Like myself, perhaps the Bollinger Band was one of the first indicators you discovered at the beginning of your trading journey.

After all, it’s supposed to make everything super easy…

…just buy low and sell high, right!?…

Well, sure, there may be some lucky wins at the start.

But as time goes on… you start experiencing losses…

Worse yet, they can come along much more frequently with the Bollinger Band!

So, you stop using the indicator and probably start learning about RSI… moving averages…

…you start system hopping.

I’m guessing it may be a familiar scenario.

It was for me, anyway!

But, what if I told you there’s a provable way the Bollinger Band works consistently in real markets?

Not just in profits, but statistically, too?

Well, that’s what I’m about to show you in this guide.

Specifically, you’ll learn:

• A quick refresher on how the Bollinger Band works and how a lot of traders use it
• Timeless trading principles on how to build a working Bollinger Band trading system
• The rules of the Bollinger Band trading system and why they exist
• A complete metric of the results of the Bollinger Band trading system

You ready?

Then let’s get started…

How the Bollinger Band works and how to use it

The indicator pretty much consists of three things:

1. Upper Band
2. Middle Band
3. Lower Band

Starting at the heart of this indicator is a 20-period moving average…

The indicator works by adding a standard deviation of 2 to the upper band and subtracting a standard deviation of 2 from the lower band…

Basically, it adds “distance” to the moving average at the middle band.

Now, how do traders interpret it?

Well, if the price is at the upper band, it’s considered expensive, and considered cheap when it’s at the lower band…

These examples can then be used to introduce a couple of strategies, such as “buying low and selling high”…

It’s essentially the textbook approach to using this indicator.

But, while it sounds great in theory…

…how does it perform in reality?

Hmm, not always in the way you’d expect!…

As you can see, in down trends, the price keeps getting cheaper and cheaper.

Imagine if you buy at the lower band and you’re still holding your trade, hoping that the price will bounce back higher… not a great time!

Which leaves you wondering again…

“What, if the Bollinger Band doesn’t work on trending markets…”

“What’s the point of this guide?”

“Does the indicator work at all?”

Well, indicators are only ever a small part of a working trading strategy.

If you focus solely on the Bollinger Band, you’ll miss out on how to integrate it into a profitable trading system!

Which is why in the next section…

…I’ll explain the foundation behind how the system I’m going to share with you made +7,605% over the last 30 years.

So, let’s take the first step on learning how this system works.

Basic rules and concepts behind the Bollinger Band trading system

Let’s get straight to the point, shall we?

The Bollinger Band trading system that I will share with you mainly trades stocks.

Why the stock markets?

The main reason is that the stock market can move like a tide.

This means that whenever the markets are in a bull run…

…hundreds of opportunities arise in the stock markets!

And this is what the created system works on: riding and taking advantage of those “tides” in the market.

Now with that said…

What kind of stocks are most suitable?

Most of the textbook examples of the Bollinger Band indicator look something like this…

So they’re implying it’s an indicator best traded in a range.

But what if the Bollinger Band could take advantage of an uptrend?

Well, let’s keep building up to that!

But for now…

Start searching for stocks that trend.

That’s right, not ranging stocks, but trending ones!

Why?

Because stocks that are in an uptrend are already likely to continue higher.

You want to hop in and bet on a leading horse!

And the best part is that whenever you spot a trending stock, it already means that the overall sentiment of the market in that stock is great.

As for how the company has been managed, or how consistent it is in its earnings growth…

…all (probably) priced into the chart already!

So now, with the stock chosen, what’s next?

How do you use the Bollinger Band, and why?

All indicators are tools – they are just one aspect of getting things done.

Don’t you agree?

The first question you must always ask is:

“What kind of setups are you looking to enter trades?”

Which, in this case…

…it’s stocks that are trending:..

Importantly, you also want to look for pullback setups, so that you can “buy low and sell high” in favour of the overall trend…

With that well-defined, the next question you may ask is…

“Which indicator can help me find these setups and entries systematically?”

