are both bullish which is not good for a short trade setup:

Here is another bad short trade setup (below). Candlesticks #1 and #2 are closed right below Bollinger Middle Band. Besides, one of them is bearish and the other one bullish. They have long lower shadows too. These are all the signals indicating the bulls strength:

3. Follow the Trend:

Going against strong trends has a higher risk, even when the trade setup is too strong. It is recommended to avoid the DBB trade setups when they are against the trends. Conversely, agreeable trade setups usually have much better results:

4. Learn Technical Analysis If You Can:

Technical analysis always help you take the setups with more confidence. A DBB short trade setup formed after a support breakout, or a support breakout formed after a DBB short trade setup are much better to take, both for DBB and breakout traders:

Concluding:

Although DBB is a mechanical system that doesn’t need any analysis and interpretation, it would be great if you learn some analysis and use it in trading this system. At least, you can consider the three candlesticks close prices with more caution, and differentiate the good and bad setups from each other. It helps you have a much higher success rate.

Above all, before taking any positions based on any trading system, you’d better to learn the system properly first.

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You are indeed an instructor. You are carrying us on your wings like the mother eagle. Checking on us every now and then to see how we are progressing and also straightening us.

Right comment on Chris. I want to join with you.

After fighting for 4 years on war, I’ve learn a little that “waiting is the main weapon to win the riot.”

When I decided ” It is the best opportunity.” But NO, I was wrong, the super best opportunity come just a lot of moment later.

Now I’ve found a real learning opportunity from Chris that how to wait for the final opportunity.

unstoppable thanks for Chris for his unparallel article.

Excelente & # 8211; Muito obrigado.

Boy I needed this article so badly. Great article once again and helps to give a better idea of how to utilise the double Bollinger band strategy. Obrigado!

even if DBB is supposed to be mechanical, your examples and comparisons in this article are great in helping us understand the difference between setups.

Pointing out the not typical setups is very good for educational purposes!

Thank you for writing this article and please keep on giving us many examples and showing us also the bad setups and what not to do!

Hi Chris, thank you for these very clearly described DBB fine tuning techniques. Regarding the long DBB trade that you thought most promising (July 26-28, 2018), the daily movements are quite close together up to and including the buy point (#3). What is the best way to identify the more risky and less risky stop loss positions? Say, 10 pips below the lowest point of the #1 candlestick?

Muito obrigado Chris.

it is very good you talk more about DBB system frequently. it help us to be more familiar with this system. thanks a lot for your effort and helps.

in usd/jpy screenshot left set up based on DBB system, you told it is better than the right one. but after some moving up, the price went down and the stop loss will hit. if it is true , what is your reason that the left set up is better than the right one.

thanks for your explanation.

1. We don’t know what will happen after a setup forms. All we can do is that we take the best setups. Although the left setup went down, but majority of the setups that have the same condition work much better. Almost like the AUD/CAD setup (here).

2. I think the first would hit the stop loss at breakeven. So it couldn’t cause any loss.

I sent you the 5th version of LuckScout indicator.

I added this article points to indicator for calculating DDB setups.

Please check it.

I have a question too. can we consider Trend direction to choose better ddb setups?

I just replied your email. Please check and let me know.

Obrigado por isso. It definitely clears up why people are getting stopped out on this system. I think in previous articles the significance of the middle bollinger band wasn’t explained properly but this had made the system more crystal clear.

I didn’t use it before because it didn’t look that reliable to me but now I can see the strong setups would be far more successful.

Since you introduced this system of trading, I have been using it and have been successful with it. The last trade I had on EURJPY fetched me about 450pips. I will continue to follow this system and try to learn the technical analysis, and as you taught us, I like keeping it simple.

Thank you so much for the good work you are doing out here. Eu realmente aprecio.

Good for you Toboi. Fico feliz em ouvir isso.

Many thanks to you for devoting some time to teach LuckScout followers even in the weekend.

Very sound advice!!

Thank you Chris, as always!

Thanks for another great article 🙂

I would like to ask, there is a short trade setup formed on the very first picture (where are the good long trade setups shown). The candlestick #1 is exactly on the 15th July 2018 and #3 is that long bearish candlestick. Would you consider this setup as a short trade setup that time? Se não, por quê?

Obrigado pela resposta.

Yes, it is a short setup, but it is not a good and typical one.

I would say short trade can’t be consider as good setup because 1and 2 CS closed to close BMB and 3 is to long so market is oversold.

Thank You, Chris!

Obrigado Chris. This helped enourmously!

Thank you for everything you do here.

My hope is you could more describe exit strategies, especially around real life examples like you and Kamel did on Gbp/chf. I go out early or late and I do not really have a good feeling what to look at (like with entry, where I feel more confident due to your many advises).

One thing I am struggling with is how to work with 3xSL or even 5xSL profit target. Very often I get new signals (or so I think) far before I get there, especially if I take the safe SL.

