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Bollinger & MA

  • #261
  • Nov 28, 2022 5:12pm Nov 28, 2022 5:12pm
Quoting Timo3911
Thanks for the thread the work and all the knowledge @RiskFighter I am still quite a newbie, I know the basics of course but am not into topics like SMC or wyckoff. That's why I like your strategy with clear rules very much. Do you think it's possible to make 2-3% monthly consistently over years with prop companies? You could later go to higher timeframes like the M30, just to increase the winrate.
Well - Keep it simple. And I myself need very strict rules when I trade. My stummock don't like guessing!

As you can see in post 260, I have made 3%. Used 19 days including weekends and days where I did not trade. But it all depends on your strategy and your diciplin. The robot gives you a lot of possible trades. You must be good at picking the best. And you must have a fine exit strategy. That really is uttermost important.

Of cause start on Demo. Take all of the trades. Make a note on each trade how fine a setup you think it is. Check the result and learn. Over time you will have some material that can show you where you are good and where you need to make some improvements. Make you written strategy. Then in a phase 2, take the trades that your strategy tells you. If you are ok, then go live and make money.
MetaTrader 4 - so many advantages.
  • #262
  • Nov 28, 2022 7:28pm Nov 28, 2022 7:28pm
My trade on us500, I found the signal on M15, closed after 0.5% profit, 1% lot. I will get much more if I kept it.
When the system alert a signal, I may open an order or ignore it, but I won't against the signal. I search signals in
different time frame, and I won't trade without a signal.

M30 is between M15 and H1. Therefore, I trade M15 and H1, not M30.

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  • #263
  • Nov 28, 2022 7:52pm Nov 28, 2022 7:52pm
Quoting RiskFighter
{quote} Well - Keep it simple. And I myself need very strict rules when I trade. My stummock don't like guessing! As you can see in post 260, I have made 3%. Used 19 days including weekends and days where I did not trade. But it all depends on your strategy and your diciplin. The robot gives you a lot of possible trades. You must be good at picking the best. And you must have a fine exit strategy. That really is uttermost important. Of cause start on Demo. Take all of the trades. Make a note on each trade how fine a setup you think it is. Check...
should we trade when MA50 is outside the outer boundary of BB. I see the EA giving quite a few of these signals?
  • #264
  • Nov 29, 2022 3:28am Nov 29, 2022 3:28am
Quoting dbsdsun
My trade on us500, I found the signal on M15, closed after 0.5% profit, 1% lot. I will get much more if I kept it. When the system alert a signal, I may open an order or ignore it, but I won't against the signal. I search signals in different time frame, and I won't trade without a signal. M30 is between M15 and H1. Therefore, I trade M15 and H1, not M30. {image}
Nice. I think it is a good idea to search more than one TF. I plan to make the robot do that automatically.

And yes, if you do like me and take 0.5% profit, then you will have many cases where you could have gotten more. On the other hand, then the 0.5% goes nicely to the pocket. I make only one trade per day. Or more trades if the first one fails in order to get the 0.5% anyway. So this should profit about 10% a month. That is fine to me.
MetaTrader 4 - so many advantages.
  • #265
  • Nov 29, 2022 3:29am Nov 29, 2022 3:29am
Quoting tienphuc2910
{quote} should we trade when MA50 is outside the outer boundary of BB. I see the EA giving quite a few of these signals?
You are right. And theoretical we should if the price cross the MA50. BUT I don't like it and I do not take those trades. Just my oppinion.
MetaTrader 4 - so many advantages.
  • #266
  • Nov 29, 2022 5:24pm Nov 29, 2022 5:24pm
Quoting RiskFighter
{quote} You are right. And theoretical we should if the price cross the MA50. BUT I don't like it and I do not take those trades. Just my oppinion.
I've been doing testing of your idea on the us500 and eu50

Mostly just Long only buying the dips on the 4hourly chart

It looks promising over the past 5 years

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  • #267
  • Nov 30, 2022 2:20am Nov 30, 2022 2:20am
Both long signal in H1 and short signal in M15 are profitable.
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11.29 14:00, there is a long signal on H1, stop at 7206.
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11.30 1:00, there is a short signal on M15, then I opened a short trade, and thought long in H1 was not valid.
I closed short order at middle R1 of daily pivot points (7226). Lowest daily price is 7224 which is higher that H1 stop price, 7206.

Surprisingly, price goes up, and the long signal is also profitable.

So, I only open orders with signals, and hold them until stop out or make profit. I won't be threatened by price and quit in the middle.
  • #268
  • Nov 30, 2022 6:09pm Nov 30, 2022 6:09pm
Quoting IcyComplex
{quote} I've been doing testing of your idea on the us500 and eu50 Mostly just Long only buying the dips on the 4hourly chart It looks promising over the past 5 years {image}
Thank you for testting. Have you any numbers written down to share?

I look forward to hear from your live trades.
MetaTrader 4 - so many advantages.
  • #269
  • Nov 30, 2022 6:14pm Nov 30, 2022 6:14pm
Quoting dbsdsun
Both long signal in H1 and short signal in M15 are profitable. {image}11.29 14:00, there is a long signal on H1, stop at 7206. {image}11.30 1:00, there is a short signal on M15, then I opened a short trade, and thought long in H1 was not valid. I closed short order at middle R1 of daily pivot points (7226). Lowest daily price is 7224 which is higher that H1 stop price, 7206. Surprisingly, price goes up, and the long signal is also profitable. So, I only open orders with signals, and hold them until stop out or make profit. I won't be threatened...
He, he. That is a lesson on the many possibilities there are when you trade many timeframes. It is also a nice reminder that we do not need the trades to be aligned with all of the upper timeframes. A strong signal bar and good supporters, then go for it.

