The Double Indicator Bands Strategy is a versatile trend following volatility based indicator which is fairly reliable by itself. Developed by John Bollinger, the bands are made up pdf the outer bands which are placed two standard deviations off the 20 period moving average of price. The bands tend to widen when volatility increases and contract during low volatility or periods of consolidation. It is widely known that when the Bollinger Bands bollinger, they signal a potential volatility breakout in the next bollinger sessions. All you need is to have your live account verified! Of course, you need to open a live account USD30 from each Forex Broker Below. Both Forex Brokers have excellent rating! The Bollinger Bands can be traded in a variety of ways. Some of indicator most commonly used trading strategies include:. Besides the above commonly used methods to trade Bollinger bands, using a double Bollinger Band is another unique way to trade with the bands. The main benefits this has to offer is the fact that by using a higher standard deviation based Bollinger Bands, traders are able to fine tune their entries. The double Bollinger Band tends to be used mostly a reversion to the mean methodology, meaning that when the higher standard deviation Bollinger band tends to contain the price extremes, it signals a reversal to the mean, which is nothing but the 20 period moving average. Hope that you like the strategies that we share. If you like the strategies here, you will absolutely love our pdf strategy The MorningPips Trading System. The aim of Morningpips is to finish trading by the morning. The double Bollinger Band strategy as outlined below is ideal for traders at all levels and is relatively easy even for first time traders. With due practice, traders will indicator able to identify the set ups that occur which usually has a bollinger hit rate of reaching the take profit levels. The first step to use this strategy is to apply the first Bollinger Band with a setting of 20, 2 and then applying another Bollinger Band indicator with a setting of 20, 3. Once the two Bollinger Bands are applied on the chart, traders can then start looking for entries. The Double Bollinger band strategy works across any timeframe, but it is best advised to use this strategy on the 1 hour chart time frame. Traders should also bear in mind that only the most liquid currency pairs with the lowest spreads are considered while trading with this strategy. In the above chart, we notice that prices initially break close to the outer Bollinger Band. The subsequent candles continue to close outside the inner Bollinger band until we find the set up where prices close back with the doji candle inside the inner Bollinger Band. The long position is taken at the close of this candle with stops set to the corresponding price point of the outer Bollinger Band while targeting the corresponding price level of the middle Bollinger band. In the following chart we first notice that prices break out strongly and close outside the outer Bollinger band. Two candles later, prices then close back inside the inner Bollinger Band. A short entry is taken on this close while the stops are placed at the corresponding high of the outer Bollinger Band. The take profit level bands set to the corresponding price point of the middle band. Prices continue to hover above the entry for a while before eventually reaching the take profit level. The Double Bollinger Bands Strategy is very simple and efficient at best. By keeping the indicators to a minimum two Bollinger Bands and by exercising patience, waiting for the right set ups, traders will find the double Bollinger band not. If you like to learn how to anticipate market movements and stop using lagging indicatorsthen you will absolutely LOVE our Sniper Trading System. Enter Your Name and Email Below to Download Now Closed Sell EURUSD 1. We are a group of highly passionate traders and love to share our content as our way of giving back. These are a collection of the most powerful strategies available and we are giving it away at no cost. Please take time to visit us daily to review each video. And do subscribe to our newsletter to download the awesome trading templates that we are giving away. Many thanks for being our site visitor and please be active in your comments on the videos to help us improve further. There's always a disclaimer in websites. But instead of having the usual legal terms drafted by lawyers, we are just gonna put this in plain English as we like to be casual. You must know that past performance and future performance are not the same thing. Past performance is a track record of what has happened in the past and future performance might be very different from past performance. Anything that has done well in the past may not do well in future, who knows, right? You have to use common sense sometimes and know what's real and what's clearly a scam. To our best ability, we put out only legit products and services on our website. You, and you only, have the power to make any investment decision. If you cannot take risk, sadly, any form of investing or trading is not for you. You need to understand the risk in Forex and the Financial Market before getting involved. Home Strategies Forex Basics Why trade? 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