Now that is a great question.

Luckily, it’s going to be the Bollinger Band!

In what way?

Simply put, by entering pullbacks at the lower band on top of a trending stock…

Now, whether or not you use the Bollinger Band, it’s important to treat all indicators as a tool.

In creating any system, you should always keep your mind as structured as possible.

First, work out what setup you want to trade, then find the appropriate indicator to help you look for and enter those setups.

Make sense?

Good, because now comes the fun part…

The Bollinger Band trading system itself.

In the next sections, explore the complete rules of this system, as well as the results, so you can decide for yourself.

You ready?

Then let’s get on with it!

The complete rules of the Bollinger Band trading system

One thing to note is that the trading system you’re about to learn is based on mean reversion trading.

This means you buy stocks on a pullback and then sell them on the rally.

It looks something like this…

With that in mind, here are the rules of this Bollinger Band trading system…

Markets traded:

Stocks in the Russell 1000 index

Timeframe:

Daily

Risk management:

20% capital for each stock and a maximum of 5 positions

Trading rules:

1. The stock is above the 200-day moving average
2. The stock closes below the lower Bollinger Band
3. Place a 3% buy limit order below the last closing price
4. If there are too many stocks to choose from, select the ones that have increased the most in price over the last 100 days (criteria to rank stocks from strongest to weakest)
5. If your order is filled, sell when the 2-day RSI crosses above 50 or after 10 trading days (criteria to define the sell signal)

And just to add, the Bollinger Band settings are: 20-day moving average and 2.5 standard deviation.

I know it’s a lot to take in all of a sudden.

So, let me walk you through each of those rules.

The stock is above the 200-day moving average

Recall that you’re trying to trade pullbacks on stocks that are in an uptrend.

And as you know, there are a hundred ways to define what an “uptrend” is!

So to make this definition systematic, simply use a 200-day moving average…

That means if a stock’s price is above the 200-period moving average, it meets the first criterion!

Add it to the list!

And if it’s below the 200-period MA?

Skip the stock.

But, is there an easy way to filter for these?

Well, you can use TradingView’s free scanning tool!…

First, set your market to the Russell 1000…

And apply the moving average filter…

Set it to 200-period, so it only filters the correct stocks…

And with that, you’ve already got a powerful filter for this system!

Now don’t worry, as I go through the rules, I’ll continue to build upon this screener so you can follow.

With that said, what’s the next thing to look for?

The stock has closed below the lower Bollinger Band

This is where the Bollinger Band indicator comes in.

It’s used to systematically define a pullback – waiting for the price to “close” below the lower band…

In the TradingView screener, go ahead and apply the Bollinger Band indicator filter…

And finally, set it to only look for stocks where the price is below the lower band…

This means that on-top of the 200-period moving average filter, this screener will only look for stocks if the lower band is above the price, rather, if the price is below the lower band.

With that in place, if the stock makes a close below the lower band, what’s next?

If there are too many stocks to choose from, select the ones that have increased the most in price over the last 100 days

One merit of the stock markets is that when things are going great, countless opportunities arise.

This means that in a bull market, stocks are trending most of the time.

However, a trading portfolio can only handle so much.

This leads to the question… which one to buy?

Well, this rule specifically answers that!

Based on the screener results, you can see the following…

So what you have to do now is get each stock’s “rate of change” value.

Specifically, you’d have to pull up the rate of change indicator and set it at a  100-period…

Based on what can be seen in the above example, REGN has a ROC value of -31.73

Now, although you need to obtain the 100-day ROC value for all the stocks listed in your screener results yourself, for the sake of this guide, I have provided some example values for you here!

