Introduction: Bollinger Bands and Zig Zags are two of the most popular technical indicators used in trading. In this article, we will show you how to use them for successful trading.
Step 1: What are Bollinger Bands and Zig Zags?
Bollinger bands and zig zags are two popular technical indicators used in trading. They are used to identify trends and provide a trading signal. Bollinger bands help identify overbought and oversold conditions, while zig zags help identify the trend direction.
Step 2: How to Use Bollinger Bands
Bollinger bands are a technical indicator used in technical analysis. They are designed to identify periods of high and low volatility, and can be used to make trading decisions.
To use Bollinger bands, first identify the range of prices you would like to track. Next, create a Bollinger band around the middle of this range. The width of the band will vary based on the volatility of the market. Finally, use this information to make trading decisions.
Step 3: How to Use Zig Zags
When trading, it is important to use signals that will help you make informed decisions. One of the most common signals used in trading is the zigzag. Zigzags are a type of technical indicator that can be used to identify potential trends and reversals.
To use a zigzag for trading, first create a chart with two lines: one showing the price action, and the other displaying the zigzag. Next, plot the zigzag at key points throughout the price movement. Pay attention to how it reacts to major moves in either direction. If you see that it is reacting positively to moves up or down, then use it as a signal for future trades. However, if you see that it is reacting
Step 4: Combining Bollinger Bands and Zig Zags for Successful Trading
It is important to note that Bollinger Bands and Zig Zags can be used in conjunction with each other for optimal trading success. When using these indicators together, traders should aim to keep the bands close to the highs and lows of the Zig Zag pattern, as this will help ensure that trades are made quickly and with minimal risk. Additionally, it is important to note that Bollinger Bands can be used as a long-term indicator, while Zig Zags can be used as a short-term indicator.
Binary Options One Touch Strategy Bollinger Bands and Zig Zag
This is a trading system based on the Bollinger bands and Zig Zag.But it can also be considered a price action forex system.This Binary options One Touch Strategy Bollinger Bands and Zig Zag works good also on time frame expire: 24H, Weekly and Montly. In the examples I show how the strategy works in the time frames 5 min and 15 min and time expire h1 (for 5 min TF) and h3 (15 min TF).
Markets :any.
Indicators :
- Zig Zag indicator (8,2,3 period)
- Zig Zag indicator (12, 5, 3)
- CCI indicator (14) with levels 90 and -90
- Stochastic 11-5-5
- Bollinger bands (20, 3) and (20,2)
Long EntryConditions:
- Price touch or close the bottom Bollinger bands indicator;
- Zig Zag (12, 5, 3,)indicator and Zig Zag indicator (8,2,3,) meet together on the same candle;
- CCI indicator get over -90 level;
- stochastic indicator crossed and pointing up.
- Entry when price closed into Bollinger Bands (20.2 ) at open next bar.
Short Entry Conditions:
- Price touch or close the bottom Bolllinger bands indicator;
- Zig Zag (12, 5, 3,)indicatorand Zig Zag indicator (8,2,3,)meet together on the same candle;
- CCI indicator get over 90 level;
- stochastic indicator crossed and pointing down.
- Entry when price closed into Bollinger Bands (20.2 ) at open next bar.
- The Touch points for this Binary Options Strategyis the middle band but also 2 or 3 pips before the middle band.
Conclusion: As you can see, using Bollinger Bands and Zig Zags is a powerful tool that can help you trade successfully. If you use them correctly, you can make some great profits in the market.
