using bollybands as a stop loss

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • 12/22/2022 at 3:06 PM #206201 quote
    LivJoJade
    Participant
    New

    is it possible to use a different deviation BB as a stop loss instrument. Say I want to enter short above the upper band of a standard BB with a target of crossing the middle line (average) and implimenting a close above a +3 deviation BB for a stop loss.

    Hope that makes sense.

    12/22/2022 at 4:23 PM #206204 quote
    JS
    Participant
    Senior

    Hi@LivJoJade

    That’s possible… 

    DefParam CumulateOrders=False

n=20 //20 Days

xAvg=Average[n](Close)
xStd=Std[n](Close)

xBB2Up=xAvg+2*xStd
xBB3Up=xAvg+3*xStd
xBB2Down=xAvg-2*xStd
xBB3Down=xAvg-3*xStd

If Close Crosses Over xBB2Up then
SellShort 1 contract at Market
Set Target pProfit (xBB2Up-xAvg)
Set Stop pLoss(xBB3Up-xBB2Up)
EndIf

If Close Crosses Under xBB2Down then
Buy 1 contract at Market
Set Target pProfit (xBB2Down-xAvg)
Set Stop pLoss(xBB3Down-xBB2Down)
EndIf

    12/22/2022 at 5:56 PM #206207 quote
    JS
    Participant
    Senior

    Hi@Livjojade

    To avoid negative values, you must take the absolute values for the Stop Loss and the Take Profit…  (or immediately fill in the right values… 😉 ) 

    DefParam CumulateOrders=False

//n=20 //20 Days

xAvg=Average[n](Close)
xStd=Std[n](Close)

xBB2Up=xAvg+2*xStd
xBB3Up=xAvg+3*xStd
xBB2Down=xAvg-2*xStd
xBB3Down=xAvg-3*xStd

If Close Crosses Over xBB2Up then
SellShort 1 contract at Market
Set Target pProfit abs(xBB2Up-xAvg)
Set Stop pLoss abs(xBB3Up-xBB2Up)
EndIf

If Close Crosses Under xBB2Down then
Buy 1 contract at Market
Set Target pProfit abs(xBB2Down-xAvg)
Set Stop pLoss abs(xBB3Down-xBB2Down)
EndIf

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.

using bollybands as a stop loss


ProOrder: Automated Strategies & Backtesting

New Reply
Author
author-avatar
LivJoJade @livjojade Participant
Summary

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

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 12/22/2022
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™