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Bollinger & MA

  • #361
  • Dec 22, 2022 7:25pm Dec 22, 2022 7:25pm
Quoting dbsdsun
{quote} It automatically change symbols to upper case. Should it be HK50? In my MT4, it is US30, not "US30u"
Thank you for your reply
My MT4 product will be followed by a lowercase "u"
Remove it by automatically capitalizing the item selection?
  • #362
  • Dec 25, 2022 8:45am Dec 25, 2022 8:45am
I am making a little adjustment which is waiting for candle closed below band as a strong confirmation.

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  • #363
  • Dec 25, 2022 8:54am Dec 25, 2022 8:54am
Moving average 50 and B.band is a good entry trigger and very profitable if you know how to use it in a proper way.
This is last week signal on EU50 Index. I hope it does not hit my Stop Loss.

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  • #364
  • Dec 26, 2022 8:20am Dec 26, 2022 8:20am
Quoting Remax
I am making a little adjustment which is waiting for candle closed below band as a strong confirmation. {image}
Hi Remax
I am not with you on this one. When the price hit the opposite Bollinger sideband, then there is a large possibility that the direction will change to the opposite direction. And that is also what happened at your chart.
MetaTrader 4 - so many advantages.
  • #365
  • Dec 26, 2022 8:25am Dec 26, 2022 8:25am
Quoting Remax
Moving average 50 and B.band is a good entry trigger and very profitable if you know how to use it in a proper way. This is last week signal on EU50 Index. I hope it does not hit my Stop Loss. {image}
But this one is great. You are very right, that Bollinger can be used as confluence to your expectancies. In your example there is a double bottom and using BB to tell if the price will bounce on the DB or break through, gives a fantastic tool. Same with all other expected moves like Fibonacci, PA etc. Wait for the BB to approve what happens.
MetaTrader 4 - so many advantages.
  • #366
  • Dec 26, 2022 8:31am Dec 26, 2022 8:31am
Quoting kook
Hi, Started to play with this strategy on a $200 new demo account , Today entered 12 trades, 10 wins and 2 losses PnL: 22% A contribution, an indi that shows signal arrow and plots BB + MA {image} {file}{image}
i cant get it to mt4. can you tell me where is it wrong?





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  • #367
  • Dec 26, 2022 9:18am Dec 26, 2022 9:18am
Quoting PanTongHen
{quote} i cant get it to mt4. can you tell me where is it wrong? {image} {image} {image}
I can tell you, because that screen shot shows code made by me. What is the name of the file that you are trying to install?? And what is the name of the directory that you will install it to??
MetaTrader 4 - so many advantages.
  • #368
  • Dec 26, 2022 9:32pm Dec 26, 2022 9:32pm
Quoting RiskFighter
{quote} Tôi có thể cho bạn biết vė ảnh chụp mān hėnh đó hiển thị mã do tôi tạo. Tęn của tập tin mā bạn đang cố cāi đặt lā gė?? Vā tęn của thư mục mā bạn sẽ cāi đặt nó lā gė??
sorry I made a mistake downloading your file on page 292 but I'm having a bit of a problem on my computer. can you give me a full version of that great BB-EMA 50 idea? i just implemented it in tradingview. Personally, I find it very suitable for Bitcoin.

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  • #369
  • Edited 1:04pm Dec 30, 2022 11:38am | Edited 1:04pm
BMA serve many signals every day. Most of them can be traded, but you need to be careful in your selection of the right signal. Here is how I do it:

Risk/Reward 1:2

TF M15

  1. Signal bar must be strong.
  2. MACD (normal setting) must support.
  3. Stochastic must be in upper/lower area or have just crossed.

TF M30 and M60

  1. Bollinger is supporting the trade by having some energy in the direction.
  2. MACD is supporting.
  3. Stochastic has a nice straight line in the direction of the trade.

Take only a few but very strong trades a day.

I have my phone beeping every time I get a signal. Then I use 1 minute to analyze and normally not trading. So I can easily make other things while I am trading.

