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Attachments: The Bollinger Squeeze (TBS) Strategy
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The Bollinger Squeeze (TBS) Strategy

  • #41
  • Oct 5, 2017 12:33am Oct 5, 2017 12:33am
a position. watch it how to going
Attached Image
  • #42
  • Oct 5, 2017 12:44am Oct 5, 2017 12:44am
Quoting lghr
a position. Watch it how to going {image}
no trade on red bw = rules
  • #43
  • Oct 5, 2017 1:08am Oct 5, 2017 1:08am
Quoting bozmel
{quote} no trade on red bw = rules
only test it red to sell, yellow to buy.
  • #44
  • Oct 5, 2017 5:54am Oct 5, 2017 5:54am
Quoting lghr
{quote} only test it red to sell, yellow to buy.
Those are not the rules.
All trades should take place when yellow.
No trades should take place when red.
What you're doing might work, but they aren't the rules of the system.
  • #45
  • Oct 12, 2017 10:04am Oct 12, 2017 10:04am
Quoting goodways100
Subscribed. Time frame if I missed. Thanks and Regards
Timeframe could be from 5mins upward. The screenshot example is a daily chart.
  • #46
  • Oct 12, 2017 10:45am Oct 12, 2017 10:45am
Quoting makemo8
This is CHFJPY Daily chart. Signal generated at the opening of today's candle. We are already over 40 pips up {image}
Here is the update on this trade.

Conservative traders TP1=48 pips profit
Aggressive traders TP2 = 92 pips potential (current 75 pips profit).

If you are trading a higher timeframe like the example here, patience is the name of the game.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 324 KB
  • #47
  • Oct 12, 2017 11:21am Oct 12, 2017 11:21am
Quoting lghr
I studied this strategy, it work. a ea for testting. SL setting is the highest prrice, lowest price of last 3 bars. {file}
Hi Ighr, very good job on the EA.

Few things that will make the EA the exact strategy as described.
1. All trades are taken when the BBWidth color is yellow (your EA is taken BUY trades at yellow and SELL trades at red)
2. SL is the last known support (if BUY) and last known resistance (if SELL).

  1. Alternatively, SL at lower Bollinger - X pips (If BUY), SL at upper Bollinger + X pips (if SELL).

3. TP1 = Middle Bollinger (both BUY and SELL trades).

  1. TP2 at upper Bollinger (if BUY).
  2. TP2 at lower Bollinger (If SELL).


If you make those adjusments, the EA will be close to the original strategy.

  • #48
  • Oct 12, 2017 12:11pm Oct 12, 2017 12:11pm
Quoting billbss
{quote} Those are not the rules. All trades should take place when yellow. No trades should take place when red. What you're doing might work, but they aren't the rules of the system.

That's right billbss
  • #49
  • Oct 13, 2017 2:00pm Oct 13, 2017 2:00pm
Hi makemo8,

Thanks for presenting us your strategy.

I'm thinking about coding it up in an expert advisor. Concerning the price touching the upper or lower BB band does it matter in what direction it touches. Let's say the price crosses from below the top BB band to above it is that better than crossing from above the top BB band to below it in the case of a sell trade? Should I program in a filter for these cases do you think it may be significant? Does it even have to cross, could we initiate trades when the price is merely above the BB?

What about exits, any other refinements besides take half or all your profit at the middle BB and the other half at the bottom BB if you had taken half at the middle BB remembering to move stop-loss to breakeven during the process.

Thanks.
Buy, Sell, plus this other thing equals Profit!
  • #50
  • Oct 13, 2017 3:11pm Oct 13, 2017 3:11pm
Hi Makemo8 & JayDavis, found this site yesterday. I have an affinity for BB's. I guess I see structure easier with them. I created a profile and back tested quite a bit last night and like what I saw. What I would like to see is to simply enhance the BBWidth indicator given in this strategy with a visual and audio alert when it changes from Red to Yellow. Certainly trading on the 4H or Daily charts doesn't take much time to view them, but might help with immediate focus...especially if I'm in another room of the house. There doesn't seem to be anything out there for this. There are multiple Bandwidth alerts, but they seem to be coded for the breakout, not the squeeze. I would be interested in at least testing your EA.

Also question for Makemo8...if the price touches the band, but the indicator is Red at THAT moment, but the next candle (which moves away from the band), the bar is Yellow, is it NOT a trade or is still OK to trade? I've noticed the Stoch has usually moved in the proper direction.
  • #51
  • Oct 16, 2017 3:08pm Oct 16, 2017 3:08pm
Of particular interest to me would be where do you think it is best to place the initial stop-loss? I'm thinking the highest high for the last N periods for sells or the lowest low for the last N periods for buys. Maybe N should be 10 or 100?
Buy, Sell, plus this other thing equals Profit!
  • #52
  • Oct 17, 2017 12:29am Oct 17, 2017 12:29am
Quoting JayDavis
Hi makemo8, Thanks for presenting us your strategy. I'm thinking about coding it up in an expert advisor. Concerning the price touching the upper or lower BB band does it matter in what direction it touches. Let's say the price crosses from below the top BB band to above it is that better than crossing from above the top BB band to below it in the case of a sell trade? Should I program in a filter for these cases do you think it may be significant? Does it even have to cross, could we initiate trades when the price is merely above the BB? What about...
Hi JayDavis,

It will be great to see how it performs as an EA, so you can go for it. With regards to touching the upper or lower BB. Usually, for a SELL, the price will be rising from the middle band to touch the upper band. It doesn't have to close above the upper band, it just need to touch it. So, it will not matter if it touched from under or above the band. Same thing apply to the BUY trade, price will be falling from the middle band to touch the lower BB. It will not matter if touch from under or from above the band. But price MUST touch the upper BB for SELL and lower BB for BUY.

