Bollinger Bands Coding

Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • 08/20/2016 at 4:02 PM #11955 quote
    smurfy
    Participant
    Junior

    Hi all,

    just want to check how do I get the Middle Line for BB?

    BBPERIOD = 20

STDDEV = 2

AVG = Average[BBPERIOD](close)
BBUPPER = AVG + (Std[BBPERIOD] * STDDEV) // Upper Bollinger Value
BBLOWER = AVG - (Std[BBPERIOD] * STDDEV) // Lower Bollinger Value

     

     

    I tried to calculate but the value I getting is so much different from the one on the Chart.

    Understanding that IG uses 10.2 PRT (WTH!!! already called them to upgrade), but is there a way now for me to Test my coding results to see what is the value calculated so that I can match what I see on the Chart?

    Thanks all!

    08/20/2016 at 4:05 PM #11956 quote
    Nicolas
    Keymaster
    Master

    Hi, bollinger bands center line is a “simple moving average” of 20 periods, as you already calculated it with your AVG variable.

    08/20/2016 at 4:10 PM #11958 quote
    smurfy
    Participant
    Junior

    Hi Nicolas,

    Great, thanks for your reply. Do you think using BB, RSI and MACD can identify Breakouts and take some profits from there?

    Also, I keep thinking on a scenario on how to code it.

    For example, if this strategy identifies a breakout, and enter a position to either buy/sell along with the breakout:

    Q: how do I determine the Take Profits portion? Well Stop Loss can be my previous bar highest or lowest for the time being and later can add in some risk management portion.

    Q: how do I “tell” my Bot not to repeat the same trend again as I already took profits. Maybe the trend is still there, but I already exit with some profits….

    Thanks!

    08/20/2016 at 6:08 PM #11969 quote
    Nicolas
    Keymaster
    Master

    About the take profit, you should focus on keeping the best risk/reward ration the market can offer. In my own experience, I encourage you to cut quickly your loss and let your profit running.

    For your second question, it depends mainly on how the conditions for your strategy to initiate a trade are met.

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.

Bollinger Bands Coding


ProOrder: Automated Strategies & Backtesting

New Reply
Author
author-avatar
smurfy @smurfy Participant
Summary

This topic contains 3 replies,
has 2 voices, and was last updated by Nicolas
9 years, 6 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 08/20/2016
Status: Active
Attachments: No files
Logo Logo
Loading...
Do you like cookies? 🍪 We use cookies to ensure you get the best experience on our website. (Learn more)
©2026 ProRealCode - Trading & Coding with ProRealTime™