After the experience I have with the BMA until now, I think that this will be the best method to trade it for me. I will update Post #1 if this is conformed in the new year.

Happy New Year guys and dolls :O)

MetaTrader 4 - so many advantages.
  • #370
  • Jan 1, 2023 6:00am Jan 1, 2023 6:00am
The BMA strategy is good to find the beginning of a trend. So most very long and steep trends have started with a BMA signal. See first chart. However when the trend is running, then BMA is not very good at giving signals. What to do??

See second chart. In a steep trend, the Bollinger centerline is at fine exit signal. But often the trend continues. So if you exit because of crossing the centerline, then be ready to enter again if the centerline is crossed back.

As you can see - EMA50 is not part of this game and hence this is NOT part of the BMA strategy. I just wanted to show it.
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MetaTrader 4 - so many advantages.
  • #371
  • Jan 10, 2023 1:56am Jan 10, 2023 1:56am
Bit quiet around here, how is everybody going?
  • #372
  • Jan 10, 2023 4:39pm Jan 10, 2023 4:39pm
I have been very very busy with other life happenings lately. Have not traded at all. Hope to get some time to trade tomorrow.

It would be nice, if people would put up some trades here.

Is anybody using the BMA now after some time has gone? I use it as my primary --- aaah, I also use Ishi Moku. But that is two most different indicators and I cannot see them working together. Just nice to have more doors as the fox said.
MetaTrader 4 - so many advantages.
  • #373
  • Edited 3:23am Jan 11, 2023 12:23am | Edited 3:23am
OK, Just for fun let us compare BMA and Ichimoku which I both play with. Here is GBPCAD. First the naked chart, then the BMA and lastly the Ichimoku. All at timeframe H4.

The naked chart with only trend lines. So informative!
BMA provide a Sell signal at the top.
Ichimoku kind of give you a "carry on" signal. But most of the trend often has passed by then. And in this case it seems that all profit has gone at the entry time.

Sorry for the colours. I am a night person and need black background. You have to open charts in a new window to see it right - by clicking 1 time at the chart. Clicking 2 times will make it yet bigger, but the chart will be cut of at the right side.
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MetaTrader 4 - so many advantages.
  • #374
  • Jan 11, 2023 12:26am Jan 11, 2023 12:26am
So this afternoon - be carefull about trading USD.
(My time is CET)
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MetaTrader 4 - so many advantages.
  • #375
  • Jan 13, 2023 1:42am Jan 13, 2023 1:42am
Good trades have been really good, but too many bad trades.

Have been going to the following

Risk/Reward 1:2

TF M15

 

  1. Signal bar must be strong.
  2. MACD (normal setting) must support.
  3. Stochastic must be in upper/lower area or have just crossed.


TF M30 and M60

  1. Bollinger is supporting the trade by having some energy in the direction.
  2. MACD is supporting.
  3. Stochastic has a nice straight line in the direction of the trade.

Need to refine it a bit or I'm just taking bad trades

  • #376
  • Jan 13, 2023 10:15am Jan 13, 2023 10:15am
Quoting Pandatronix
Good trades have been really good, but too many bad trades. Have been going to the following Risk/Reward 1:2 TF M15 Signal bar must be strong. MACD (normal setting) must support. Stochastic must be in upper/lower area or have just crossed. TF M30 and M60 Bollinger is supporting the trade by having some energy in the direction. MACD is supporting. Stochastic has a nice straight line in the direction of the trade. Need to refine it a bit or I'm just taking bad trades
I think I got more than 70 signals yesterday. The thing is, that this strategy give you all signals that occur near the EMA50, which I use as trend line. It sort away signals that does not happen near the trend line, because those are in danger of going the wrong way faster.

So you got a bunch of signals that could be trend changing. But there are no garantee. Therefore you need to look at consolidations, as I mentioned earlier. But also use you senses. If you buy at R/R 1:2, then there must be room for that target - look in HTF. Are you buying against the trend? Any news coming soon? Are you buying right into resistance? You can also use price action. So judging the situation should make it possible to pick the very best and very few signals.

