Bollinger Band Strategy – Help in coding

• 04/20/2016 at 12:04 AM #5693
  bewise

  Dear forum experts,
  I am trying to trade 30min, using the bollinger band. Any spikes above the bollinger to take a reversal trade on the same bar, both on the long and short side. Can someone help me see what’s wrong with my code (below)? The backtest does not show the trades according to my thought process. Sometimes it opens where I see the price overshoots the bollinger, and sometimes it does not open a trade where I see the spike. Ideally, this strategy uses the same (current) bar to get the signal and to open the trade but not the next open bar. Appreciate any help here. Tks.

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  DEFPARAM CumulateOrders = False // Cumulating positions deactivated Boll = 20 // Conditions to enter long positions indicator1 = high indicator2 = BollingerDown[Boll](close) c1 = (indicator1 < indicator2) IF c1 THEN BUY 1 CONTRACT AT MARKET Endif // Conditions to enter short positions indicator5 = close indicator6 = BollingerUp[Boll](close) c3 = (indicator5 > indicator6) IF c3 THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF // Stops and targets SET TARGET $PROFIT 1

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  DEFPARAM CumulateOrders = False // Cumulating positions deactivated Boll = 20   // Conditions to enter long positions indicator1 = high indicator2 = BollingerDown[Boll](close) c1 = (indicator1 < indicator2)   IF c1 THEN BUY 1 CONTRACT AT MARKET     Endif   // Conditions to enter short positions indicator5 = close indicator6 = BollingerUp[Boll](close) c3 = (indicator5 > indicator6)   IF c3 THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF   // Stops and targets SET TARGET $PROFIT 1

   

  

  bewise

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