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Bollinger BB8020 Trading Discussion

  • #1
  • First Post: Edited Oct 15, 2019 10:24am Sep 20, 2019 10:16am | Edited Oct 15, 2019 10:24am
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
Attached File(s)
File Type: mq4 BB8020_Plain_v01.mq4   1.7 MB | 444 downloads
Attached File(s)
File Type: mq4 BustaBB8020_v01.mq4   1.7 MB | 419 downloads
Attached File(s)
File Type: mq4 Pip_Xplo_v01.mq4   1.6 MB | 350 downloads | Uploaded Sep 21, 2019 3:13pm

Link to ver 02 https://www.forexfactory.com/showthr...2#post12518182
So far in trending it does well
Attached File(s)
File Type: mq4 NoName.mq4   1.7 MB | 295 downloads | Uploaded Oct 13, 2019 4:26pm
File Type: mq4 No_Name_v01.mq4   1.7 MB | 287 downloads | Uploaded Oct 14, 2019 7:57am
File Type: mq4 No_Name_v02.mq4   1.7 MB | 291 downloads | Uploaded Oct 15, 2019 10:24am
  • #2
  • Sep 21, 2019 8:35am Sep 21, 2019 8:35am
Can you please share your myfxbook page? That would help a lot.
  • #3
  • Sep 21, 2019 3:41pm Sep 21, 2019 3:41pm
Quoting landorra
Can you please share your myfxbook page? That would help a lot.
Here is mql5 https://www.mql5.com/en/signals/632267
Trade explorer created for forward testing Pip Xplo. Same concept BB 80 stroke 20
  • #4
  • Edited 3:54am Sep 23, 2019 3:39am | Edited 3:54am
Pip Xplo has started off with a bang this morning. Unfortunately The TE only shows closed orders. Go to this linkhttps://www.mql5.com/en/signals/636112
to see how its doing

I am still doing some fine tuning here is version 2
Attached File(s)
File Type: mq4 Pip_Xplo_v02.mq4   1.6 MB | 295 downloads

Enjoy traders. It's exciting
I am part of the following thread https://www.forexfactory.com/showthr...9#post12518199
and on Friday the basket signal turned from buy to sell. Which means this week we looking for selling opportunities.
Nice to see the bot opened with sell trades and they have gone into some good profit already. awesome.

Here is a screen shot for those that would doubt
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 67 KB
  • #5
  • Sep 25, 2019 6:06am Sep 25, 2019 6:06am
Quoting candyman752
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...
Where can I find the strategy for this?
Vucking good EA coder... https://t.ly/AZjRM
  • #6
  • Sep 26, 2019 2:06am Sep 26, 2019 2:06am
Quoting reteid2222
{quote} Where can I find the strategy for this?
Hi thanks for popping by.
The system I as follows; Note I got it from basket knights which is in one of the links abovehttps://www.forexfactory.com/showthread.php?t=943338
When a candle close below lower Bollinger band 80 period (Hr1 chart) we have a sell signal. we are in sell territory. When price retraces to upper Bollinger band period 20(Hr1 chart) , while we are in sell territory, we look to re enter a sell. A level 1 entry takes place the first we get a sell signal from a buy signal. A level 2 sell entry takes place when we already have a sell signal( are already in sell territory) and price has retraced (Discounted DC).

Hope that is clear. Pip Xplo
Attached File(s)
File Type: mq4 Pip_Xplo_v03.mq4   1.7 MB | 341 downloads
unfortunately is a hybrid of this system. It is not following it to the teee. Will do bot that follows to the tee what I have just written.
  • #7
  • Oct 4, 2019 3:35am Oct 4, 2019 3:35am
Fellow buddies, as you may be aware , I have been following up basket knights thread.
Here is bot I am working on being polished up to mirror the trading formula being posted there.
Attached File(s)
File Type: mq4 WorkInProgress.mq4   1.7 MB | 310 downloads
I am still working out how to close trades, enjoy.
eventually will give it a name. I have put it in the trade explrorer
  • #8
  • Edited 3:28pm Oct 4, 2019 11:15am | Edited 3:28pm
Polishing Completed.
Drum roll please
Attachment 4Attachment 4Attachment 4Attachment 4Attachment 4
Attached File(s)
File Type: mq4 Pip_Mopah.mq4   1.7 MB | 337 downloads

There you have it .
  • #9
  • Oct 4, 2019 11:27am Oct 4, 2019 11:27am
Quoting reteid2222
{quote} Where can I find the strategy for this?
Attached Image

