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Bollinger & MA

  • #81
  • Oct 29, 2022 1:18pm Oct 29, 2022 1:18pm
Quoting RiskFighter
{quote} Just don't trade during consolidations.
Easy to say xD
  • #82
  • Oct 31, 2022 2:13am Oct 31, 2022 2:13am
Quoting ffss
{quote} Easy to say xD
I know.
MetaTrader 4 - so many advantages.
  • #83
  • Oct 31, 2022 2:21am Oct 31, 2022 2:21am
OK, I think the robot is ready. So I will make a massive test today.

I have 3 screens. I close all real money trading windows and put a demoaccount on each screen. Use timeframes on the 3 screens - M15, 1H and 4H. All 28 FOREX pairs on each account = screen. This gives 84 charts which all have my robot. I hate to trade anything less than 1H, but this is a test.

I expect more than 100 signals. I will take only trades where 50EMA is shoving a trend. And I hope this way, that I will be able to get some bounce trades in the direction of the trend.

Each trade will have a risk at 1% and I will set the SL as trailing right away. I know that it is common, that trades pull back and that I will lose some trades that way, but the trailing will minimize those losses. So as my hope is to identify pullback/bounce trades and as I am setting a trailing stop, this will be trades that identify the swings and run the trade until stopped out. Some of the trades should be able to run for nice winnings.

I will start at London open. Trade for a coupl of hours. Check the 4H if there are any trades, take a pause and the start again at NY open.

So I will have an exiting day at my desk. If the robot behaves, I will release it tomorrow.
MetaTrader 4 - so many advantages.
  • #84
  • Oct 31, 2022 2:44am Oct 31, 2022 2:44am
Quoting RiskFighter
OK, I think the robot is ready. So I will make a massive test today. I have 3 screens. I close all real money trading windows and put a demoaccount on each screen. Use timeframes on the 3 screens - M15, 1H and 4H. All 28 FOREX pairs on each account = screen. This gives 84 charts which all have my robot. I hate to trade anything less than 1H, but this is a test. I expect more than 100 signals. I will take only trades where 50EMA is shoving a trend. And I hope this way, that I will be able to get some bounce trades in the direction of the trend. Each...
Great news RiskFighter, I am following the BK8's system and yours as well. Looking forward to see your backtest results.
  • #85
  • Oct 31, 2022 3:11am Oct 31, 2022 3:11am
1st. trade today. The H1 timeframe. Normally I would want the 50EMA to be more steep, but the Bollinger shows a trend. So let us see and be more wise when the trade closes. A 1% risk has been set with a trailing stop.
Attached Image (click to enlarge)
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MetaTrader 4 - so many advantages.
  • #86
  • Oct 31, 2022 3:18am Oct 31, 2022 3:18am
Quoting RiskFighter
1st. trade today. The H1 timeframe. Normally I would want the 50EMA to be more steep, but the Bollinger shows a trend. So let us see and be more wise when the trade closes. A 1% risk has been set with a trailing stop. {image}
Aaaarrgh - I totally forgot to set up the Stochastic for confluense. Luckyly it is with me in this trade!!
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 40 KB
MetaTrader 4 - so many advantages.
  • #87
  • Oct 31, 2022 3:28am Oct 31, 2022 3:28am
In the original BK8 strategy I think the the Mid bollinger band had som influence on when to trade. I use EMA50 in stead in order to get quicker into the trade. But it is a very good sign if my trade cross that Mid Bollinger band. Until that happens, the trade is still unsecure. I am not there yet.
Attached Image
MetaTrader 4 - so many advantages.
  • #88
  • Oct 31, 2022 3:50am Oct 31, 2022 3:50am
So this is the kind of alert that you get when a signal is present. I right now have decided to change this. I will make the robot to color the background of a chart which have a signal. That will be faster and easier to spot.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 5 KB
MetaTrader 4 - so many advantages.
  • #89
  • Oct 31, 2022 4:42am Oct 31, 2022 4:42am
OK, still had an error in the robot. I made changes in the weekend and at weekend the brokers close the trading servers, so programming made in the weekend cannot be tested. This means that I had very few signals this morning.

I have now corrected the error and I made the new idea I had. So in stead of reading the alerts, you now get an alert by the robot painting the background of the chart SteelBlue. This is easy!!! The darker blue is when you own the pair long. And I paint it red when you own it short. BUT, I have made it possible for the user to changes those colours to your own likes in the parameter setting.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 111 KB
MetaTrader 4 - so many advantages.
  • #90
  • Oct 31, 2022 7:30am Oct 31, 2022 7:30am
So here is how the trailing stop works. I can no longer lose money on this trade. The downside is, that I am trailing a bit close to the price. I could increase the trail. Or I could manually set the SL to the EMA50. But for now, I will let the trail run.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 43 KB
MetaTrader 4 - so many advantages.
  • #91
  • Oct 31, 2022 10:17am Oct 31, 2022 10:17am
The day has not been perfect. And I have to stop soon.

But I want to show you a setup that I got just now on H1, because this is exactly the setup that I am looking for. Note that it is a nice downtrend. A nice big signal bar. Stochastics is passing below 80. Risk 1% of the account balance and trailing stop has been set to 1%. I don't like the dobbelt buttom, but think the trend is strong enough to break that.

I had errors in the robot which took away focus at the London timeslot.

