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Bollinger bands + 50 EMA

  • #81
  • May 13, 2018 4:36pm May 13, 2018 4:36pm
I forgot to show all tp's
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  • #82
  • May 14, 2018 1:30pm May 14, 2018 1:30pm
Quoting hibra68
{quote} sam do you have this indicator?
Yup- here you are
Attached File(s)
File Type: ex4 Squeeze_Break.ex4   17 KB | 810 downloads
What goes up will come down...
  • #83
  • May 14, 2018 3:04pm May 14, 2018 3:04pm
Quoting hibra68
I forgot to show all tp's {image}
will keep losing in ranging markets after new rules
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your method is similar to this method
https://www.forexfactory.com/showthread.php?t=576707
and it will only work in a trending market so we have to get in only when we have a trend and leave when there is a weakness in the trend
i hope you can find a solution to that

here is is the thing
in a trending market your strategy will work good only in trending market
in a ranging market any martingale strategy will work but will blow the account in a trending market
you should look into that too
i have small experience in coding but i will help you until we find something
these two method (only if they work) can make a decent small passive income (which is very good)
but only risk(SL)/reward(TP) system will grow the account
  • #84
  • May 14, 2018 3:08pm May 14, 2018 3:08pm
Quoting sam68
{quote} Yup- here you are {file}
here is the last rules after adding the indicator
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  • #85
  • May 15, 2018 4:14am May 15, 2018 4:14am
Quoting sam68
{quote} Yup- here you are {file}
Tnx
  • #86
  • May 26, 2018 1:55pm May 26, 2018 1:55pm
Hello,
All traders using this strategy, I am one of you using this since long. you can share your problems if you feel using BB and EMA 50. You can benefit from my
several years experience.
Wish happy trading. Take Care!
  • #87
  • Edited 7:43pm May 26, 2018 5:29pm | Edited 7:43pm
Quoting 4xxxx4
Hello, All traders using this strategy, I am one of you using this since long. you can share your problems if you feel using BB and EMA 50. You can benefit from my several years experience. Wish happy trading. Take Care!
Thanks for the offer- very kind of you..........

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Nice thread to the op
Live today like theres no tomorrow-- Prioritize like you will die today
  • #88
  • Jun 6, 2018 4:11pm Jun 6, 2018 4:11pm
Quoting 4xxxx4
Hello, All traders using this strategy, I am one of you using this since long. you can share your problems if you feel using BB and EMA 50. You can benefit from my several years experience. Wish happy trading. Take Care!
Much thanks for the op starting this thread and I was hoping that this thread would get more attention.

@ 4XXXX4 I was waiting to see if this thread would wake up................ since nothing is happening here -- I have a question for you.

would you mind showing your chart set up and give a brief description of your method and any details of what you may do differently from what the op has shown in post 79- 81. I dont trade this exactly as the op has shown --- I will give more details as time permits.

thanks in advance
Live today like theres no tomorrow-- Prioritize like you will die today
  • #89
  • Jun 6, 2018 4:48pm Jun 6, 2018 4:48pm
Quoting iamsovereign
{quote} Much thanks for the op starting this thread and I was hoping that this thread would get more attention. @ 4XXXX4 I was waiting to see if this thread would wake up................ since nothing is happening here -- I have a question for you. would you mind showing your chart set up and give a brief description of your method and any details of what you may do differently from what the op has shown in post 79- 81. I dont trade this exactly as the op has shown --- I will give more details as time permits. thanks in advance
Tnx, but i moved on from this, trying different versions of it but same indi. Bollinger band multi tf.
  • #90
  • Jun 7, 2018 7:36am Jun 7, 2018 7:36am
Quoting hibra68
{quote} Tnx, but i moved on from this, trying different versions of it but same indi. Bollinger band multi tf.
I hope, you're going to the right direction because of your trading approach was not that bad. But BB MTF is a very good choice.

JP
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #91
  • Jun 7, 2018 3:45pm Jun 7, 2018 3:45pm
Quoting JibalaPasan
{quote} I hope, you're going to the right direction because of your trading approach was not that bad. But BB MTF is a very good choice. JP
Im trying to use less aggressive way of trading the bb.
The bbma has alot of filters( moving averages, mid bb, bottom bb etc) i cant share all the info here as the complete system doesnt belong to me. However, i try to only use parts of it to find a simple way of trading.
For example i am looking into different phases of bb, meaning there is a way to tell whether bb is sideways or in momentum. This is from bbma teachings.
So plot bollingers band standard inputs on the chart and 50 ema close as well.
Now if the top bb and bottom bb are roughly pointing in the same direction than the market is and will be moving sideways. If the 50 ema is outside of the top or bottom bb this is a stronger signal that the market will move sideways.
If the tob bb and bottom bb are pointing the opposite direction the market will be in momentum.

So for the time being im looking to find trades during sideway action. Meaning when price touches top bb i sell and tp when it touches mid bb, buy when it touches bottom bb and tp at mid bb.
If the 50 ema comes back in and touches the outer bands or gets very close getout of your trades that are in profit, manage your losing trades or just close them as well.

From the chart you can see that when 50 ema came back and touched bottom bb you wont enter buy.

