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BB break + trendline break

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  • Post #1
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  • First Post: Feb 13, 2019 9:15am Feb 13, 2019 9:15am
  •  hibra68
  • Joined Apr 2015 | Status: Member | 1,101 Posts
Hi I just wanted to share a trend break system with you guys.

You should just try it on past charts first than move onto demo.


Its simple
15 min tf AUDUSD (YOU CAN TRY ANY PAIR)

Lets look at BUY

We must wait for price to break and close below bottom of bollinger bands.

Option#1
if price breaks above midline of bollinger bands without first rejecting the midline than we buy at the close of the candle that breaks the midline.
our SL is 10 pips , we bring our SL to breakeven when price reaches 10 pips , we take profit at 15 pips.
Option #2
If price rejects midline we draw a trendline from the previous high to the top part of the wick of this rejection and wait for a break and close of this trendline. Our sl tp etc are same as above after this.

I will show examples.
the first example is option #2 where price rejects midline first
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  • Post #2
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  • Feb 13, 2019 9:20am Feb 13, 2019 9:20am
  •  Pollen
  • Joined Sep 2016 | Status: TMT Scalping... | 2,408 Posts
Trendline break is good entry,

BB is also good but the best way i used them is with TMT System
Using trendline pullbacks.

https://www.forexfactory.com/showthread.php?t=577639
TMT Scalping System (Best system on FF)
 
 
  • Post #3
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  • Feb 13, 2019 9:22am Feb 13, 2019 9:22am
  •  hibra68
  • Joined Apr 2015 | Status: Member | 1,101 Posts
example of a sell trade

this is option #1
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  • Post #4
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  • Feb 13, 2019 9:22am Feb 13, 2019 9:22am
  •  jesxrussel
  • Joined Nov 2017 | Status: Member | 290 Posts
Quoting hibra68
Disliked
Hi I just wanted to share a trend break system with you guys. You should just try it on past charts first than move onto demo. Its simple 15 min tf AUDUSD (YOU CAN TRY ANY PAIR) Lets look at BUY We must wait for price to break and close below bottom of bollinger bands. Option#1 if price breaks above midline of bollinger bands without first rejecting the midline than we buy at the close of the candle that breaks the midline. our SL is 10 pips , we bring our SL to breakeven when price reaches 10 pips , we take profit at 15 pips. Option #2 If price...
Ignored
quite interesting...good job!!
Know The Presence Of The Market
 
 
  • Post #5
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  • Feb 13, 2019 9:26am Feb 13, 2019 9:26am
  •  hibra68
  • Joined Apr 2015 | Status: Member | 1,101 Posts
Ok i forgot to mention. This is very important


close the trade if a candle breaks back midline and closes.


here is an example of a losing trade.
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  • Post #6
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  • Feb 13, 2019 9:28am Feb 13, 2019 9:28am
  •  hibra68
  • Joined Apr 2015 | Status: Member | 1,101 Posts
Quoting jesxrussel
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{quote} quite interesting...good job!!
Ignored
tnx..



Can everyone just test this out with different pairs and report.
 
 
  • Post #7
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  • Feb 13, 2019 9:30am Feb 13, 2019 9:30am
  •  hibra68
  • Joined Apr 2015 | Status: Member | 1,101 Posts
Quoting Pollen
Disliked
Trendline break is good entry, BB is also good but the best way i used them is with TMT System Using trendline pullbacks. https://www.forexfactory.com/showthread.php?t=577639
Ignored
I tried TMT for awhile without success.

But I think it just had to do with being able to watch the computer .

Even with alerts its hard to trade while working fulltime.


I wonder if someone can make EA if this is profitable.
 
 
  • Post #8
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  • Feb 13, 2019 9:30am Feb 13, 2019 9:30am
  •  hibra68
  • Joined Apr 2015 | Status: Member | 1,101 Posts
If some people can try this only after london and new york open it would be great.

As i think this might have better success.
 
1
  • Post #9
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  • Feb 13, 2019 6:40pm Feb 13, 2019 6:40pm
  •  scsstnt
  • Joined Aug 2018 | Status: Member | 1,414 Posts
Quoting hibra68
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If some people can try this only after london and new york open it would be great. As i think this might have better success.
Ignored

Very simple and brilliant my friend......more than willing to give it a try,thank you very much :-)
 
 
  • Post #10
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  • Feb 13, 2019 8:11pm Feb 13, 2019 8:11pm
  •  hibra68
  • Joined Apr 2015 | Status: Member | 1,101 Posts
Quoting scsstnt
Disliked
{quote} Very simple and brilliant my friend......more than willing to give it a try,thank you very much :-)
Ignored
Tnx
 
