Bollinger200 TrendCatcher 15min

Bollinger200 TrendCatcher 15min

So I recently got the idea of using Bollinger Bands in conjunction with the 200MA to identify a trend. I found that during choppy periods on when a market is consolidating the 200MA tends to stay within the Bollinger Bands. Once the Bollinger Bands clear the 200MA I enter a position on the first pullback to the 20MA.

Exits are triggered on the first pullback to the 20MA once a close beyond the 50MA is registered.

I also added a plain SL and TP, this can be optimized along with the Deviations variable

The included example is based on EURUSD 15min with a spread of 0.8

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  1. juanj • 351 days ago #

    This gets me thinking about creating a strategy on the 5min timeframe that only takes trades in the direction of the trend when the 200MA is clear of the Bollinger on the 1 hour (or above) timeframe. This should drastically improve your odds of trading into the direction of a strong trend. Still eagerly waiting for multi timeframe support

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