• REGN: -31.73
• STZ: -19.66
• TPL: -8.01
• STLD: +8.77
• A: -8.03
• COO: -7.54
• CACI: +1.87
• S: -22.8

What you need to do next is rank them based on their values:

1. STLD: +8.77
2. CACI: +1.87
3. COO: -7.54
4. TPL: -8.01
5. BF.A: -8.03
6. STZ: -19.66
7. S: -22.8
8. REGN: -31.73

Recall, this Bollinger Band trading system has a maximum of 5 trades.

This means you should allocate no more than 20% of your capital to each stock.

So, this is a way of finding out which stocks are most deserving of your money!

And based on the rankings in this example…

You’d have to prioritize entering STLD, CACI, COO, TPL, and BF.A! (and ignore the rest.)

Now, if, for example, you already have 3 open trades, then all you need to do is to only enter the top 2 on the list.

So to reiterate – rank stocks from strongest to weakest based on their 100-day rate of change.

Then, prioritize trading them based on the ranking until you reach 5 total open trades!

With that out of the way, let’s now move on to entries and exits.

The best piece of advice I have is…

Place a 3% buy limit order below the last closing price

Whatever the last closing price is, as the stock closes below the lower band…

Just subtract 3% from the price, and then you get your limit order price!…

The reason you do this is that you want the stock to come to you even further.

There needs to be sellers still seeking the bottom, only for the buyers to swoop the price back in like an extended rubber band…

Essentially, if your limit order did not get triggered…

…take the order out and do your scans again the next day.

Make sure no limit order lasts more than a day!

Got it?

Overall, this rule is a pretty great criterion to identify oversold stocks.

So, now that you’ve entered the trade, how do you manage it?

After all, there’s no point in entering a stock if you don’t know how to exit it, right?

Importantly, no “gut feelings” necessary here, either…

If your order is filled, sell when the 2-day RSI crosses above 50 or after 10 trading days

I know, this article is about the Bollinger Bands.

So, why the heck is the RSI sliding into this article?

Well, the 200-period moving average makes sure the stocks being traded are in an uptrend.

With that in place, the Bollinger Band helps you enter and look for pullback setups.

The RSI indicator helps work out exits.

Recall, the idea of this strategy is to capture pullbacks…

At the same time, you don’t want to overstay into the trade, and at best, only capture the strength of that pullback setup.”…

And this, my friend, is what the RSI indicator is for

Once you’re in the trade, wait for the price to close above RSI 50…

Then, exit the next day at the market’s “opening”…

Oh, and don’t forget plan B.

Just in case the stock doesn’t do anything, there should also be a time-stop.

If the price doesn’t close above the RSI 50 after 10 day?

Exit on the 11^th day.

And yes, if your limit order gets triggered, it already counts as the first day!

Make sense?

So now to address the questions lurking at the back of your mind…

Does this strategy work?

If it works, what kind of returns can you expect?

Bollinger Band Trading System Results

Notice how I always say “system” throughout this guide?

It’s intentional, because clearly there’s more than one aspect involved here.

However,  the rules are objective and clearly defined, meaning it can be easily tested.

In this case, let’s backtest it from 1995 to 2024.

This set of data means that the strategy will show its performance, even through multiple financial crises!

And of course, this system operates in the Russell 1000 universe.

P.S. the data also includes stocks that are already delisted as well as stocks that came in and out of the Russell 1000 index.

So, here are the results…

• Net profit: +7,577.84%
• Number of trades: 1365
• Average Annual return: +15.56%
• Maximum drawdown: -23.20%
• Winning rate:94%
• Payoff ratio:74

As you can see, this system only had 2 losing years out of all 30, and if you look at the statistics, this system has a win rate of 66%.

That’s one heck of a system!

I mean, sure, there are some mediocre years…

But overall, it’s clear the system has an edge in the markets.

However, as with all strategies, there are weaknesses.

Any strategies will have their losing streaks.

So, for transparency, here’s an underwater equity curve of this system…

Basically, it shows how often the Bollinger Band trading system goes into a losing streak and for how long it stays there before it breaks even again.

And there you go!

A complete Bollinger Band trading system that works in the markets!

