Another Bollinger Band Strategy
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Hello,
As there seems to be a wave of Bollinger Band strategies I thought I would have a go. And here it is. It’s a disaster! 🙂
This strategy will look for a candle that closes below the lower band, then will only buy if the following candle is an engulfing candle to the up side. To filter out unwanted trades, the current close must be greater than the close of ~1 week prior, plus it uses a simple 2 x MA filter. It currently has no stop loss, this is work in progress, so the max DD is huge.
I looks great on the Dashboard, but only because I have intentionally tested it over 100k candles. It’s far less sexy if you go further back. However, it has become a most useful exercise in what to look out for if you are considering buying a system, be sure to ask for a demo or a lot more info than what may initially be given.
DJI
15min
Timezone:EU
Anyway, it sparked initial interest and has been fun to create. I hope to find a way to make it more robust, perhaps even on other markets, and will share here if I do.
I hope you enjoy!
@AlgoHunter1 thanked this post
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Topic Details
| Forum: | ProOrder: Automated Strategies & Backtesting |
| Language: | English |
| Started: | 09/01/2021 |
| Status: | Active |
| Attachments: | 3 files |
