EUR/JPY BBands. 10-20 Pips per trade. | Forex Factory

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Attachments: EUR/JPY BBands. 10-20 Pips per trade.
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EUR/JPY BBands. 10-20 Pips per trade.

  • #1
  • First Post: Sep 7, 2009 12:38pm Sep 7, 2009 12:38pm
Hi.

Fellow traders. I'm going to tell you about my good friend BBands STOP V_01.
It's very very easy and it's very very profitable.

By the way if you want to use this system on other pairs backtest first. EY showed very good results.

So we need BBands STOP v.1. It's something like Bollinger Bands. Just a bit different. Put em both on the chart to see difference.

You can chose TP. 10 - 20 pips.

If system like this is here let me know. I just didn't go through whole forum.

And enter trade after first dot forms. That means on second candle. In example candles after yellow lines.

Time Frame - 15 mins
  • #2
  • Sep 7, 2009 12:39pm Sep 7, 2009 12:39pm
BBands 20.2
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.PNG Size: 33 KB
Attached File(s)
File Type: ex4 BBands_Stop_v1.ex4   6 KB | 682 downloads
  • #3
  • Sep 7, 2009 12:52pm Sep 7, 2009 12:52pm
Time2trade, is this system on the same lines as your previous stragety.Stochastic's and Bollinger's adventures. the chart for that was very busy, this one looks much better..
  • #4
  • Sep 7, 2009 12:57pm Sep 7, 2009 12:57pm
Quoting rebelheart
Time2trade, is this system on the same lines as your previous stragety.Stochastic's and Bollinger's adventures. the chart for that was very busy, this one looks much better..
Well I don't think it's like that one but you're right. It's similar. But Much better and easyer I think
Thanks for feedback

Oh.. And in this case I use BB different
  • #5
  • Sep 7, 2009 1:06pm Sep 7, 2009 1:06pm
this is a very interesting system, have you tested any other exit strat than just 10-20 pips?

Also, I notice there is no stoploss put in the system at all, does this ever effect you negatively? And if so, how much?

Do you think this would work better on the more volatile correlated pairs such as GBP/JPY?

Thanks.

Pharoah
  • #6
  • Sep 7, 2009 1:21pm Sep 7, 2009 1:21pm
Quoting Pharoah
this is a very interesting system, have you tested any other exit strat than just 10-20 pips?

Also, I notice there is no stoploss put in the system at all, does this ever effect you negatively? And if so, how much?

Do you think this would work better on the more volatile correlated pairs such as GBP/JPY?

Thanks.

Pharoah
Well you see, the thing is every one likes to place stoploss somewhere else. And everyone customs a system so they like it etc. And about tp - no. This is only way I use.

And GBP/JPY - see for your self
  • #7
  • Sep 7, 2009 1:23pm Sep 7, 2009 1:23pm
Quoting TimeToTrade
Well you see, the thing is every one likes to place stoploss somewhere else. And everyone customs a system so they like it etc. And about tp - no. This is only way I use.

makes sense.
  • #8
  • Last Post: Sep 7, 2009 3:25pm Sep 7, 2009 3:25pm
Hi.
I just see your post and, seems to be very neat and easy, I'll start testing it.

My question is: what difference (besides the amount of course) there is between 20 and 10 TP seleccions? i.e. works 75% better in the 10 TP scenario than in the 20 TP.

And what is the percentage of winning trades?

Cheers!
Victor Velazco
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