1
  • Post #11
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  • Feb 14, 2019 1:36am Feb 14, 2019 1:36am
  •  drsa1970
  • | Joined Feb 2018 | Status: Member | 247 Posts
Quoting hibra68
Disliked
Hi I just wanted to share a trend break system with you guys. You should just try it on past charts first than move onto demo. Its simple 15 min tf AUDUSD (YOU CAN TRY ANY PAIR) Lets look at BUY We must wait for price to break and close below bottom of bollinger bands. Option#1 if price breaks above midline of bollinger bands without first rejecting the midline than we buy at the close of the candle that breaks the midline. our SL is 10 pips , we bring our SL to breakeven when price reaches 10 pips , we take profit at 15 pips. Option #2 If price...
Ignored
Nice ... Like it !
Thank you ... will try ...
If you don't build your DREAM, Someone will hire to help build theirs ...
 
 
  • Post #12
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  • Feb 14, 2019 4:00am Feb 14, 2019 4:00am
  •  drsa1970
  • | Joined Feb 2018 | Status: Member | 247 Posts
Hibra,
Review this please ...
Attached Image (click to enlarge)
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If you don't build your DREAM, Someone will hire to help build theirs ...
 
 
  • Post #13
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  • Feb 14, 2019 4:26am Feb 14, 2019 4:26am
  •  drsa1970
  • | Joined Feb 2018 | Status: Member | 247 Posts
Hibra,
Would like to review the TP and Sl please ...
Attached Image (click to enlarge)
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Size: 200 KB
If you don't build your DREAM, Someone will hire to help build theirs ...
 
 
  • Post #14
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  • Feb 14, 2019 4:54am Feb 14, 2019 4:54am
  •  hibra68
  • Joined Apr 2015 | Status: Member | 1,101 Posts
Quoting drsa1970
Disliked
Hibra, Would like to review the TP and Sl please ... {image}
Ignored
Sorry was asleep, i will look at it.
 
 
  • Post #15
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  • Feb 14, 2019 5:04am Feb 14, 2019 5:04am
  •  drsa1970
  • | Joined Feb 2018 | Status: Member | 247 Posts
And if the trendline plotted correctly ....
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Size: 203 KB
If you don't build your DREAM, Someone will hire to help build theirs ...
 
 
  • Post #16
  • Quote
  • Feb 14, 2019 5:14am Feb 14, 2019 5:14am
  •  hibra68
  • Joined Apr 2015 | Status: Member | 1,101 Posts
Quoting drsa1970
Disliked
Hibra, Review this please ... {image}
Ignored
After B the next bar breaks below midline so thats where we enter sell.
Once the midline is crosses and close its option 1. We either take trade or skip. And look for option 2
 
 
  • Post #17
  • Quote
  • Feb 14, 2019 5:35am Feb 14, 2019 5:35am
  •  hibra68
  • Joined Apr 2015 | Status: Member | 1,101 Posts
Quoting drsa1970
Disliked
And if the trendline plotted correctly .... {image}
Ignored
It does work. So maybe we can make a rule.
E.g. 1. Price breaks above top bb
2. Price rejects mid bb.
3. Price breaks and closes mid bb.( but we do nothing because it breaks before we establish a second rejection)
4. We wait for price to break back above mid bb.
5. We look for second rejection to establish trendline.

So if price breaks and closes before it establishes at least 2 rejections we dont take trade.

Also looks like price goes a lot further than 10 pips once it breaks trendkine. So we can change sl to above latest high after trend break and tp either 1:1 or reverse signal.
 
 
  • Post #18
  • Quote
  • Feb 15, 2019 9:55am Feb 15, 2019 9:55am
  •  jesxrussel
  • Joined Nov 2017 | Status: Member | 290 Posts
this strategy can be used timeframe H1???
Know The Presence Of The Market
 
 
  • Post #19
  • Quote
  • Feb 15, 2019 10:01am Feb 15, 2019 10:01am
  •  hibra68
  • Joined Apr 2015 | Status: Member | 1,101 Posts
Quoting jesxrussel
Disliked
this strategy can be used timeframe H1???
Ignored
anytimeframe is good
 
 
  • Post #20
  • Quote
  • Feb 15, 2019 10:20am Feb 15, 2019 10:20am
  •  hibra68
  • Joined Apr 2015 | Status: Member | 1,101 Posts
Quoting hibra68
Disliked
{quote} anytimeframe is good
Ignored
I just like bollinger bands alot so im open to any strategy that revolves around bb. so its ok to come up with new ideas and post here. i will change the title to something broader.
 
 
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