[Question] Do Bollinger Band contrarian (reversal) strategies really work? I think in trending markets you’d just end up losing a lot. [Answer]
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A trading method that earns using Bollinger Bands' σ on both outer and inner bands!
【Questioner】
Is contrarian use of Bollinger Bands really effective?
I think I would just lose a lot if a trending market appears
and if I only do trend-following, I would still lose badly in ranging markets...
【Answer】
Bollinger Bands
are often said to be specialized for contrarian trading,
but basically they are used for trend-following as well
However, Bollinger Bands are also a versatile tool that can be used for both trend-following and contrarian strategies
In other words, it depends on how you use them
Every method has its weaknesses for both trend-following and contrarian approaches
You don't have to rely on both
Beginners trying to do both will keep failing
Therefore, absolutely choose either trend-following or contrarian trading
With that choice, if you use Bollinger Bands
you can still cut losses normally even with contrarian methods
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