This thread is the next step from having found a suitable trading strategy. The strategy uses Bollinger Band period 80 and 20 on a hour chart.
Here we discuss the bots trading to see if it can be refined.
First refinement comes from the trading seen at start of week. There was a huge drawdown. Why?
Well last week Risk was on. That meant buy trades would be opened. By end of trading last week Risk was still on. But then the middle east erupted over the weekend. Some drones were sent to bomb the Saudi's oil facilities. When markets opened Risk was off or trying go off by assessing what world leaders were saying.
Unfortunately the bot had no way of gauging a changing of gears. That is the bot had no reversal alerts setups. So buy trades were pumped and DD shot up.
I had to close trades by Wednesday ,. Mean while I tried to figure how to assess market changes an then code that in so that our trading can match the same.
Side note, closing trades on a Friday is important . Clearly seen from what just happened this past week. So will updating a new version soon
Link to ver 02 https://www.forexfactory.com/showthr...2#post12518182
So far in trending it does well
Here we discuss the bots trading to see if it can be refined.
First refinement comes from the trading seen at start of week. There was a huge drawdown. Why?
Well last week Risk was on. That meant buy trades would be opened. By end of trading last week Risk was still on. But then the middle east erupted over the weekend. Some drones were sent to bomb the Saudi's oil facilities. When markets opened Risk was off or trying go off by assessing what world leaders were saying.
Unfortunately the bot had no way of gauging a changing of gears. That is the bot had no reversal alerts setups. So buy trades were pumped and DD shot up.
I had to close trades by Wednesday ,. Mean while I tried to figure how to assess market changes an then code that in so that our trading can match the same.
Side note, closing trades on a Friday is important . Clearly seen from what just happened this past week. So will updating a new version soon
Attached File(s)
BB8020_Plain_v01.mq4
1.7 MB
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320 downloads
Attached File(s)
BustaBB8020_v01.mq4
1.7 MB
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278 downloads
Attached File(s)
Pip_Xplo_v01.mq4
1.6 MB
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235 downloads
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Uploaded Sep 21, 2019 4:13pm
Link to ver 02 https://www.forexfactory.com/showthr...2#post12518182
So far in trending it does well
Attached File(s)
NoName.mq4
1.7 MB
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172 downloads
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Uploaded Oct 13, 2019 5:26pm
No_Name_v01.mq4
1.7 MB
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163 downloads
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Uploaded Oct 14, 2019 8:57am
No_Name_v02.mq4
1.7 MB
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166 downloads
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Uploaded Oct 15, 2019 11:24am