John Bollinger’s BBForex.com Now Features Dynamic Stops and Powerful New Bollinger Band Indicators
To provide Forex traders around the world with the most professional tools, BBForex has added Chandelier and Parabolic stops to their interactive Flash charts. Also included are a wide range of Bollinger Band indicators and technical analysis tools.
Two types of stops are offered, Chandelier and Parabolic. The most popular is the Chandelier Stop, which is a trailing stop that was popularized by Chuck LeBeau. These are dynamic, progressive stops based on trade progress and the volatility of the market. Also available are Welles Wilder’s Parabolic Stops. Parabolic refers to a price and time based trading approach. These stops increment each period, while Chandelier stops wait for the trade to progress. Both stops, Chandelier and Parabolics, can be calculated starting at the time that you enter a trade or plotted as always in the market trading indictors.
What makes the development of stocks on BBForex unique is that both Chandelier Stops and Parabolic Stops can be plotted on BBForex charts for trades based on the users’ actual trading activity, for either for long or short positions. A detailed trade report is provided for each stop whether a discrete trade or continuous system approach is chosen. Like all of BBForex advanced chart features, stop parameters for each user are saved and will be reloaded using the same settings at the next log in. As data is updated users’ stops are adjusted automatically and a current trade report is generated.
Says Bollinger “Forex traders have been telling me for years that they rely on Bollinger Bands to make trading decisions. The addition of being able to plot stops on BBForex charts has made the site so much more powerful. Knowing when to exit a trade can be more important than when you enter.”
BBForex Pro provides the following and more:
- Interactive flash charts with more than 30 technical indicators and the ability to draw
- TrendLines Exclusive Bollinger Band indicators not available elsewhere
- The option to include streaming forex news on the charts
- Forex grid with real-time customizable currency conversion table
- Lists of potential trades of currency pairs using trading systems based on Bollinger Bands
- Screening, analytics and signals based on Bollinger Bands
- Patent pending 2D and 3D charts
- Programming capability that runs on BBForex interactive charts
- And now dynamic stops
Another unique to BBForex feature is BBScript that provides the ability for forex traders to program, test, save and run programmable scripts without having to utilize a desktop software package. While many websites offer financial charts, being able to create and customize your own indicators provides a new level of service to BBForex Pro subscribers.
Forex traders have been using Bollinger Bands for years. BBForex.com is a website created by John Bollinger, the creator of Bollinger Bands, dedicated to providing Bollinger Band analytics for the forex market.
About John Bollinger
John Bollinger is best known for his Bollinger Bands, which have been widely accepted and integrated into most of the analytical software currently in use. He is the president and founder of Bollinger Capital Management, Inc., an investment management company that provides technically driven money management services. The firm also develops and provides proprietary research for institutions and individuals.
Mr. Bollinger has published the Capital Growth Letter since 1987 and is interviewed regularly on television and radio. He is a speaker at financial seminars worldwide and the founder of several financial websites: www.BBForex.com, www.FundsTrader.com, www.BollingerBands.com, www.BollingerOnBollingerBands.com, www.GroupPower.com, www.PatternPower.com, www.MarketTechnician.com and www.BBForex.com.
John Bollinger is the recipient of the 2005 Market Technicians Association Annual Award for Outstanding Contribution to the Field of Technical Analysis.
JOHN BOLLINGER IS AVAILABLE FOR INTERVIEW.
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Bollinger Capital has been providing technically driven money management services since 1988. The firm also develops proprietary research for institutions and individuals, and has eight internet websites that provide analysis of the financial markets.