Now at this point, all that’s left is for you to apply the system, which admittedly is the hardest part.

Because as time goes on, you need to develop a full understanding of this strategy.

Which, at this point, you might start wondering…

“Why this indicator?”

“Would the system still work if I modified the settings?”

“How about trading this system in the S&P 500? Will the system still work?”

Rest assured, I have created an FAQ section, which likely contains the answers!…

Frequently Asked Questions

Some commonly asked questions about the Bollinger Bands trading system…

What type of order do I use to enter the trade?

As per the rules of the strategy, always use a limit order.

If your limit order does not get triggered for today’s session, for example, then the limit order must expire.

Basically, no buy limit order lasts more than one day.

Why do you use the Russell 1000 instead of the S&P 500?

There’s no particular reason.

You can use the S&P 500, and the trading system will still work!

When it comes to the 200-period moving average, do I use a simple or exponential moving average?

I use a simple moving average but to be honest, it doesn’t matter.

You can use an exponential or weighted average, and the trading system will still work!

The concept behind it is what matters, not the parameters.

I’d be worried if a trading system broke down simply because of a parameter change!

Does the Bollinger Band trading system work for short selling using an opposite set of trading rules, meaning you short stocks at the upper band?

I’ve backtested this extensively, and unfortunately…

It doesn’t work.

Would this trading system work for Forex markets?

Different markets have different behaviours.

So, if you want to trade this system on other markets, those markets must have a mean-reverting behaviour or it won’t work.

What does position size 20% mean?

It means 20% of your capital will be used to buy a stock.

For example, let’s say you have $100,000 capital and you need to buy stocks A, B, C, ,D and E.

This means you’ll allocate $20,000 to stocks A, B, C, D, and E.

After which, all your trading capital will be used up, and you’ll not take any new positions (even if there’s a valid setup).

Isn’t it dangerous to trade without a stop loss?

Although you’re trading without a stop loss, you have a time stop of 10 trading days.

So, if the exit signal is not met within 10 trading days, you’ll exit the trade on the open of the 11th trading day.

Also, for you to lose all your trading capital, every stock you buy must drop to $0.

It’s possible but unlikely as you’re trading stocks in the Russell 1000 (which are the 1000 largest stocks in the USA).

You rank stocks according to their Rate of Change (ROC). Is there a minimum ROC value you’re looking at?

No, there’s no minimum value for it.

If the screener results show a stock with a negative rate of change, do I still take the trade?

Yes, you still take the trade even though the stock has a negative rate of change

How much starting capital do you need to start trading with this system?

You should have at least $3,000 to trade the Bollinger Band trading system.

But if your broker allows you to trade fractional shares, then you can open an account smaller than $3,000

What if the stock price gap is more than 3% lower? Do I still buy the stock?

Yes, you will still buy the stock, albeit at a lower price (below your limit order).

Also, turn OFF pre-market trading. Most platforms have it turned off by default, but if yours is on, please switch it to OFF. If not, you will end up buying the stock at a higher price.

Now, here’s one secret that I want to tell you:

This is just one of the working systems.

What was discussed here is mean-reversion trading; however, there are also trend-following systems and breakout trading systems.

All with an edge in the markets!

Now, imagine if you could trade multiple (uncorrelated) trading systems that work.

It’s like having multiple streams of long-term income, right?

So, if you want to learn more about it, then there’s a new book being released called Trading Systems That Work.

In this book, you’ll get the full package.

It contains the system I shared with you today but much improved, and also three other systems.

If you’re interested, then you can check it out here.

With that said…

I want to know what you think.

Do you think that systems trading is the “easiest” way to find an edge in the market?

If so, do you plan to develop your system someday?

Or try to trade one that already works and then work from there?

Let me know your thoughts in the comments below!