There is some error type in article: “More About Double Bollinger Bands Trading Strategy”. in the last text end line i think the sentences should be fix as below:

“Candlestick #1 closed right on BB1 upper band, and candlestick #2 closed below it. Candlestick #3 ….

Thank you Behnam. Você está certo.

Please fix the error type in article:

“When a DBB Trade Setup Is Supported by another Agreeable Trade Setup”

In the end line of GBP/CAD, the Candlestick #3……. Should be Candlestick #1 ….

of course this is not a typical short trade set up in DBB system. so, this DBB Trade Setup Is not Supported by another Agreeable Trade Setup. did i understand correctly?

This one is correct. It says that candlestick #3 did not form a DBB short setup which is correct.

So we have no trade setup here.

Hi Chris, your sharing must be appreciated! I notice that you are a commercial member on factory. Does it mean that you have to pay for posting on FF? It is also noticeable that this site contains pure knowledge, no selling or anything relevant with generating money through website. That is, FF should not charge you anything! So I am kind of curious about what kind of business you are engaging with FF. If you are a mutual fund manager, do you accept clients, like me, through web?

We don’t pay them any money. É de graça. The only thing is that commercial members are allowed to post on “Commercial Content” forum only. We are just a commercial member and have no other relationship with FF.

I regret to say that I am against managing the investors’ fundos. You can see my reasons here:

Thanks for the wonderful sharing of knowledge and many I as I can see from the posts are counting their lucky stars for stumbling upon your website. You’re great and I wish u well.

Thank you too Lorima.

Many many thanks to you Sir Chris and Kamel you made our trdaing more easier, simpler and profitable!

Yes first of all, I Was confused about using DBB but now I again try to learn properly, I think DBB work 50 percent and candlestick pattern work 50 percent, then both can give us 100 percent result .

you have a lot of strategy here, that’s helping me so much.

but between bollinger band and dbb, which one is the best?

I prefer the analytical system which is candlesticks patterns combined with Bollinger Bands breakout.

It depends more on what kind of trader you are. Are you willing to wait purely on strong setup for bollinger bands with candlesticks? If you have missed previous 100 setups, you might need to wait weeks or even months for the next. Like I waited almost 2 months until the recent gbp/chf 100 setup but the market now goes against the setup.

Is it not recommended to trade with DBB strategy on ranging market?

Sometimes a setup causes the range to be broken. Sometimes a market ranges for a long time, and trade setups return weak results. When the market is ranging we’d better to move the stop loss to breakeven sooner when the position goes to profit.

Your trading teaching methodology is simply extraordinary. Thank you so much for sharing your wisdom with us!

Hello Chris i have to say just two words about you and your website, you are the bestesttttttt helper motivator you don’t how much prayers wo do when you give us such time and articles i love your site i love your strategies you are the best best nothing else i am a new trader and you motivated me.

Based on DBB system, there could possibly be a long set up for AUDCAD (if next day’s candle closes above DBB1 +1 S. D) and a long setup for EURAUD (if next day’s candle closes above DBB1 +1 S. D).

However, if one were to trade both positions, it would be as good as long EURCAD which is as well waiting for confirmation for a too strong SHORT set up.

How then should we approach this?

In the chart in section 3 (“follow the trend”), how would you interpret the setup with candle #3 just before 13 December? Is the #1 candle problematic? Does it close too close to the middle band? Is the fact that it opens below the middle band a problem?

It is not a bad setup. Candlesticks #1 and #2 are both bullish and #2 is closed in a good place. It is a good setup indeed.

#1 opened below BMB, but it is good that it closed above it and #2 did a good job that covered #1 weakness.

The last picture in the article is supposed to show an example of TA and DBB supporting each other, but isn’t in this case the SL hit by the “#4” candle? And there are no other opportunities for entry for a long time after that, so most of the trend is unfortunately missed. Is there any way to avoid this?

It would hit the stop loss if the stop loss was set at the middle of candlestick #1, but it would not if stop loss was set above the high price of candlestick #1.

I see, but why would you set SL above the high of candle #1? I thought the rule was to put it at the high price of candle #3. Although i can see how that is a problem if candle #3 is very small (SL would be too tight). Does that mean we have some freedom in placing the SL? I did read in the original article that SL can be made smaller if candle #3 is very large. So is the opposite true as well?

There is no special rule to set the stop loss and target orders. We set them where experience tells us that it is a good place. Above the high price of candlestick that forms the signal is the best place.

“There is no special rule to set the stop loss and target orders.”

That statement seems to contradict the whole idea of a mechanical system, which should be entirely based on rules. Just to be clear, i was referring to the DBB system and as far as i’ve understood, the SL for shorts goes at the high of candle #3, which would have been stopped out in this case (last picture in the article).

