Strategy for the Expertoption.com using the indicator - Bollinger Bands


This strategy is slightly more complicated than the method when using the indicator moving average, but it is still great for beginners. With its help, you can multiply your capital, and most importantly it is quite easy. Follow the following points and repeat.

ExpertOption.com - How to use Bollinger Bands indicator on expertoptions.

ExpertOptions Strategy step by step

Choosing the asset

1) Go to the Expertoptions trading platform and go to the asset selection menu at the top left of the page. Click on the down arrow, as shown on the picture.

Selecting the asset

2) Already in the asset selection menu, in the Short tab we select the USD/NOK asset. Accordingly, we set the transaction end time (depending on your location) that you need and click Apply.

Choosing the indicator

3) After setting up the asset, we go back to the trading page and click on the next icon to select the indicator ...

Selecting the indicator

4) In the New indicator tab, select the Bollinger Bands

Tuning the indicator

5) At this stage you will need to configure this indicator. If you are a beginner trader, then I advise you to leave everything as it is, except that you can customize the color and width of each line (there are 3 of them).
After doing these actions, click on the Apply button.

The strategy itself

6) Now, we begin to watch the chart, and as soon as the upper and lower waves (in my case red and blue) begin to expand, we can immediately put down.
Before this, do not forget to select the desired bet amount and click on the corresponding button (down or up). As you could already guess, if the waves begin to narrow, then we put up.

Trade result

7) Get your profit at the end of the transaction.