Tomorrow we have a government election i Denmark and I will not trade before NY Open. I will send out the robot tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 41 KB
MetaTrader 4 - so many advantages.
  • #92
  • Nov 1, 2022 12:52am Nov 1, 2022 12:52am
Thanks, i will test this strategy with small live account
  • #93
  • Nov 1, 2022 8:47pm Nov 1, 2022 8:47pm
Quoting kutato
Thanks, i will test this strategy with small live account
Start on demo. You will have to get used to it first.
MetaTrader 4 - so many advantages.
  • #94
  • Nov 1, 2022 8:48pm Nov 1, 2022 8:48pm
I usually use a combination of BOLLINGER BANDS and VOLUME to look for the best opportunities, I even created an indicator of the way I see the market.

Incredibly, no error, yes the indicator is 100% of use.
the operation is for only 1 candle, the same one in which the arrow appears as shown in the photo.
Attached File(s)
File Type: ex4 @insider_2.0.ex4   18 KB | 357 downloads

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 23 KB
  • #95
  • Nov 1, 2022 8:52pm Nov 1, 2022 8:52pm
Here comes the robot and a document explaining how it works.
Attached File(s)
File Type: ex4 BollingerMA_2.ex4   16 KB | 432 downloads
File Type: pdf BollingerMA Strategy.pdf   219 KB | 821 downloads
MetaTrader 4 - so many advantages.
  • #96
  • Nov 1, 2022 9:03pm Nov 1, 2022 9:03pm
Quoting bryaninsider
I usually use a combination of BOLLINGER BANDS and VOLUME to look for the best opportunities, I even created an indicator of the way I see the market. Incredibly, no error, yes the indicator is 100% of use. the operation is for only 1 candle, the same one in which the arrow appears as shown in the photo.{file} {image}
Thank you for sharing. This looks fine. I have tried using volumes too, but never semed to get much out of it. What is the value of the volume that must exist when you are allowed to take a cross trade from the bollinger boundaries?

I see that this is your first post. Have you never been on Forex Factory before?
MetaTrader 4 - so many advantages.
  • #97
  • Nov 1, 2022 9:14pm Nov 1, 2022 9:14pm
Quoting RiskFighter
{quote} Obrigado por compartilhar. Isso parece bom. Eu tentei usar volumes também, mas nunca consegui tirar muito disso. Qual é o valor do volume que deve existir quando você tem permissão para fazer uma negociação cruzada dos limites do bollinger? Vejo que este é seu primeiro post. Você nunca esteve no Forex Factory antes?
yes, it's the first time here on this forum, unfortunately I was banned from being in forums because I work in a well-known bank, now I enjoy my freedom and so I started to program some ideas that I used to do for institutions, this can put some money in my pocket and guarantee the quality of life I've always had, so I thought it was a good idea.

I tried to transcribe it into metatrader language because it is popular and I believe that my tool will reach as many people as possible.

about volume conditions, I think we can open a topic just to create and post ideas and tools about it, the content is very good.
  • #98
  • Nov 1, 2022 9:30pm Nov 1, 2022 9:30pm
Quoting bryaninsider
{quote} yes, it's the first time here on this forum, unfortunately I was banned from being in forums because I work in a well-known bank, now I enjoy my freedom and so I started to program some ideas that I used to do for institutions, this can put some money in my pocket and guarantee the quality of life I've always had, so I thought it was a good idea. I tried to transcribe it into metatrader language because it is popular and I believe that my tool will reach as many people as possible. about volume conditions, I think we can open a topic just...
Sounds fine. I think such a topic would be great! Please make it.

Wellcome then in the club. I am just a pensioned Engineer that loves programming and trading.
MetaTrader 4 - so many advantages.
  • #99
  • Nov 1, 2022 9:52pm Nov 1, 2022 9:52pm
Quoting bryaninsider
{quote} yes, it's the first time here on this forum, unfortunately I was banned from being in forums because I work in a well-known bank, now I enjoy my freedom and so I started to program some ideas that I used to do for institutions, this can put some money in my pocket and guarantee the quality of life I've always had, so I thought it was a good idea. I tried to transcribe it into metatrader language because it is popular and I believe that my tool will reach as many people as possible. about volume conditions, I think we can open a topic just...
Thx for contributing; the volume indicator looks similar to the Waddahattarexplosion (WAE volume indicator) which I use on the Daily or H4 TFs.
  • #100
  • Nov 1, 2022 10:37pm Nov 1, 2022 10:37pm
Quoting bryaninsider
{quote} yes, it's the first time here on this forum, unfortunately I was banned from being in forums because I work in a well-known bank, now I enjoy my freedom and so I started to program some ideas that I used to do for institutions, this can put some money in my pocket and guarantee the quality of life I've always had, so I thought it was a good idea. I tried to transcribe it into metatrader language because it is popular and I believe that my tool will reach as many people as possible. about volume conditions, I think we can open a topic just...
Volume conditions?, there is no volume data in forex and as a ex banker - surely you know that.

I don’t think your’e being honest about your background.

However, tick volume is workable for some traders so please call it by its real name so there’s no confusion.

I better be positive now and suggest a good trending Bollinger Band set up is using two different bands based on 38/2 and 38/1.

Works well in a EA, worth a try.
Good luck everyone
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