Recent courts have ruled XRP It has proven to be more than just a legitimate victory for Ripple. What began as a legal battle for the High Stakes has evolved into a precedent setting moment that challenges long-standing interpretations of securities law. The impact of the verdict is now felt throughout the global market, forcing institutions to reassess their involvement with digital assets.

How a Verdict sets a crypto precedent

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Related readings

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Getty Images Featured Images, Charts on tradingView.com

08 August Chart decoder series: Volume + obv – Smart Money Tracking System

Welcome to the Chart Decoder series. Here we categorize tools that separate casual traders from the strengths of veterans.

In the final episode, I explained it.

Today we dive into volume and obv (balance-on volume). Read together, these two indicators reveal where institutional money is flowing before the crowd catches up.

What is On-Balance Volume (OBV)?

Obv is a cumulative indicator created by Joe Granville in the 1960s. It is built on one simple premise. Volume precedes price. Smart money moves first, and prices continue later.

The calculation is simple:

• End of today > If the end of yesterday: The buyer won. Add today’s volume to obv
• If the end of today The seller won. Subtract today’s volume from obv
• If the end of today = the end of yesterday: It’s a draw. The obv remains the same

result? A tally of running purchases over time and pressure to sell.

Please note that OBVs only respond to closing prices. Daytime swings are irrelevant. You may see a deep red candle, but if prices rise more than the previous day, the OBV is still rising. In other words, the buyers had the final say.

How to read volume + obv:

volume It tells you how strong the movement today is.

obv Indicates whether purchasing or selling pressure is piling up over time.

Put them together, you get both short-term action and larger images.

1. Confirmed uptrends: OBV + large capacity + rising price

Everything is lined up: institutional accumulation (obv), strong participation (quantity), and upward movement (price). These are usually the most reliable trends. Momentum and smart money both support movement.

2. Accumulation zone: OBV + Low volume + Lateral price increase

Smart money accumulation stage. The institution is quietly building positions without dramatically moving prices. This often precedes a big breakout when retailers finally realize. Watch out for sudden volume spikes or price breakouts and check the movement.

3. Distribution phase: obv + large capacity drop + down price

Ongoing distribution. Smart Money is on sale (OBV) and currently has a panic sale (volume). These moves often need to go further as sales pressure is built up. If you have a long position, quickly reassess.

4. Divergent Pattern The most powerful signal occurs when the OBV and price disagree.

• Bullish divergence: Prices appear to be weak or delayed, but they obviously rise quietly. This is a sign that a major player is purchasing it. This could be a setup for a breakout.
• Bearish emancipation: Prices continue to climb, but OBV is slipping. This means that demand is fading downwards. Smart money may end early.

5. Breakout confirmation: OBV + Spying volume + Increased price destruction resistance

This is a dream setup. The institutions are already accumulating, retailers are jumping in, and there is real confidence in the breakout. Often this is a green light. Make sure you’re too late to chase.

Actual example: BTC/USDT analysis

• price: $119,100
• obv: Flat at 15,302k
• volume: It’s low and stable

The BTC has consolidated just under $120,000 after a strong rally, but the OBV is no longer climbing. The lines are flattened and there is no offensive sales, but neither suggests that strong accumulation is ongoing. This pause in OBV could mean that Smart Money is waiting and not selling, not actively purchasing. The volume remains light, so breakouts from here require new beliefs to stick.

There is no clear divergence at the moment, but the market is stagnant. Look carefully at the obv: if it starts to rise again on a green day, it may have returned the early signalble.

Volume + obv + other indicators:

This combo works even better when combined with tools you already know.

• Volume + obv + vwap: As OBV rises and prices approach VWAP in large numbers, they often show institutional support at fair value levels. There may be a bounce.
• Volume + obv + rsi: Rising in RSI in excess territory often marks a significant bottom. Smart money is buying while sentiment is poor. This can be a turning point.
• Volume + obv + magd: If obv rises and Macd is over bullish, it will strengthen the uptrend case. If the obv is falling and your Macd is bearished, the sales signal will increase the weight.
• Volume + obv + Bollinger Band: Bollinger bands show extreme prices. The obv can tell if these extremes are supported by actual pressure.
  If you hit a low price band but your OBV is rising, this can result in a quiet buildup during pullback. The possibility of rebounding could be brewing.
  If the price hits the upper band but the OBV fails, this may signal distribution during the hype. Possible fixes may continue.