Nice work. Are you sharing any of it? Merlin what do you think?
  • #10
  • Oct 4, 2019 12:06pm Oct 4, 2019 12:06pm
Quoting candyman752
{quote} {image} Nice work. Are you sharing any of it? Merlin what do you think?
hi, bro, what i think is she would not share any strategy with you, but most of her ea strategy not from her, and from others traders.
she mostly like this strategy. look below
https://www.myfxbook.com/members/reteid/16/3504543

this strategy uses reversal strategy, but if you closely to see this strategy still big risks and big DD. still not perfect.
and she likes to hunting non repainting indicators to make eas, so her eas combine NRP indicators and others strategys
maybe you will got some ideas.
  • #11
  • Oct 4, 2019 12:30pm Oct 4, 2019 12:30pm
Quoting merlin1331
{quote} hi, bro, what i think is she would not share any strategy with you, but most of her ea strategy not from her, and from others traders. she mostly like this strategy. look below https://www.myfxbook.com/members/reteid/16/3504543 this strategy uses reversal strategy, but if you closely to see this strategy still big risks and big DD. still not perfect. and she likes to hunting non repainting indicators to make eas, so her eas combine NRP indicators and others strategys maybe you will got some ideas.
thanks
  • #12
  • Oct 5, 2019 12:41pm Oct 5, 2019 12:41pm
Herewith another bot. It is Pip Mopah with a bit of steroids.
Attached File(s)
File Type: mq4 BamBam.mq4   1.7 MB | 353 downloads

Enjoy
  • #13
  • Oct 7, 2019 1:07am Oct 7, 2019 1:07am
The current bots use the middle Bollinger band period 80 on a hour chart and then rainbow waves as shown in the image
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 68 KB

Then also add to the flavour Highest high and lowest Low . The half way mark between highest high and lowest low is helpful in determine strength of buyers and sellers. Here Is the template
Attached File(s)
File Type: tpl MA78.tpl   1 KB | 307 downloads
  • #14
  • Oct 7, 2019 5:14am Oct 7, 2019 5:14am
Here is bot I am working on . Still work in progress.
What it tries do is enter when price has been discounted,
Attached File(s)
File Type: mq4 Discount_Pip_Stakker_v01.mq4   1.6 MB | 312 downloads

enjoy
  • #15
  • Oct 7, 2019 7:07am Oct 7, 2019 7:07am
Quoting merlin1331
{quote} hi, bro, what i think is she would not share any strategy with you, but most of her ea strategy not from her, and from others traders. she mostly like this strategy. look below https://www.myfxbook.com/members/reteid/16/3504543 this strategy uses reversal strategy, but if you closely to see this strategy still big risks and big DD. still not perfect. and she likes to hunting non repainting indicators to make eas, so her eas combine NRP indicators and others strategys maybe you will got some ideas.
The account is just 2 weeks without EA and I m not updating any complicated myfxbook anymore..too complicated....for just adding and removing EAs...
Vucking good EA coder... https://t.ly/AZjRM
  • #16
  • Oct 7, 2019 7:54am Oct 7, 2019 7:54am
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 72 KB

image above shows where discounts would be taken
  • #17
  • Oct 8, 2019 4:28am Oct 8, 2019 4:28am
version two just for you
Attached File(s)
File Type: mq4 Discount_Pip_Stakker_v02.mq4   1.6 MB | 344 downloads

Enjoy.
Merlin can you imagine I have finally figured out how to add more positions.
The code is open so you are free to see. Very simple but took a while to unravel.
That's forex for you buddies
  • #18
  • Oct 8, 2019 12:08pm Oct 8, 2019 12:08pm
Quoting candyman752
version two just for you{file} Enjoy. Merlin can you imagine I have finally figured out how to add more positions. The code is open so you are free to see. Very simple but took a while to unravel. That's forex for you buddies
your creation make me very inspiring! i will thoroughly to read your beautiful ea code!
  • #19
  • Oct 9, 2019 12:58am Oct 9, 2019 12:58am
Merlin have you seen this
https://www.zerohedge.com/geopolitic...s-use-internet
https://www.zerohedge.com/geopolitic...s-use-internet
  • #20
  • Oct 9, 2019 2:47am Oct 9, 2019 2:47am
Quoting candyman752
{quote} Hi thanks for popping by. The system I as follows; Note I got it from basket knights which is in one of the links abovehttps://www.forexfactory.com/showthread.php?t=943338 When a candle close below lower Bollinger band 80 period (Hr1 chart) we have a sell signal. we are in sell territory. When price retraces to upper Bollinger band period 20(Hr1 chart) , while we are in sell territory, we look to re enter a sell. A level 1 entry takes place the first we get a sell signal from a buy signal. A level 2 sell entry takes place when...
Thank you interesting....this has to be calculated to get a feeling if profitable or not.....
Vucking good EA coder... https://t.ly/AZjRM
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