Another thing is, that higher time frames are more stable. So you could move it up to H1??

Maybe 1:2 is to hard and it should be 1:1.

Or maybe this strategy is not worth it at all?? I still believe in it and will continue to find the right way to trade it.
MetaTrader 4 - so many advantages.
  • #377
  • Edited 4:55am Jan 16, 2023 4:42am | Edited 4:55am
Quoting RiskFighter
{quote} I think I got more than 70 signals yesterday. The thing is, that this strategy give you all signals that occur near the EMA50, which I use as trend line. It sort away signals that does not happen near the trend line, because those are in danger of going the wrong way faster. So you got a bunch of signals that could be trend changing. But there are no garantee. Therefore you need to look at consolidations, as I mentioned earlier. But also use you senses. If you buy at R/R 1:2, then there must be room for that target - look in HTF. Are you...
Well, still trying and I am using the BMA. But I am also using other strategies. Right now I have 7 accounts running. Some with real money and others demo for testing strategies.

I have come to the conclusion, that Stochastics is an important indicator in many strategies and often you donīt need to look for trades, if the stochastic is not giving a signal. Sooo - it seemed to be a good idea to use 10 minutes to programme a stochastics alarm.

As usual when I programme something, then it is for my own purpose. I am happy to share but I donīt take wishes for improvement. Take it or leave it.

It uses EMA on the closed price. I just made it, so it is not tested a lot, but it is very, very simple, so I guess that it is working - otherwise let me know.

Remember to put it in the indicators folder.
Attached File(s)
File Type: ex4 Stochastic.ex4   12 KB | 228 downloads
MetaTrader 4 - so many advantages.
  • #378
  • Jan 16, 2023 4:56am Jan 16, 2023 4:56am
Quoting RiskFighter
{quote} I think I got more than 70 signals yesterday. The thing is, that this strategy give you all signals that occur near the EMA50, which I use as trend line. It sort away signals that does not happen near the trend line, because those are in danger of going the wrong way faster. So you got a bunch of signals that could be trend changing. But there are no garantee. Therefore you need to look at consolidations, as I mentioned earlier. But also use you senses. If you buy at R/R 1:2, then there must be room for that target - look in HTF. Are you...
Well, still trying and I am using the BMA. But I am also using other strategies. Right now I have 7 accounts running. Some with real money and others demo for testing strategies.

I have come to the conclusion, that Stochastics is an important indicator in many strategies and often you donīt need to look for trades, if the stochastic is not giving a signal. Sooo - it seemed to be a good idea to use 10 minutes to programme a stochastics alarm.

As usual when I programme something, then it is for my own purpose. I am happy to share but I donīt take wishes for improvement. Take it or leave it.

It uses EMA on the closed price. I just made it, so it is not tested a lot, but it is very, very simple, so I guess that it is working - otherwise let me know.

Remember to put it in the indicators folder.
Attached File(s)
File Type: ex4 Stochastic.ex4   12 KB | 223 downloads
MetaTrader 4 - so many advantages.
  • #379
  • Jan 25, 2023 1:36pm Jan 25, 2023 1:36pm
Entered these trades today TP/SL=20 pips on 1h TF.
(They all reached tp later but I closed some early)
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Investing is SIMPLE but NOT EASY
  • #380
  • Jan 31, 2023 3:11pm Jan 31, 2023 3:11pm
Quoting RiskFighter
{quote} Well, still trying and I am using the BMA. But I am also using other strategies. Right now I have 7 accounts running. Some with real money and others demo for testing strategies. I have come to the conclusion, that Stochastics is an important indicator in many strategies and often you donīt need to look for trades, if the stochastic is not giving a signal. Sooo - it seemed to be a good idea to use 10 minutes to programme a stochastics alarm. As usual when I programme something, then it is for my own purpose. I am happy to share but I donīt...
Thanks.
Your stoch print the arrow when stoch close below 80 from above or when it close above 80 from below?
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