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BB on Steroids

  • #161
  • May 14, 2007 4:09am May 14, 2007 4:09am
I'm using the daily chart and filtering with stochastics on the weekly chart for my entry i.e exactly as Mr Harvell says.The ATR(5) is added to the previous days high if going short or subtracted from the previous days low if going long and the stop is moved daily in favour of the trade.
Cheers.
  • #162
  • May 14, 2007 5:22am May 14, 2007 5:22am
edge540,
Please, indicate where Mr. Harvell said about stochastics or tell me yourself. (it is very difficult for me to read all the pages)
  • #163
  • May 14, 2007 5:44am May 14, 2007 5:44am
Check post #47 for information on using stochastics, basically you confirm the buy or sell signal with the weekly chart stochastics and use the daily chart stochastics for exiting the trade.
Cheers.
  • #164
  • Jan 22, 2008 3:22pm Jan 22, 2008 3:22pm
Thanks for sharing. I am grateful.
  • #165
  • Jan 22, 2008 10:42pm Jan 22, 2008 10:42pm
I think this is the most profitable daily system I've ever seen! 10,000 pips in 2006 is most impressive. Paris
  • #166
  • Jan 23, 2008 8:28am Jan 23, 2008 8:28am
It's amazing to me that some will take a system that has almost a 70% strike rate and made +10,000 pips profit in 2006 and try to make adaptations. When all it really needs is a 3 or 4 year back test on one currency pair to see what kind of results it may have. I appreciate the back tests on the pdf complete but that's for 3 pairs at different periods of the year. Perhaps that was taken from what pairs did best at certain time periods but not an average? So we have 3 pairs back tested for 4 months each. I would love to see what the GBP/USD made for profit in years 2004, 2005, and 2006. Has anyone done this using the original BB on Steroids system? Thanks, Paris
  • #167
  • Jan 25, 2008 12:05am Jan 25, 2008 12:05am
Quoting Paris Hilton
It's amazing to me that some will take a system that has almost a 70% strike rate and made +10,000 pips profit in 2006 and try to make adaptations. When all it really needs is a 3 or 4 year back test on one currency pair to see what kind of results it may have. I appreciate the back tests on the pdf complete but that's for 3 pairs at different periods of the year. Perhaps that was taken from what pairs did best at certain time periods but not an average? So we have 3 pairs back tested for 4 months each. I would love to see what the GBP/USD made for profit in years 2004, 2005, and 2006. Has anyone done this using the original BB on Steroids system? Thanks, Paris
I think that I will do some extensive backtesting on this and check it out. I agree, we need years of data on this and see how well it might do.

I will post back here in a few weeks (or months) with the results. I do manual testing in Forextester, so it will be a while......
  • #168
  • Jan 25, 2008 12:54pm Jan 25, 2008 12:54pm
Nice method. Thanks kharvell for share it.
  • #169
  • Feb 24, 2008 5:00am Feb 24, 2008 5:00am
[quote=Paris Hilton;1816666]It's amazing to me that some will take a system that has almost a 70% strike rate and made +10,000 pips profit in 2006 and try to make adaptations. When all it really needs is a 3 or 4 year back test on one currency pair to see what kind of results it may have. I appreciate the back tests on the pdf complete but that's for 3 pairs at different periods of the year. Perhaps that was taken from what pairs did best at certain time periods but not an average? So we have 3 pairs back tested for 4 months each. I would love to see what the GBP/USD made for profit in years 2004, 2005, and 2006. Has anyone done this using the original BB on Steroids system? Thanks, Paris[/quote

Simple and easy to implement strategy. On behalf of forum readers, let me say thank you, Kharvell.
  • #170
  • Feb 24, 2008 2:07pm Feb 24, 2008 2:07pm
This system is like the vast majority of systems,a piece of FX art. I traded this for a few months last year with real money in a real account and incurred real losses on a regular basis.Like all new traders I believed that indicator based systems were the way to go and tried many of them with no success what so ever.The only way to see if these systems actually work is to trade them with real money and you invariably end up loosing your shirt.
  • #171
  • Feb 24, 2008 2:13pm Feb 24, 2008 2:13pm
I second that. Indicator based systems do not have any predictive quality.

I suppose Dopey would argue that trading with pitchforks is good. I have yet to see any real advantage to stochs, macd, etc.

Lucky runs happen occassionally, but you are walking into a mine field.

Quoting edge540
This system is like the vast majority of systems,a piece of FX art. I traded this for a few months last year with real money in a real account and incurred real losses on a regular basis.Like all new traders I believed that indicator based systems were the way to go and tried many of them with no success what so ever.The only way to see if these systems actually work is to trade them with real money and you invariably end up loosing your shirt.
  • #172
  • Oct 28, 2012 11:09pm Oct 28, 2012 11:09pm
To Kevin and other who are using this system religiously

I have been testing BB on steroids for a only a couple of months now and the result is really amazing and one of the systems I have ever used based on indicators, but I would like to know if you any specif reason on why you selected just the GBP/USD USD/JPY AND GBP/JPY pairs?????
  • #173
  • Last Post: Jun 15, 2013 4:29am Jun 15, 2013 4:29am
Quoting accrete
Greetings, some of you know i just can't resist a doodle. About a year and a half ago i read "Bollinger on Bollinger Bands" and became very interested in the idea of using dual bands. At that time I created an indicator and did quite a bit of testing, and now, reading this thread, for an in-context use I have reset the defaults to what Kevin has called for. Basicaly what i did is add a second band, both of which can have the deviation set out to .xx decimal place. I was actually using fibo numbers during some of my tests and so needed the 1.62...

Link broken.Pl. upload it once again
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