Bollinger BB8020 Trading Discussion

no gamble, please if you want gamble use cent account. you can use fbs broker to open a cent account, so you will not lost much.

you warned me about I C Markets Australian scam broker. Those guys are rip offs. They never warned me that there is a limit to the number of live accounts. They never warned me that accounts get archived. They accepted my visa card debit . Their own rules say what you deposit with card can be within 90 days be allowed to be withdrawn to that card.
With this last deposit to gamble ,gbpusd , I tried withdrawing it . They REFUSED.

My latest portfolio of forward testing bots https://www.mql5.com/en/users/candyman752
The strategy that has done well is drop rally base. It is the best reversal catcher or swing setup identifier.
Here is code to buy

if(HighestClosePrice(PERIOD_H4,2,8) > HighestHighPrice(PERIOD_H4,6,9)
&& HighestClosePrice(PERIOD_H4,6,2) < HighestHighPrice(PERIOD_H4,3,7)
&& LowestClosePrice(PERIOD_H4,8,1) > CandleOpen(PERIOD_H4,8)
&& BullCandle(PERIOD_H4,8) && BullCandle(PERIOD_H4,9)
&& MA78tfSMA(PERIOD_H1,14) > MA20tfSMA(PERIOD_H1,14) && MA78tfSMA(PERIOD_H1,1) < MA20tfSMA(PERIOD_H1,1)
)
Reverse the above for a sell

I have opened a Trade explorer for it

Here is another Bot I will be testing

Trade explorer opened. Starting balance $184

never trade with IC in live. they also manipulate candles chart . also bad slippage scam.

you asked 4 it

So which broker should you trade ?

you can use alpari , fbs, forextime

I see, no many negative comments on this issue! So, new traders should be more careful!

wewe continue to experimentAttachment 4

Experimenting another bot . light is beginning to shine on the dark tunnel of profiting from forex trading

I believe the triggering of setups is good. find template I used to look for them. Basically it has Bollinger band period 80 on Hr 1 chart and simple moving average High and Low Period 18 on the Hr1 chart. also I considered where the Hr4 candle open price was. so you need this indicator for complete view on chart
here is version two. there is no difference in in the setups only I just changed how trades are closed.
ENJOY
I have put it on this signals account https://www.mql5.com/en/signals/647306
Here is a bit more detail explanation of the above bot. The bot will wait for a pull back and a buy or sell setup will trigger based on whether its pullback of up trend(buy)
or pullback of down trend sell. If it is a buy a hedge sell pending trade will open 30 pips below. Unfortunately this bot is not USA friendly broker.
There after trades will open in line with prevailing trend

I have two trade explorer for basket trading. I am following the principals as laid out by Tylamai. He is student of trader101.
I am trading my live account called live whack (TE) and Basket Ty(TE) which is a demo. Have traded two weeks so far.
The trick is first waiting for a discount to come up in the market. and then waiting for a continuation signal. So far so good

1. With multiple timeframe analysis it is important to remember that markets are fractal as we all know. So it is especially essential the timeframes in the sequences we use are not so close that they give no further useful addition information, and not too far apart that they become irrelevant to compare with one another.
In the supply and demand community the general convention is to use MWD, D41, 4hr1hr15min, etc. Now, there is nothing that says the trader cant use a MW12hr if they happen to see levels better and clearer on a 12hr for example, or a D430min for the same reason. What isn't advisable is to do a MW1HR or a d4hr2min, because of the fractal distance between the chosen timeframes. I have seen colleagues use the d430min but then "refine" the chosen level on a 15 or 10min, that is also another approach. Bear in mind, as with everything in trading there are advantages and disadvantages you will need to accept.

2. Yes, Supply and demand analysis is crucial on all timeframes, just for different reasons. I am for example much more keen on the quality of zones when i am doing supply and demand analysis on my entry timeframe compared to when i look at larger timeframes simply because i am using those timeframes for different purposes
image

Here is latest bot probably the last going by how well the Trade explorers have been performing. As the above post explains. Look for trend on higher time frame charts.
So I have followed the D1H4H1. In the trade Explorers we have drop rally base following that formula. I have been polishing up and I now give you
Enjoy

I be testing the above bot, plus the following two bots
1-
and
2-
I will scrap the current Trade Explorers and get them to start all at same balance.
Then will watch them pip it out

Have added code where you can input trailing digits as to what you comfortable with

Hello fellow traders, Special mention to merlin and quinqamp.

The race is on. Trade explorers have opened and now we observe for performance.

I am confident with these bots because
1- Signal is based on determining trend from Daily chart.
2- Adding positions has three tiers or levels.
first level tier open trades is still following trend every 3 hours
second level tier open trades if market retraces from trend by 20 pips
third tier level open a grid on assessing if a breakout has been signalled by price build up.
This latest version has adjustment done to second level tier trades.

Basically a good bot is judged so if
1-draw down is minimal
2- it makes more money than it loses.

Big thank you to merlin. You the man.

i am confidence with your previous version of drop rally, you should continue with that. also add positions for get more profitable trades will be fit for basket trading or grid strategy.