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Bollinger & MA

  • #61
  • Oct 23, 2022 12:44pm Oct 23, 2022 12:44pm
Quoting RiskFighter
My trades I will put 1000$ into an account (real money) and trade the Daily with this system. I will show each and every trade on a spread sheet here. Starting monday 17. October. There will not be trades every day at the Daily. Therefore I will trade smaller TF for the fun on a Demo account. They will not be counted on the spread sheet, but I will show some selected trades from time to time. This is the spread sheet I will use. Let me improve it for some days, then I will upload it for others to use it. {image}
I know, I have not uploaded my trades yet. I have my own trading to look after too. It will come.
MetaTrader 4 - so many advantages.
  • #62
  • Oct 23, 2022 6:32pm Oct 23, 2022 6:32pm
Bollinger Band + MA + RSI
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 RSICandle (1).ex4   25 KB | 290 downloads
  • #63
  • Oct 25, 2022 4:02am Oct 25, 2022 4:02am
Quoting RiskFighter
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...
Take a look at this chart. It is the Daily chart. During the last half year there were only 2 times, when the price went below the 50EMA. In both the price went up again and it turned out, that it was a bounce to the EMA50. And there were loads of pips in the time after.

Those bounces are the most trustable signals we have, especially in a trending chart. But when will it bounce and when will it break down. The tool is to wait for a coming break up on the EMA50 and SMA5 - AND the price must have been closed below the EMA50 and below the lower Bollinger band.

But 2 signals in a half year - can you make a living of that?? Well - statistically it will be 4 trades in a year (with a lot of pips). I trade all 28 FOREX pairs. 4 trades per pair. Then you have 112 trades a year - with at lot of pips and with a high trustability.

Still - I trade the Daily. But somebody might use this on smaller timeframes and let us know of the experiences.


This is from now on my strategy with this thread. I will not alter post 1 just now. I will wait to see if we get a discussion of the subject and maybe and improvement.
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MetaTrader 4 - so many advantages.
  • #64
  • Oct 25, 2022 4:06am Oct 25, 2022 4:06am
Quoting Darwati
Bollinger Band + MA + RSI {image}{file}
That is a very nice trade. Personally I am not a RSI man myself. But it is a fine trade. I hope you will share more results.
MetaTrader 4 - so many advantages.
  • #65
  • Oct 25, 2022 8:45pm Oct 25, 2022 8:45pm
Quoting RiskFighter
{quote} That is a very nice trade. Personally I am not a RSI man myself. But it is a fine trade. I hope you will share more results.
To be honest, forex trading is not as simple as it seems, after you practice it for several years,

you still have to complete your trading tools as completely as possible

and the EA, indicator or script you use must be in a system that is easy for you to read and use.

and in my opinion, it can only be achieved if you build it yourself
  • #66
  • Oct 26, 2022 3:51am Oct 26, 2022 3:51am
So, I have made a robot that can give some nice trading alerts. I need some people to test it.

And the strategy has been changed since the thread started. Post 1 - 9 will be updated.
MetaTrader 4 - so many advantages.
  • #67
  • Oct 26, 2022 4:08am Oct 26, 2022 4:08am
Quoting RiskFighter
So, I have made a robot that can give some nice trading alerts. I need some people to test it. And the strategy has been changed since the thread started. Post 1 - 9 will be updated.
if you can make something like this and you share free in threat that's great

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  • #68
  • Oct 26, 2022 4:34am Oct 26, 2022 4:34am
dear RiskFighter , i ll be happy to test it too just what best time frame would be better to use
  • #69
  • Oct 26, 2022 9:36am Oct 26, 2022 9:36am
Quoting nobsinger77
dear RiskFighter , i ll be happy to test it too just what best time frame would be better to use
I believe he wrote about 4-5 times that he is trading this Strategy on the Daily Timeframe, so what do you think based on that, which timeframe he thinks its the best to use the Strategy on?

Right!! the 1Minute chart!! good job
Dont be upset with the result you didnt get from the work you didnt do
  • #70
  • Edited 3:09am Oct 28, 2022 2:54am | Edited 3:09am
Yesterday my robot gave signal on 3 pairs. They can all be traded, but 2 of them were against the trend, so I chosed the one that goes with the trend. I would have liked the old bar to close above the upper bollinger band, but I think in this case that it is ok whith the high being over the band. Also if you want to be more secure, it is adviseable to await the stochastic closing below 80.

