US Tech 100 – 10 min – Below Bollinger Down long strategy

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Viewing 15 posts - 1 through 15 (of 16 total)
  • #166317

    The following code looks for a close position 6 points or more below the low Bollinger line, as a secondary check it also then assesses if the current close is lower than the current day open position (US time) alongside making sure the averages 50 and 20 are positioned right for a long trade.

    The stops and take profits are sized to the US Tech 100 (DFB) so I would advise caution if you decide to use this on other instruments. I’ve also experimented with different time periods and it’s safe to say that it runs best on 10 minute intervals.

    As you can see from the image, the back testing has produced some very positive results and the strategy seems to be getting stronger over time as the index grows.

    Naturally past results are not indictive of future results, so please use responsibly at your own risk.

     

    #166538

    Looks interesting, thanks for sharing.

    First thought: stoploss at 475 points? Wow, that’s a long long way to carry a bad trade – more than 3% …  hmmm 🤔

    #166559

    Sorry, I need to get my eyes checked – there’s no stoploss at all, just the exit code.

    That’s fine, but “set stop ptrailing 475″ doesn’t make sense. The trail can’t start at 475 if the target is 300

    #166574

    The code stops a bad trade, the points trailing stop loss is 475 points below the opening position. This is just an additional failsafe should the market fall dramatically. At which point it would more than have likely trailed above the opening position.

    #166576

    P.s. a trailing stop loss is still a stop loss, it just decreases with profit.

    #166577

    Yeah, got it, it’s not a type of stop I ever use and I confused it for something else. When I think of trailing stop, I want something that locks in profit once it’s moved in my favour, rather than just reducing the max loss. But it seems to work, so go for it – best of luck.

    #166579

    It does that too.

    #166580

    475 is the most optimal starting position. Any less and the overall gains take a hit because trades close too early, making profit but not at the maximum potential.

    #166599

    Hi

    Thanks very much for posting, looks interesting.  As this is a long only strategy, trading an index that has been in a long up trend, please could anyone with a Premium account run it on 1M bars to see how it fairs during a down turn?

    I like how it performs through the volatile months (Oct – US Election, Feb – Bond rally, Mar – Hedge Fund blow).  The DD in Oct was relative, but not significant in terms of performance.

     

    1 user thanked author for this post.
    #166601

    Hi Thanks,

    I’ve provided a more detailed view by month covering the events you mention above, naturally it’s not impervious to these events but it handles them well and there’s always a nice kickback to be had following a bad month.

     

    1 user thanked author for this post.
    #166604

    Here with 1 Million …. not bad except the Drawdown.

     

    2 users thanked author for this post.
    #166606

    Hi Sorry,

    Screenshot above were from a slightly modified version. Here is a 24 month view using the code above.

    1 user thanked author for this post.
    #166608

    Thanks,

    Currently working on a version to handle drawdown better, would be good to get a test on that too if possible?

    #166611

    If you publish the new version I can always do it with 1 million bars.

    Hello

    2 users thanked author for this post.
    #166639

    The above version with 1 million bars was mistakenly done with Dow J. ….. so if it performs well with another market it is a great start to trading system.
    this is with US Tech 100.

    Hello

     

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