Bonus Lead: obv + volume + vwap – Triple Confirm Setup

• price: $119,100
• VWAP: 118,737
• obv: Flat at 15,302k
• volume: It’s low and stable

Here’s what this chart tells us:

• The price is a little On vwapwhich suggests that BTC is slightly above fair value based on recent volumes. It’s neutral to mild bullish, but it’s not a strong signal in itself.
• I have an obv It’s flattened It shows that cumulative purchase pressure has stagnated after a solid uptrend. Smart money may be taking a break, they don’t sell, but they don’t actively buy it either.
• The volume remains Lighttherefore, there is no panic sales, but there is no surge in convictions from either side.

Conclusion: This is a neutral zone. Prices are stable just above VWAP, but OBV and Volume have not yet confirmed breakouts. If the obv starts to rise again with volume spikes, it could become your green light. Until then, stay patient.

Pro tips for volume + obv:

1. Use multiple time frames

• Daily OBV: Shows long-term institutional flows
• 4 hours obv: Suitable for swing trading setups
• 1 hour obv: Helps with accurate input timing

2. Watch not only the obv value but also the trend changes

Don’t see if the obv is positive or negative. Beware of trends changing. To rise after a long decline is more meaningful than to flatten a few weeks.

3. Volume quality issues

Not all volumes are equal. Activities during London/New York sessions often reflect institutional participation, but weekend or early Asian volumes can be noise.

4. Combined with major price levels

OBV works best when Price is nearby Support or resistance. If OBV is rising and prices are pushing towards resistance, there could be a breakout. If the obv is falling and the price is approaching support, it can drop.

5. Bear the divergence

Differences between price and obv can last for days or weeks. Just because OBV is rising while prices remain flat (or fall) doesn’t mean there will be breakouts today or tomorrow. In many cases, major players slowly and quietly build positions. It may take some time for prices to catch up.

6. I know the limitations

Choppy Market: obv gives a mixed signal during extended lateral actions as money flows back and forth without a clear direction.
News Events: Major developments can distort OBV readings due to price gaps.
Do not use alone: Always combine price actions with other metrics for confirmation.

Try it with Bitfinex:

1. Log in to Bitfinex
2. Select the main trading pair (BTC/USD, ETH/USD works well)
3. Add a volume histogram at the bottom
4. Add OBV from the indicator menu
5. Look for the patterns we discussed
6. Practice finding divergence between price and obv

Next chart decoder series: ATR (average true range): How to measure market volatility and position size, like Pro.

Bitfinex. Original Bitcoin exchange.

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Vietnam has launched a national blockchain system to support the digital tools and services used across the country.

Known as NDAChain, the platform is designed to help verify transactions and protect sensitive data shared between people, companies, and public agencies.

The National Data Association developed the system and will be managed by the Ministry of Public Security.

Did you know?

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NDAChain uses a combination of centralized and decentralized technology. This setup is meant to improve reliability and reduce the risk of hacking, slowdowns, and problems with connecting to other systems.

At the core of the network are 49 validator nodes. These are operated by both government bodies and major private companies, including SunGroup, Zalo, Masan, MISA, Sovico, and VNVC.

The network has two main goals. First, it will record and confirm digital transactions across areas like government services, finance, healthcare, logistics, and education.

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To make identity checks quick and easy, the government has introduced the NDAKey app. The app allows users to confirm their identity within seconds.

Meanwhile, Thailand’s Securities and Exchange Commission (SEC) has recently sought public feedback on potential changes to its rules for individuals investing in crypto token sales. What did the agency say? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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