Also when 50 ema touches bottom bb again its a sign of momentum starting, so if the price closes below the 50 ema its momentum and you can now start trading trend.
I have not worked out the details on how to manage trades during momentum stage.
As for sideways trading right now its simple but i will have to pinpoint entry and sl, tp willbakways be touch of mid bb.
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  • #92
  • Jun 8, 2018 12:04pm Jun 8, 2018 12:04pm
Quoting hibra68
{quote}Now if the top bb and bottom bb are roughly pointing in the same direction than the market is and will be moving sideways.
Hello bro hibra68,

since you point out this the 2nd time (the 1st time some post ago) I wanna tell ya that's not 100% correct. A market is ranging, if both (upper & lower) pointing in the same horizontal direction or price is inside the bands trending away from the bands. If both pointing in the same up/down direction we also can have a trending market.

JP
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #93
  • Jun 8, 2018 1:52pm Jun 8, 2018 1:52pm
Quoting JibalaPasan
{quote} Hello bro hibra68, since you point out this the 2nd time (the 1st time some post ago) I wanna tell ya that's not 100% correct. A market is ranging, if both (upper & lower) pointing in the same horizontal direction or price is inside the bands trending away from the bands. If both pointing in the same up/down direction we also can have a trending market. JP
Im not sure I understant what you are saying?
  • #94
  • Jun 8, 2018 2:01pm Jun 8, 2018 2:01pm
Quoting JibalaPasan
{quote} Hello bro hibra68, since you point out this the 2nd time (the 1st time some post ago) I wanna tell ya that's not 100% correct. A market is ranging, if both (upper & lower) pointing in the same horizontal direction or price is inside the bands trending away from the bands. If both pointing in the same up/down direction we also can have a trending market. JP
If you look at my pic. You can see that when 50 ema is out of BB. The price bounces from top and bottom bb and goes to mid bb.

Thats the trade I'm talking about. Soon as 50 ema goes out of bottom bb or top bb. Wait for price to touch bottom or top bb and take a trade, close trade at mid bb.

IF 50 ema gets close to going back in to bb stop trading.

If for example top bb is pointing up and bottom bb is pointing down than you have a possible trend start.
If bot top bb and bottom bb is pointing same position you have a possible range start.
When 50 ema is out of bb the possibility of range market is stronger.
If you look at the left side of my pic, the top bb and bottom bb are both pointing in same direction up. But the market starts to range sideways. However I would wait untill 50 ema goes out of the bb.

Usually when top bb and bottom bb is pointing in opposite direction at beginning it will be a trend start, when they both turn in same direction( both poiting up for example) than you can expect a sideways movement, this is when you get out of your trend trade or you manage the trade.

But at the moment I am only focusing on 50 ema out of BB and both top and bottom bb pointing same direction, preferably horizontal. Than we take trades as I mentioned above.

cheers.

p.s. If you look at the far right side of the pic above you can see that the top bb is pointing up and bottom bb is pointing down and price has crossed and closed below both bottom bb and 50 ema. This is a strong sign of trend starting. You can do 2 things, wait for price to retrace to half way of mid bb and bottom bb and sell
or just sell . Get out of trade when the top and bottom bb start to point in same direction or just manage trade.
  • #95
  • Jun 8, 2018 3:07pm Jun 8, 2018 3:07pm
Quoting hibra68
{quote} Im not sure I understant what you are saying?
A picture is worth a thousand words!
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JP
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #96
  • Jun 8, 2018 3:31pm Jun 8, 2018 3:31pm
Quoting hibra68
{quote} But at the moment I am only focusing on 50 ema out of BB and both top and bottom bb pointing same direction, preferably horizontal. Than we take trades as I mentioned above. cheers.
Then you still don't know or will miss the full potential of the power of the BBs!

Example GU short:
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JP
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #97
  • Jun 8, 2018 3:32pm Jun 8, 2018 3:32pm
Quoting JibalaPasan
{quote} A picture is worth a thousand words! {image} {image} JP
Yes, If you read my last post we kinda agree.

Initially the top bb and bottom bb go opposite before trend start. Important thing is to identify start of trend and start of ranging markets. Because if you get in too late its meaningless, than your just chasing price.

I'm trying to find an edge even though it might be small.

50 ema is another sign or filter however you define it. Of course these are not written in stone. No one controls the market.
  • #98
  • Jun 8, 2018 3:35pm Jun 8, 2018 3:35pm
Quoting JibalaPasan
{quote} Then you still don't know or will miss the full potential of the power of the BBs! Example GU short: {image} {image} {image} {image} JP
What the dashboard represent?

Also look at your first pic from this post. Gbpusd 1hr, see how both top and bottom bb pointing opposite direction and price looks like it will go up and start a trend.
This is what I'm looking for start of trend not fully developed trend.
  • #99
  • Jun 8, 2018 3:38pm Jun 8, 2018 3:38pm
By the way this is just identifying the market. I am looking into other stuff related to bb.

Specifically multi timeframe bb, confirmation.

Example: Look for price to close below mid bb on daily, than weekly and than monthly. Than wait for daily price to pull back to the mid bb and wait for bullish price action on the daily to go long. Also the 50 ema should be below mid bb for bullish sign. All the while make sure the weekly and monthly are still above mid bb.

You can apply this to any 3 time frames or just do a top down analysis.
  • #100
  • Jun 8, 2018 3:42pm Jun 8, 2018 3:42pm
Quoting hibra68
{quote} What the dashboard represent? Also look at your first pic from this post. Gbpusd 1hr, see how both top and bottom bb pointing opposite direction and price looks like it will go up and start a trend. This is what I'm looking for start of trend not fully developed trend.
Contrarian approach! Most traders expect that GU will move on hence, just do the opposite. The DB represents a MTF BB RSI DB because it's impossible to watch all pairs 24/6.

JP
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
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