I’m planning to learn your own system as well, but for now i’m focusing on the DBB system.

There is no special technical and scientific rule for stop loss. We just decided to place it where it looks better according to our experiences. Of course there is one general rule that says the stop loss has to be placed at the level that it gets hit only when we have chosen a completely wrong direction for our position.

Yesterday I analysed a whole bunch of charts of the past two years after reading the first article on DBB. After the analysis, I came to the conclusion that (almost always) the 2xSL as TP would have worked (with SL being low/high of the #3), but in a few cases only 1xSL would have yieled success…I drew up some vague ideas for myself of when only 1xSL can be hoped for (in most cases that would still be a nice bit of profit) and then saw this article which largely confirms those ideas! The trades described here as “bad trade setups” are similar to those I identified as “only” 1xSL candidates and the reasons for them being bad match my suspicions. This gives me a little bit more confidence that I am starting to understand the system properly! Thanks a lot for all you guys do here to help us novices and especially for your focus on keeping things simple – there is no lack of resources on the Internet if one wants to dive into the full complicatedness of it all, but LuckScout is unparalleled in keeping it simple and easy to understand!

What you’ve noticed so far, are the setup are stronger when the 3 candles are bullish for a long and bearish for a short or doesn’t matter.

Muito obrigado.

As always…. This article is an awesome addition to the previous DBB article’s….You’re the best!

Thank you for all you do & most of all….for believing in all of us…:)

just read the latest lesson trying to understand and interpret correctly hoping to be able to use it to advantage. i will read it again and again until it makes sense and not give up. i use cm and mt4 for demo trades still making losing trades reviewing my trades to identify strong setups. any suggestions to help me improve will be appreciated. len.

Hi Chris, how can I do if I want to trade DBB and your main system together? So, since I cannot use the double bands for your system, can I check out is there is a strong reversal pattern first, and if I don’t find any, add the double bands and check out if there is some trade setup? So that I can follow reversal and continuation signals at the same time? Agradeço antecipadamente por sua ajuda.

You can have each system on two different profiles on MT4 and load each profile whenever you want to locate a setup through each system. These two systems have nothing to do with each other. So you have to trade them completely independent from each other.

It all seems so clear now. Obrigado Chris. You keep us from making the same mistakes time and again. Muito apreciado. Obrigado.

What do you think of using HeikenAshi candles for this strategy, or does it give too many false readings?

I have not used it with Heiken-Ashi. Back-testing can answer your question.

Great steategy… Muito obrigado!

Great strategy… Thank you very much!

very informative article.

I am currently testing DBB.. One doubt, is it ok setting 1:2? Or could I go for 1:3 ?

Should we advance our SL to break even once the position reached x1 SL in our favor?

Thank you Chris, and Kamel.

There is no precise answer to these questions. DBB is a mechanical system and a trade setup can be the beginning of a small movement or a strong trend.

Will have to make my own deductions then, depending on the setup! Thank you for your answer Chris.

just read this article again about dbb and drew a diagram to better understand what you are teaching. drawing the simple diagram gives a better picture of what you are explaining. this might help some of the other novices who have trouble understanding the verbal demo and makes your explanation much more effective. espero que isto ajude. len.

Hi Len: Can you share this DBB diagram with us?

as you mentioned in previous posts that only bollinger middle band which is twenty works. you mean only this single or to compare it with other higher period moving average? ample 40 … 50 ,?

Yes, it is in comparison to the other MAs. Market reacts to 20sma more than the other moving averages.

my previous comment was unclear my question is about moving avergae.

I found many of my answers about DBB strategy in this article. I am truly amazed like other members with the way you explain everything. Using the same old basics you always teach us like Bullish or bearish pressure, considering the trend, and technical analysis in DBB, makes this strategy a real respectful one.

Can the double Bollinger bands strategy be used on the weekly and monthly charts?

Sorry to give a differing opinion from the cult like replies here, from people who have had one trade go their way, BUT from my back testing this system will lose you money.

Initially you said that this is a mechanical system. Trade it mechanically and you will lose money. If such a system were possible the banks would just set up computers to trade your system mechanically, investing billions of dollars into it. There would be no reason to raise money with loans anymore.

This of course is ridiculous and so is your claim that this is a mechanical PROFITABLE system.

You have an audience of newbies that believe anything. Your claim that you can increase profits by only taking certain trades, also does not make the system any more profitable. Even the guy that supposedly discovered this golden goose is no where to be seen anymore. Very dodgy!

This system is a dud and will lose you money. AVOID!

Isso é verdade. This system cannot be profitable all the time. I personally don’t trade these kinds of mechanical systems. However, it is introduced here just because many traders like to know about this so called double BB system. We never said that it is 100% profitable and we never guaranteed anything about it.

