Hello friends and welcome back to my channel. in today's video i will show you how to use
a combination of bollinger bands and moving average for effective trading. i also want to
show you which signals to pay attention to and which not. because this method has two
specific signals. one is relatively weak and the other is strong. and let's find out
which is which one. so, the first indicator is the moving average.
we have to um change the period to two, leave the sma, let's choose color black, thicken line
and save. The other indicator is Bollinger Bands. I raise the periods to 20 and two. unlike the moving
average i need the bollinger bands indicator lines to be more solid and you will soon find out why.
and i set the moving average again.
i'm lowering the period to five this time as well.
i'm also leaving the sma, let's choose white in color and save.
and i definitely put one minute regular candles and trade at one minute time intervals.
and of course uh we have to put the best currency pairs that have
a high interest rate except for otc currency pairs. and that's all.
so, friends, i fixed the first good moment and entered the trade with six hundred dollars.
first of all, i want to tell you that i have already taken a similar method in another video.
but this method is a little bit i think more effective and at the same time has different
entry points. uh i'm not observing the trend here I am focusing on crossing the lines
of moving average and bollinger bands in the right direction. and as i said at the beginning
there is a strong and relatively weak signal in this method. and this signal i think a little bit
weak. but don't think that it's not effective. and let's wait a little bit and find out what happens.
unfortunately,
i could not win but didn't lose. uh it was a draw and the money was returned to me.
and i will bet on currency pair again. uh so first of all i bet um for this time because
moving averages wide and the black lines intersected and went in an upward direction.
and at the same time the bollinger bands bottom yellow line was approached by candles
and then the direction of the trend changed. now one signal has been added. a green
candle has crossed the middle blue line of the bollinger bands. and that's why
i bet here. great, i won.
guys,
i think this is a quite strong signal and i'm trading with a thousand dollars. there
is a high probability that the green candles will continue to move in an upward direction.
this is indicated by the amazingly stable candles
that form the mounting position and this time go in the upper direction. and at the same time,
moving average white and black lines cross the green candle along with the bollinger band line
and i think this makes the signal strong. and great, excellent, i won this trade.
so, here when the moving coverage and bollinger bands line cross the green candle at the same
time and the candles go in an upward direction in this case i entered the trade in the buying
position. if i have this signal according to this method less attention is paid to the upper and
lower lines of the bollinger bands. as they are additional signal if needed. and i only use these
signals when as i told you in the beginning all three lines cross a red or green candles.
and let's wait a little bit more.
uh great job great.
guys, i think it's a wonderful moment and i'm entering the trade with uh 3 000. as you can see
the trend has changed and candles have gone in the downward direction. this is also told by the
signals of the moving average and bollinger band lines. this movement is i think similar to the
previous one except with one difference. the candles go down here and the candles went up there.
and one more win. great.
uh i think it's the best moment i have had in today's trade in this moment
and i entered the trade with four thousand dollars. and um i tell you why this is the best moment.
In the first place, guys, i pay attention to the lines of the moving average and bollinger bands which
cross the green candle at the same time and go upward direction. the second good moment is when
the movement of the currency pair is stable and the candles do the level several times in a row.
for example, now the level started from bollinger bands bottom line and
goes upward direction which is also a good signal at this point. and as you can see
at this time the trade is going quite well.
and i think i am going to win this trade. and here it's another win. i like this method and hope
you will like it too. i could not win the first trade but all the others were successful.
i want to tell you that i have a blog a new blog where i often post trading news
what mistakes traders make, why they lose money and many other interesting posts, i think.
my site link is in the description and you can see it if you are interested of course.
and don't forget to subscribe to my channel if you like my videos, please. and i think everything
is done for today. thanks for watching and wish you all the best things. thank you