Hello Jagzuk,
In reference to your Bollinger Bands pin, I have been testing this pin and I have found on it many applications, but one of the most amazing applications found on it is using this pin as a blocker of trades, preventing EAX to enter in a trade just before a change of trend. This is a bad headache for most of the traders, working hard in order to get pips and finally we take this bad trade that will eat part of the pips that we got previously. Well, here is where the Bollinger Bands pin can help to reduce the number of these bad trades. The idea is to use the Reverse: Touch(T) adding the option to lock the signal for a selected number of candles (x Candles) only, in this way if a bar touched an outer band but without a change of trend (Continuation) then we still will be able to take this trade and surf the current wave without losing the trend, but if the trend change of direction, then we will be safe while the trend is changing of direction (x Candles). This new setting may look like this:
Reverse: Touch with Hold Option (TH), signal hold (x Candles).
I wish you can include this addition to your Bollinger Bands pin in order to increase the possibilities.
Thank you very much for your awesome contribution and the best to you always!
In reference to your Bollinger Bands pin, I have been testing this pin and I have found on it many applications, but one of the most amazing applications found on it is using this pin as a blocker of trades, preventing EAX to enter in a trade just before a change of trend. This is a bad headache for most of the traders, working hard in order to get pips and finally we take this bad trade that will eat part of the pips that we got previously. Well, here is where the Bollinger Bands pin can help to reduce the number of these bad trades. The idea is to use the Reverse: Touch(T) adding the option to lock the signal for a selected number of candles (x Candles) only, in this way if a bar touched an outer band but without a change of trend (Continuation) then we still will be able to take this trade and surf the current wave without losing the trend, but if the trend change of direction, then we will be safe while the trend is changing of direction (x Candles). This new setting may look like this:
Reverse: Touch with Hold Option (TH), signal hold (x Candles).
I wish you can include this addition to your Bollinger Bands pin in order to increase the possibilities.
Thank you very much for your awesome contribution and the best to you always!