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Attachments: Bollinger & MA
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Bollinger & MA

  • Post #41
  • Quote
  • Edited 9:15am Oct 18, 2022 4:04am | Edited 9:15am
My trade yesterday on D1. 20:31 GMT
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Good day. Probably I didn't get some rules of the strategy. Could you explain me why you didn't enter the circles?
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These violent delights have violent ends.
Quoting Kadosh
Good day. Probably I didn't get some rules of the strategy. Could you explain me why you didn't enter the circles? {image}
Yes. Look at the text in the post:
I have only showed the BUY trades. But look at it, there are some very fine SELL trades, even if the trend is upwards. But be sure to have risk management in place and be sure to set SL at break even as soon as possible.

So you are very right about the signals that you have circled.
Read post #1 !! Then read it again 10 more times before you ask.
Quoting Night63
My trade yesterday on D1. 20:31 GMT {image}
Nice Night. You have really understood the strategy. Are those exit profit or are the trades still running?
Read post #1 !! Then read it again 10 more times before you ask.
Quoting RiskFighter
{quote} Yes. Look at the text in the post: I have only showed the BUY trades. But look at it, there are some very fine SELL trades, even if the trend is upwards. But be sure to have risk management in place and be sure to set SL at break even as soon as possible. So you are very right about the signals that you have circled.
Got it. Thanks. So inattentive... I like D1 systems. Wanna try your system.
These violent delights have violent ends.
Quoting Kadosh
{quote} Got it. Thanks. So inattentive... I like D1 systems. Wanna try your system.
Super :-)
Read post #1 !! Then read it again 10 more times before you ask.
Add next trade sell today?
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Quoting Night63
Add next trade sell today? {image} {image}
Jep, that looks great. Lets see at the end of day.
Read post #1 !! Then read it again 10 more times before you ask.
Today I opened 8 positions on 4 pairs. Only EURGBP was opened after the signal the rest had to be opened earlier but the price pulled back so I opened them. SL is the swing low/high and the first trade has got R:R 1:1 and the second has got trailing stop equals to SL. It seems for me that we have to open trades in the direction of weekly trend. Only EURGBP is opened in this direction.
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These violent delights have violent ends.
Quoting Kadosh
Today I opened 8 positions on 4 pairs. Only EURGBP was opened after the signal the rest had to be opened earlier but the price pulled back so I opened them. SL is the swing low/high and the first trade has got R:R 1:1 and the second has got trailing stop equals to SL. It seems for me that we have to open trades in the direction of weekly trend. Only EURGBP is opened in this direction. {image}
Hi Hadosh
Nice to hear from you and your suggestion. I agree that there seem to be a problem. One thing to do would be to trade only in the direction of the daily as you suggest. Please follow that lead and let's see how fine it is.

The problem is, that in a very strong trend, the bars will stay in one half of the bollinger band. During such a trend the bars will make numerous crosses back and forth on the 5SMA. And all signals will be false. See the attachment. The marked rectangle shows the problem.

My take on the problem will be to not trade a very strong trending pair. I want to se that the trend is broken before that pair is again a subject for my trading.

Furthermore I have set up a Stocastic on my charts (14,3,3) to confirm trades. It is clearly to see how the stochastic has also problems during a very strong trend.

The good news is, that when we sometimes are lucky to catch the beginning of such a strong trend, then we can follow it until the middle of the Bollinger has been crossed.

I took some trades today. I will put it up on FF later.
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Read post #1 !! Then read it again 10 more times before you ask.
Today opened 2 positions (1 pair). I saw one more pair but it was against weekly trend.
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These violent delights have violent ends.
Interesant..
Attached File(s)
File Type: zip Strong System.zip   344 KB | 267 downloads
Quoting Night63
Interesant.. {file}
I saw this kind of system. The problem of the arrows is that they repain. They do not disappear they appear after some time. Probably I'm wrong. I will try to test it in the evening.
These violent delights have violent ends.
To check this system on lower timeframes... like 15mins or 1hr do we need to caliber to suite smaller timeframe setup? example Bollinger period 20, MA period 50 and MA period 5 given for Daily charts.. this setup needs to be changed for smaller timeframe trades? kindly suggest... then I will test this strategy and post the results Gw.
On your example on post #1 you said that the 50EMA is the trendline and we must trade in direction of this 50EMA but on your chart below there are 3 BUY trades with a 50EMA down, is it a mistake?
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Quoting Kadosh
{quote} I saw this kind of system. The problem of the arrows is that they repaint. They do not disappear they appear after some time. Probably I'm wrong. I will try to test it in the evening.
I was mistaken. I didn't notice appearance of the arrows. I tested it in tester and didn't notice it.
These violent delights have violent ends.
So far this strategy has save man this week and it look promising.
Quoting 8tango
On your example on post #1 you said that the 50EMA is the trendline and we must trade in direction of this 50EMA but on your chart below there are 3 BUY trades with a 50EMA down, is it a mistake?{image}
You must make a straight line that represent the 50EMA and then it is a line that is trending up. I don't think of the trend as ended just because there is a small bow down here and there. I look at the overall picture.
Read post #1 !! Then read it again 10 more times before you ask.
As I mentioned in post #1, this thread has the purpose of reinventing the very first BK8 trade. I made som fine trades last week, but there were many trades that I did not take, because a Short signal in a steep uptrending curve seems to me to be hazardeus. And they were. Their are many false signals in steep trends.

Therefore I will from now on only take trades which cross both SMA5 and EMA50. This is because that these trades have a very high probability to reprecent bouncing trades on the EMA50 which is the trend. I think that this is the sevret formula to succes. Then there will be fewer trades. Therefore I will now trade on the 4H time frame in order to get enough trades.
Read post #1 !! Then read it again 10 more times before you ask.
Take a look at this picture. I have loaded one of my favorit indicators into the chart - Smoothed Heikin Ashi. It runs smootly within the Bollinger bands.

It can support when to take a trade and when to exit.

 

  1. When SHA change colour.
  2. When a bar cross the SHA bars into a direction change.

Allthough if a large bar cross the SHA, then it often turns out, that the next bar goes right back again. But I think it is worth analysing that tool in this connection.

Sorry for the colours. You might wish to change colours on SHA.

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Attached File(s)
File Type: ex4 Heiken_Ashi_Smoothed.ex4   12 KB | 78 downloads
File Type: mq4 Heiken_Ashi_Smoothed.mq4   8 KB | 98 downloads
Read post #1 !! Then read it again 10 more times before you ask.
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