So these are the signals that you will get from the robot.
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MetaTrader 4 - so many advantages.
  • #71
  • Oct 28, 2022 3:06am Oct 28, 2022 3:06am
Quoting nobsinger77
dear RiskFighter , i ll be happy to test it too just what best time frame would be better to use
Personally I trade the Daily for the moment. But I think that it would be nice if some of the people in this thread would try it on all other timeframes, because it should work. And in smaller timeframes you get more signals and will be able to throw away more and only trade the very best.

I am working on describing several strategies and you will receive a PDF document also, that I want you to comment on.

I found some small things that I want to change in the robot and I am very busy right now with other stuff, so the test will wait until the 7. of october.

In the attachement you need to click on it, because the colours are bad chosen. That is one of the things I must change in the robot.
MetaTrader 4 - so many advantages.
  • #72
  • Oct 28, 2022 3:08am Oct 28, 2022 3:08am
By the way I want to stress, that this is not commercial and it will never be!! I will not releace the code, but the robot will allways be free.
MetaTrader 4 - so many advantages.
  • #73
  • Oct 28, 2022 3:24am Oct 28, 2022 3:24am
Is there anybody who does not have a working job? I would like to sit some days during London and NY times and trade while exchanging trades and views on the market in real time with some people. Not every day though. Of cause we shold use the BMA strategy but other indicators to give confluences are very welcome in a trial to improve the strategy. We should use the robot which I will release very soon.
MetaTrader 4 - so many advantages.
  • #74
  • Oct 28, 2022 4:19am Oct 28, 2022 4:19am
Just a suggestion, you have to add 1 more indicator as a counterbalance,

so the decision to open close orders has 2 conditions:

if MA2 crosses with the BB midline and the condition of the 2nd indicator

if not maybe your EA is less than the maximum
  • #75
  • Oct 28, 2022 12:38pm Oct 28, 2022 12:38pm
Quoting Darwati
Just a suggestion, you have to add 1 more indicator as a counterbalance, so the decision to open close orders has 2 conditions: if MA2 crosses with the BB midline and the condition of the 2nd indicator if not maybe your EA is less than the maximum
No, that is another strategy. The BB midline is not part of this strategy at all. In my strategy we cross first the upper/lower BB line and then the EMA50 - which is the trendline. So the best signal is when the signal make a draw back to the trendline and then bounce - crossing the BB Upper/lower band and the EMA50. That is a very strong trend continuation signal. In addition we use the stocastich whis must cross to 20/80 levels. Together these signals are much more powerfull than the BB midline.
MetaTrader 4 - so many advantages.
  • #76
  • Oct 28, 2022 3:25pm Oct 28, 2022 3:25pm
Quoting RiskFighter
Is there anybody who does not have a working job? I would like to sit some days during London and NY times and trade while exchanging trades and views on the market in real time with some people. Not every day though. Of cause we shold use the BMA strategy but other indicators to give confluences are very welcome in a trial to improve the strategy. We should use the robot which I will release very soon.
I would be interested to exchange some trading ideas!

I am rather busy myself though with trading and and and.

So it might not happen very often.. I would be still open to get on a call a few times a month!
Dont be upset with the result you didnt get from the work you didnt do
  • #77
  • Oct 28, 2022 3:30pm Oct 28, 2022 3:30pm
Quoting TDT.Coffee
{quote} I would be interested to exchange some trading ideas! I am rather busy myself though with trading and and and. So it might not happen very often.. I would be still open to get on a call a few times a month!
Super. I will be able to trade the full day a couple of days in the week. I am not working but doing a lot of other stuff. Let's see if more people turns up.
MetaTrader 4 - so many advantages.
  • #78
  • Oct 28, 2022 3:43pm Oct 28, 2022 3:43pm
Got an idea today. My BMA robot can be put on multiple charts. But it only give alerts on the timeframe that the chart has. I should make it showing a list on all charts existing on the profile - on a set of multiple timeframes for each chart and it should at the same time for each signal show the degree of trending on all timeframes on that chart/pair.

That would be very nice.

Well, I am a fast coder but I am doing a lot of different things in my life and there are some new programming areas in this for me, so it will take at least another month before I have made this.
MetaTrader 4 - so many advantages.
  • #79
  • Edited 12:26pm Oct 29, 2022 6:10am | Edited 12:26pm
in my opinion, there can not be one singble indicator or any one system which can measure all stages of market movements and provide profitable entries and exits.

mostly trending indicators look fine but we need robust one during consolidations.
  • #80
  • Oct 29, 2022 8:31am Oct 29, 2022 8:31am
Quoting oo7rai
in my opinion, there can not be one singble indicator or any one system which can measure all stages of market movements and provide profitable entries and exits. mostly treding indicators look fine but we need robust one during consolidations.
Just don't trade during consolidations.
MetaTrader 4 - so many advantages.
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