BOLLINGER BANDS CONTRACTION 5min FOREX

BOLLINGER BANDS CONTRACTION 5min FOREX

Hi all,

I wanted to share this simple but effective strategy. It is only for 5 min time frame until multi timeframe is working in the platform, I also tested in different forex markets but not in index nor in commodities. Here is the set up for long position (for short position is the opposite).

  • Price is near and above the SMA200 hourly (i.e SMA 2400 period for 5min timeframe and a bollinger bands for definition of “near” by using the variable BB2400).
  • Contraction of Bollinger Bands of period 200 and SMA200 is upwards, contraction defined by the upper band below a maximum of its value in very short term.
  • Open Stop Order at the near term resistance by using a pseudo Donchian Channel customized by me.
  • Exit at my dynamic SAR (you can check information in a forum of me about this topic) also if close is below support. No profit target.
  • Capital management is deactivated but can be activated in the code if needed.

Have a good trade and just tell us your best setup or if you improve the code.

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

  1. CN • 05/17/2018 #

    Added this to live.
    The issue I see is that it can have 100$-200$ win without taking the money.
    The only thing that happened is waiting the stop to be triggered.
    How come?

  2. Leo • 05/17/2018 #

    This strategy does not have a Profit target, instead it has a Modified parabolic SAR which is accelerating by comparing the actual Profit with the initial stoploss (line 127 to 139)

  3. Mattzi • 293 days ago #

    Running this one in demo with CAC40, inte backtest it buys and sell but not when running live. Do you know why?

    • Leo • 293 days ago #

      Does it opens pending orders?… maybe they were not trigger.

    • Mattzi • 293 days ago #

      Dont know, all i can see is that it opened an order yesterday in backtest but not live.
      The strategie has only made one trade so far maybe it will open the next.

  4. Jean-Christophe • 291 days ago #

    Hello Leo, when running the strategy from 29/12/2015 to 31/08/2018 on ProRealTime Premium, I noticed that the system stops automatically on 27/04/2016.
    I analyzed the performance (32 months of historical data):
    – There is a loss for Year 2016
    – Results are good from early 2017 till now as describded in your screenshot

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar
Related users ' posts
Marie-Eve Vergoz lorsque je copie les codes, le système me signale des erreurs à la ligne 12 et suivantes
Marie-Eve Vergoz sorry - tout est ok -
winnie37 yes. "No ground breaking math here, but I am finding very useful and some algo based on it i...
Jan Wind Also interesting to know what does not work, which set up you use, saves me investigating ! ...
winnie37 i just set the proorder like this: buy when 50/100/200 phase >0 and sell when under 0, go...
Vinks_o_7
1 month ago
Jan Wind fatcat, sorry to hear. Today I did run the code for 100.000 bars (from 17 dec 2017 till 31 ...
GraHal I confirm that I get almost exactly the same (+7 days difference now) results as Jan states ...
Jan Wind A discussion Topic is opened, and can be found at https://www.prorealcode.com/topic/di-tem...
Juanjo Hola, Buscando un sistema valido para operar el squeeze, he reprogramado el indicador para ...
mauro1966 BRAVO....
Nicolas En effet merci, erreur corrigée, la variable Risk affecte désormais comme il se doit les cal...
nader003 How can we get this indicator on MT4
Nicolas You can ask for private custom coding to our programming services: https://www.prorealcode.c...
Francesco78 derschnee spiace a me che non riesci a replicarla. Prima di esprimere giudizi pensaci 2 volte.
avatar
unkown ;-) sfido chiunque a riuscirci!
avatar
unkown infatti basta leggere i post degli altri....
juanj DId some tests using MACD validations on higher timeframes using MTF functionality and unfor...
FREDNC Hi Francesco I tried with :
FREDNC adx[14]>adxmin and adx[14] > adxr[14] and adx[14]>adxmin and adx[14] DIminus[3](clo...
Maik2404 es sind leider nur long Positionen und keine Short zu erkennen.
Maik2404 Vytautas: es bleibt aber nur bei long Auslösungen
ullle73 this one is not a winner, have backtested it on almost all pairs, does not have an edge
lokbuscas is it possible to make a screener with this conditions??? thank you
achel I believe so but I leave it to Nicolas to decide if it is possible
Nicolas Please open a new topic in the screeners forum
Vonasi Discussion on this indicator/filter can be found here: https://www.prorealcode.com/topic/121...
Vonasi Forum discussion on these indicators can be found here: https://www.prorealcode.com/topic/av...
jennr29 Hi. Is it possible to convert this code to an mq4 file?
Nicolas Sorry but our website is dedicated to prorealtime programming. However, you can ask for priv...
odin here is my code c1 = ExponentialAverage[3](close) c2 = ExponentialAverage[5](close) c3 ...
juanj HI Odin Can you also kindly provide the code for the 'Short Term Trader Squezze' indicato...
odin this is the short term Trader squezze indicator. short term Trader in Trouble and squezze is...
Geronima Ortiz I watched the video three times, but I can not put the npips parameter as a variable. I do...
Geronima Ortiz I think the video is for an old version of prorealtime, the images do not correspond at all ...
Nicolas indicator1 = CALL “PRC_StopReversal”[npips, 1] and define npips in the optimization window ...
Tradingrob Is it possible to make this indicator also suitable for dax30, s&p500, mdax50, and even...
Pablo Jimenez Hello, Odin , thanks for this amazing strategy. One question , would it work for indexes cfd...
Juanjo Hola, Gracias por la estrategia. Cuando comentas que funciona para todos los mercados, ...¿f...
Caribeengeek Bonjour j’avais vu que vous proposiez d’écrire des codes pour ceux qui s’y connaisse pas Mai...
Caribeengeek Les devises unité
Nicolas Merci d'utiliser le forum pour les demandes de programmation personnalisée

Top