Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

MT4 Breakout Alert Bollinger Band & Donchian Channel indi? 0 replies

rsi & bollinger band alert indicator 0 replies

Stochastic divergence indicator with stochastic cross? 0 replies

Bollinger Band trade tools - Trade Manager & Dashboard 31 replies

ema bollinger band alerts 1 reply

Attachments: Bollinger Band & Stochastic
Exit Attachments

Bollinger Band & Stochastic

Great entries…10 pips arer not 10 pips in every pair so it has to be fitted
Vucking good EA coder...
Quoting StingrayEA
Dear, First of all, this stategy is quite simple, and but is not a holy grill. The strategy setup is using the default of Bollinger band (period 20, deviation 2, shift 0 ) and Stochastic ( 14,3,3 ). Quite long time when i first learn the forex , I hate Stochastic very much, because of my misunderstanding with this indicator. Later i found it after i am self-experiment ( of course with some my saving money .... ) , this indicator can help me : Filtering my emotion (When i must open or take position ) Filtering my greedy ( Want to have a big...
Shame. I was searching for a holy "grill".
All you touch and all you see, is all your life will ever be.
  • Post #23
  • Quote
  • Edited at 8:11pm Jul 7, 2021 8:00pm | Edited at 8:11pm
Before I turned to another style of trading, I loved BB very much. It represents statistical facts. Shorter period and longer period of BB could be used to detect the overall direction, pullback and momentum. Another good assistant tool is CCI. You could watch BB and CCI with cleaner chart without too many bands.
Discretionary Quantitative Trader
Quoting reteid2222
Great entries…10 pips arer not 10 pips in every pair so it has to be fitted
Yes, the entries are really good. So if someone doesn’t like the idea of scalping, they can add this to their tool kit for entries while employing market structure.
Quoting TampaDave
10 pips is such a small movement of the candles and is achieved time and time again. The drawback has consistently been less than 10 pips, usually less than 5 or 6.

Very interesting post, thanks, Dave.

What kind of stop-loss have you been using for this?
  • Post #26
  • Quote
  • Last Post: Jul 11, 2021 1:56am Jul 11, 2021 1:56am
Quoting StingrayEA
Dear, First of all, this stategy is quite simple, and but is not a holy grill. The strategy setup is using the default of Bollinger band (period 20, deviation 2, shift 0 ) and Stochastic ( 14,3,3 ). Quite long time when i first learn the forex , I hate Stochastic very much, because of my misunderstanding with this indicator. Later i found it after i am self-experiment ( of course with some my saving money .... ) , this indicator can help me : Filtering my emotion (When i must open or take position ) Filtering my greedy ( Want to have a big...
Hi...
- You trade a reversal from outside the BB into inside: So trade #3 is NOT a sell its a BUY
- I would never trade fixed SL TP in pips/points: 10 pips on one pair are completely different in another pair and other tf
- So I recommend using atr fixed...watch youtube videos for explanation this guy has this: https://www.youtube.com/channel/UCGL...vZh_dvSV2z1hoQ
- Alternative BB trader using BB other side(which is a high risk from my point of view) I instead use middle BB which is the sma 20 but also good working are emas 100-150
- You can set SL under last low/over last high... this reduces the drawdown but also the winrate much... so I prefer less pairs trading to reduce dd...
Greetings and have success with it!
Vucking good EA coder...
0 traders viewing now