Tell me - why do you have 2 hull indicators on the sheet?
MetaTrader 4 - so many advantages.
  • #270
  • Dec 1, 2022 1:17am Dec 1, 2022 1:17am
Humbly joining this thread, quite an interesting strategy.

Have been successful so far in testing 1:0.5 RR as per risk fighter - will keep going for two weeks in total.

Definitely think we need to find a good way to exit and maximize that R:R - will start looking when I get some time.
  • #271
  • Dec 1, 2022 2:50am Dec 1, 2022 2:50am
Quoting Pandatronix
Humbly joining this thread, quite an interesting strategy. Have been successful so far in testing 1:0.5 RR as per risk fighter - will keep going for two weeks in total. Definitely think we need to find a good way to exit and maximize that R:R - will start looking when I get some time.
Welcome on board. The more brains the better.
MetaTrader 4 - so many advantages.
  • #272
  • Dec 1, 2022 2:55am Dec 1, 2022 2:55am
I was thinking. In this strategy we use Bollinger to confirm bounces from a trend. We could use the same strategy with other parameters where we expect bounces.

It could be: Last days high/low, round numbers, confirming fibonachi levels 1.5 and 1.68, ABC patterns etc. You name it! Everywhere you expect a change in direction - just ask Bollinger if the change comes.

Well - this is not a topic for this thread. Just an observation. I might use this in another strategy in another thread.
MetaTrader 4 - so many advantages.
  • #273
  • Dec 1, 2022 2:56am Dec 1, 2022 2:56am
Well, I have done my trades for today. Took 1/2 hour at London open. But I am behind schedule, so I will find some trades at NY open as well.
MetaTrader 4 - so many advantages.
  • #274
  • Dec 1, 2022 3:02am Dec 1, 2022 3:02am
Remember one thing. A bounce must have some power. Like if the price is banging against a wall. It means that tiny small bars crossing EMA50 and Bollinger sideband are not reliable. Wait for a larger bar to confirm the bounce.
MetaTrader 4 - so many advantages.
  • #275
  • Dec 1, 2022 9:15am Dec 1, 2022 9:15am
Quoting RiskFighter
{quote} He, he. That is a lesson on the many possibilities there are when you trade many timeframes. It is also a nice reminder that we do not need the trades to be aligned with all of the upper timeframes. A strong signal bar and good supporters, then go for it. Tell me - why do you have 2 hull indicators on the sheet?
traditionally, if three MAs point to same direction, it's trending.
  • #276
  • Dec 1, 2022 9:18am Dec 1, 2022 9:18am
Quoting RiskFighter
I was thinking. In this strategy we use Bollinger to confirm bounces from a trend. We could use the same strategy with other parameters where we expect bounces. It could be: Last days high/low, round numbers, confirming fibonachi levels 1.5 and 1.68, ABC patterns etc. You name it! Everywhere you expect a change in direction - just ask Bollinger if the change comes. Well - this is not a topic for this thread. Just an observation. I might use this in another strategy in another thread.
1. how about bounce from boll(20) or boll(60)? boll(60) means boll(20) in higher time frame.
2. how about bounce from boll base line? in trending market, price stays in one side of bollinger base line, when price goes to base line, it will resume trend.
  • #277
  • Dec 1, 2022 9:49am Dec 1, 2022 9:49am
Quoting dbsdsun
{quote} 1. how about bounce from boll(20) or boll(60)? boll(60) means boll(20) in higher time frame. 2. how about bounce from boll base line? in trending market, price stays in one side of bollinger base line, when price goes to base line, it will resume trend.
Yes. All is correct. But you are talking standard Bollinger techniques. In my post I was talking about using Bollinger techniques to support actions on other indicators. This confluence is strong.
MetaTrader 4 - so many advantages.
  • #278
  • Edited 1:56pm Dec 1, 2022 10:51am | Edited 1:56pm
Hi RiskFighter, thank you for sharing this nice and simple-clear system which I just discovered today...I just started testing it on M1 to see how it behaves and it worked for me very well from 14 trades I made 9 wins and 5 loss and I picked all signals when I was behind computer. For me very solid at first glance. Will do more tests and update here. Thanks again. I have also question what do you think will this work also on Renko bars? And one more to your EA will it be possible to implement something like graphical mark like arrow to the graph to show when the alarm is notify you about possible trade to be able to back test signals visually?
  • #279
  • Dec 1, 2022 4:29pm Dec 1, 2022 4:29pm
Quoting teapeak
Hi RiskFighter, thank you for sharing this nice and simple-clear system which I just discovered today...I just started testing it on M1 to see how it behaves and it worked for me very well from 14 trades I made 9 wins and 5 loss and I picked all signals when I was behind computer. For me very solid at first glance. Will do more tests and update here. Thanks again. I have also question what do you think will this work also on Renko bars? And one more to your EA will it be possible to implement something like graphical mark like arrow to the graph...
Wellcome. Which exit criteria did you use.

Your graphical question I have answered in an earlier post.
MetaTrader 4 - so many advantages.
  • #280
  • Dec 2, 2022 1:32am Dec 2, 2022 1:32am
Quoting RiskFighter
{quote} Wellcome. Which exit criteria did you use. Your graphical question I have answered in an earlier post.
Thanks for reply. I used fixed TP=4 pips.
Regarding graphical question if you mean you wrote that this is EA and not indicator then ok I thouht that it is possible to leave some marks even in EA.
Please answer also to my question regarding Renko. Thank you.
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