Regarding exits, even though I am not a fan of having a fix TP target because it will vary for each currency pair and vary for different time frames. Having said that, you might code it as an option apart from closing half of the trade at the middle band and the rest at the opposite band.
Once you have coded this initial version, I will explain how I trade this LIVE and we can program that as the next version. It will not be different greatly from the first version, it will just involve multiple position rather than just opening one single sell or buy.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 109 KB
  • #53
  • Oct 17, 2017 12:43am Oct 17, 2017 12:43am
Quoting lctrader11
Hi Makemo8 & JayDavis, found this site yesterday. I have an affinity for BB's. I guess I see structure easier with them. I created a profile and back tested quite a bit last night and like what I saw. What I would like to see is to simply enhance the BBWidth indicator given in this strategy with a visual and audio alert when it changes from Red to Yellow. Certainly trading on the 4H or Daily charts doesn't take much time to view them, but might help with immediate focus...especially if I'm in another room of the house. There doesn't seem to be anything...
Very good question lctrader11. The stochastic crossing is the trigger for this strategy. So we will check that all three conditions were met at the time Stochastic crosses the 80 line downwards for SELL or 20 line upwards for BUY.

To answer your question that If the price touched the band and the Bandwith indicator is red at that moment, we are actually concerned only with the color of the bandwidth indicator at the time the Stochastic is crossing. Even if the color was red prior to Stochastic crossing, but it is now yellow, it will be a valid signal. Note that the candle at which stochastic crossed must close before initiating trade.
  • #54
  • Oct 17, 2017 12:48am Oct 17, 2017 12:48am
Quoting JayDavis
Of particular interest to me would be where do you think it is best to place the initial stop-loss? I'm thinking the highest high for the last N periods for sells or the lowest low for the last N periods for buys. Maybe N should be 10 or 100?
JayDavis,
The ideal place to place the stop is
(last swing high + X pips) for a SELL trade and
(last swing low - X pips) for a BUY trade.

This is of course if you are able to determine the swing high or swing low programatically. It is very easy to see these areas on the chart when trading manually..
  • #55
  • Oct 17, 2017 8:49am Oct 17, 2017 8:49am
Hi Makemo8,

I like this a lot, many thanks for the post. I think Renko will work well with this strategy. I've been running some manual back tests using 100 pip bricks on the Bollinger/stoch chart and 20pip-brick charts for the granularity to identify the best entry point to keep the SL tight. Seems to work and helps get me into trades earlier than I am doing at the moment using a similar combination of Renko charts.

Cheers, Dave
Everything should be made as simple as possible, but no simpler - Einstein
  • #56
  • Oct 19, 2017 3:35am Oct 19, 2017 3:35am
Two successful trades. I use a 6 pip SL and generally close at 2x risk although I let the EURUSD run a bit further. My trading spreadsheet/model is very simple - if I can consistently achieve 1.5-2 times risk per day I will be very happy in the long term!
Attached Image (click to enlarge)
Click to Enlarge Name: MetaTrader 4_1910.png Size: 145 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #57
  • Oct 19, 2017 10:05am Oct 19, 2017 10:05am
Perfect strategy. Thank you for communicating to us. I also saw on youtube that you have uploaded 4 more strategies. Thank you very much for your help in understanding forex.
  • #58
  • Oct 20, 2017 9:00am Oct 20, 2017 9:00am
I wonder when the new ea would be ready...
I downloaded the original file:
red: Big Bands
green: Small Bands
Yellow: Between/Changing
The rest(Band 4-...) is NOT used....even Band 4 has a color...
Attached File(s)
File Type: mq4 WelchBBWidth.mq4   5 KB | 1,072 downloads
Vucking good EA coder... https://t.ly/AZjRM
  • #59
  • Oct 20, 2017 9:34am Oct 20, 2017 9:34am
if U r unsure cause the rulez r soooo complex
I have the solution:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 71 KB
Attached File(s)
File Type: ex4 MakeMo8 - TBS V1.00 - Simple Arrow+AlertV2.71.ex4   34 KB | 1,594 downloads
File Type: tpl MakeMo8 - TBS.tpl   5 KB | 1,139 downloads
Vucking good EA coder... https://t.ly/AZjRM
  • #60
  • Oct 20, 2017 9:38am Oct 20, 2017 9:38am
Quoting makemo8
Hello everyone, it gives me great pleasure to introduce The Bollinger Squeeze Strategy (TBS) to you. I have seen some of the indicators we are going to use for this strategy used in other places for trading. However, this is a comprehensive package, which could be a good tool when it comes to profitable financial market trading. This Strategy is derived from the knowledge of three indicators. Bollinger band, Bollinger Bandwidth and the Stochastic oscillator. The three indicators must all confirm our trade signal. So to have a valid signal, three...


used the coding logic(! means NOT):

Inserted Code
 bool Buy(int i){
   return
      Stoch.leaveOversoldZone(i)
      && BB.PriceUnderBBLastXCandles(i,5)
      && !BBWidth.isRed(i);
      ;
 }
bool Sell(int i){  
   return
      Stoch.leaveOverboughtZone(i)
      && BB.PriceOverBBLastXCandles(i,5)
      && !BBWidth.isRed(i);
      ;
}
Vucking good EA coder... https://t.ly/AZjRM
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