I have recently come back to this system and found it provides excellent entries. There are many ways to increase the profitability of the system, mostly technical facts that can be added together to create a scoring probability system.

Obviously, this isnt 100% and not all of it can be mechanical (yet) but there are many rules that increase the chances of the trade working out.

Personally, I have found the third candle does not need to open above the bollinger middle, and I consider this optional. in fact, there are many successful trades which start with a strong 3rd candle breaking above the middle band, then the second holding between middle and BB1 upper, then the current candle breaking BB1 upper but not BB2 upper.

Also, the momentum of the bollinger must be taken into consideration, if the bollinger middle band is trending down, taking a long trade against this causes problems, not always but often enough that I score this negatively.

Also, if the active height (distance between low of candle 3 and close of current candle) is much less than the recent active height (last X candles), this is also negative.

Also, I score the current Monthly, weekly and daily trends with 2 points each, plus an additional point if all 3 are in agreement. Giving 7 points. If the trade is not in agreement with this direction, it is ignored.

If both candles 3 and 2 are bullish then a bearish current candle is not a valid signal and is ignored. (and vice versa)

If the bollinger is squeezing, the setup is ignored.

When you add all of these facts together, a decent probability can be made and using good analysis. The trades can be taken with some confidence.

P. s. It is amazing that no one has noticed yet that, the second BB with deviation of 2 is not needed. As such this is not a double BB strategy at all. Just goes to show how switched on the people in the forum are!

Many traders have noticed that and are using the Dev(1) indicator only.

The reason of having the regular BB is for following the maximum deviation from the middle band, to have a better idea about take profit orders.

Actually, I often add a 1.5 deviation as well. If a successful trade starts to reverse and closes beneath this then I take an early exit.

31st October 2018.

Thanks for a very revealing and educative article of trading.

After studying your article I want to apply the information to start a DEMO account.

I looked at the various pairs on today’s daily chart and spotted that the most likely pair that may meet the specifications that you had mentioned is USD /CAD pair.

Can I start a trade on the USD /CAD pair on Monday 2nd November 2018 morning with the following parameters.

Opening trade 1.30700 / Stop loss 1.30950 ( -25 ) and take profit 1.30200 ( + 50) The present closing level on chart is 1.30752.

This is my first attempt at using your simple trading method.

Sorry for such a small query.

This would help me to upgrade by confidence level.

Looking forward to your advise.

Was this based on DBB system?

Chris, I’m a novice trader and still not skilled at finding the best trade set ups using your strategy. I’m starting to become discouraged. I do well with the DBB Strategy but there haven’t been many DBB set ups lately. Do you think a trader could be very profitable just sticking to DBB strategy only, should i focus on just mastering the DBB strategy?

I often read the article on Edwards success but even after reading Kamel’s articles, I don’t fully understand Kamel’s strategy. I like that he takes morevtradevset ups on average than you, I don’t’ have the patience you have and I feel alone and lost but I know that trading is the answer to financial freedom and so I won’t give up.

DBB is a mechanical system. It doesn’t make you a trader. You can follow it along with a technical like candlesticks and BB.

Thanks a lot for all the team who are working on this web.

LuckScout is the bible of. It’s like a university.

The best part, you share this knowledge for free.

I am new to and in the span of 3 weeks, I learned so much.

I learned currency pairs, pip size computation, money management, simple trading systems, etc.

I already have my demo account at $500.

Next goal is to consistently grow it for 6 months using all the trading system from LuckScout.

When I become a full time investor 2 years from now, I want to give back to the LuckScout community!

Chris, you are heaven sent!

Rey from Philippines.

It’s 4 am here when the daily candlestick closes in NY.

So I’m a brand new trader still trading paper money. In reading about the DBB strategy I decided to combine with the Ichimoku Cloud trading strategy that I learned. Basically I apply the DBB rules but only take long trades above the Ichimoku cloud and short trades below. I set my stop loss at the close of a non-doji candlestick going in the opposite direction. I back tested this strategy for only the past three months and the results seem pretty good. In reading the articles on DBB it was mentioned that the backtesting that others had conducted produced impressive results. My question is whether my backtesting seems to be in line with what other traders have come up with? Por favor deixe-me saber.

Here’s what my results yielded:

Pairs analyzed: EUR/USD, GBP/USD, EUR/JPY, USD/JPY, GBP/JPY, AUD/JPY, CHF/JPY, USD/CHF, GBP/CHF, EUR/AUD, EUR/CAD, EUR/GBP, AUD/CAD, NZD/USD, USD/CAD, CAD/JPY, GBP/AUD, GBP/CAD.

PIP Profit/Loss by month (cumulative results for all pairs):

Number of trades:

May I know the setting of BB1 and BB2?

Please check this:

I have read all your posts on this DBB strategy and found it to be very interesting. I am very new to and wonder how do you determine when to take a long or short position, to prevent trading in a counter-direction.