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FLAT Bollinger Band System

  • #41
  • Edited 8:29pm Jul 6, 2009 9:03am | Edited 8:29pm
OP Long GU. Indicator said GU monthly still down but visully clear that Monthly BB is FLAT (Yellow color)

This position just close +116 pips this morning (GMT +7)
Attached Image (click to enlarge)
Click to Enlarge Name: buy-gu.gif Size: 26 KB
Gold is Money but Money is not Gold
  • #42
  • Edited 9:14am Jul 6, 2009 9:11am | Edited 9:14am
Quoting liebesweet
Ok zamah , please keep on update and I love BB too... I wish , I can learn something about BB from you. How's about the rules?
The rule is very simple like I wrote on the first page.
1. Use TF H1, apply to chart:
2. BB Monthly (period 480 SD1 and one more SD2)
3. BB Weekly (period 120 SD1 and one more SD2)
4. BB Daily (period 24)

When we found one of BB FLAT, at that time check the price. Is price around upper or lower BB?

Chek my picture below. Monhtly BB (Yellow) is FLAT and price rebound from lower BB SD2. When MA 4 cross over MA 8, I go long! And lock the profit after you get around +20 pips!

That all...!
Attached Image (click to enlarge)
Click to Enlarge Name: buy-gu.gif Size: 26 KB
Gold is Money but Money is not Gold
  • #43
  • Jul 6, 2009 9:59am Jul 6, 2009 9:59am
Long EU... see the picture
Attached Image (click to enlarge)
Click to Enlarge Name: buy-eu.gif Size: 25 KB
Gold is Money but Money is not Gold
  • #44
  • Edited 10:51pm Jul 6, 2009 10:38pm | Edited 10:51pm
As we know the movement on forex market are only 3:

UP - DOWN - FLAT

All UP and DOWN are starting from FLAT and also
All UP and DOWN finish on the next FLAT

So FLAT is the starting point, that why we start from FLAT! Take a look at my chart below (GU). Now is FLAT after long bullish. Mean now is the starting point for the next trend --may be down may be up--

----------
Picture 1.
----------

So how do we know we want to go long or go short? Let we see the chart below: We found BB weekly is FLAT. I zoom more close, look the chart deeply!

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Picture 2.
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And below I include Monthly BB that also look FLAT! The last short may be a starting point of "a deep down trend"? Or the last long may be the starting point of "a strong up trend"? Who's know.. so just follow...!

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Picture 3.
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Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu-blank.gif Size: 21 KB
Click to Enlarge Name: gu-long-short.gif Size: 26 KB
Click to Enlarge Name: gu-long-short-monthly.gif Size: 27 KB
Gold is Money but Money is not Gold
  • #45
  • Jul 6, 2009 11:38pm Jul 6, 2009 11:38pm
How to decided the condition not FLAT anymore...because BB Monthly need hundreds pip to see as not FLAT. This way give us good RR ratio but the breakout/change of market condition is often late detected by BB.
What do ya think?
How's the rule about SL?
  • #46
  • Edited 2:32am Jul 7, 2009 2:29am | Edited 2:32am
Quoting liebesweet
How to decided the condition not FLAT anymore...because BB Monthly need hundreds pip to see as not FLAT. This way give us good RR ratio but the breakout/change of market condition is often late detected by BB.
What do ya think?
How's the rule about SL?
FLAT or not FLAT actually easy to see by visual. If not sure just follow the indicator if the color is RED or BLUE mean is not FLAT.

We don't detect the market change with BB. After we found the BB is FLAT (any one, monthly, weekly or daily) we monitor the price position. Is the price around lower or upper BB?

If yes, is there any indication that the price is rebound from that lower or upper BB? To indicate this rebound we can use MA 4 cross MA 8. (or athers)

If the price rebound from upper BB may be she want to continue to the center BB or may be continue to lower BB and then maybe...... continue making a down trend, we don't know!

Example: GU now conditon.
No.1 Short position SL we can put around 20-30 pips above that band. Here price rebound from SD2 BB monthly.

No.2 Short position SL we can put around 20-30 pips above that band. Here price rebound from SD1 BB monthly.

No.3 Long position SL we can put around 20-30 pips below that band. Here price rebound from SD1 BB monthly.

Do not concern my short in this picture, this is for the the next step...
Attached Image (click to enlarge)
Click to Enlarge Name: gu-01.gif Size: 22 KB
Gold is Money but Money is not Gold
  • #47
  • Jul 7, 2009 4:20am Jul 7, 2009 4:20am
Monitoring GU. Looking for "LONG" opportunity! Now we are in lower BB monthly SD2!
Attached Image (click to enlarge)
Click to Enlarge Name: gu-02.gif Size: 18 KB
Gold is Money but Money is not Gold
  • #48
  • Jul 7, 2009 10:57am Jul 7, 2009 10:57am
Hi, Zamah. Your system look good. You are using BB, one of my favorite indicator. I also saw at your first post , you're using MACD, too. I have question :
1. How do we know when price is rebound or just retrace at lower/upper BB?
2. How to using MACD with BB? I mean the rule.
3. Can it works in small time frame, if yes, parameter of BB and MACD?
  • #49
  • Jul 7, 2009 12:22pm Jul 7, 2009 12:22pm
Give please normal tample for H4, H1 and m15
  • #50
  • Jul 8, 2009 1:21am Jul 8, 2009 1:21am
Hi Zamah

Apa khabar?

I am excited about your flat bb trading method. In fact I have been searching for a suitable trading method using BB. I like BB a lot due to its "bends" giving good signals but somehow there are not many traders using BB trading.

I like trading on Daily (prefer) and 4H due to my full time job and commitment with family after work. The intraday trading is seemed not suitable to me.

I already downloaded all your indicators given. Many thanks.

Can you pls. advise/guide me what are the indicators should I use to include in Daily (prefer) or 4H platforms? The reason is I prefer to have as fewer indicator as possible.

Or what are the indicators should I use to trade on Daily (prefer) or 4H?

By the way you can email me at [email protected] and I do not mind to read Bahasa Indonesia as I am from Malaysia.

Thank you for your time.

Warmest Regards
fxpip8
  • #51
  • Jul 8, 2009 5:58am Jul 8, 2009 5:58am
Quoting vicenzo
Hi, Zamah. Your system look good. You are using BB, one of my favorite indicator. I also saw at your first post , you're using MACD, too. I have question :
1. How do we know when price is rebound or just retrace at lower/upper BB?
2. How to using MACD with BB? I mean the rule.
3. Can it works in small time frame, if yes, parameter of BB and MACD?
Actually in this thread I never use MACD. But anyway may be you familiar with MACD so I make 0ne picture special for you

See the pictur below, I just go long at EU.
Now condition BB Monthly is FLAT and price rebound from SD1 of that BB monthly. Magenta circle is SD1 of BB Monthly. Blue circle is my entry point.

Normally I use MA 4 and MA 8 cross to take action. In this picture below I include MACD with the same setting mean parameter is 4,8 and 1 (Fast EMA=4, SLOW EMA=8 and MACD SMA=1)
Attached Image (click to enlarge)
Click to Enlarge Name: eur-macd.gif Size: 21 KB
Gold is Money but Money is not Gold
  • #52
  • Jul 8, 2009 6:03am Jul 8, 2009 6:03am
Quoting Karl Marx
Give please normal tample for H4, H1 and m15
We have the template in the link below, if you feel not sweet you can delete the unnecessary indicator according to you anda save the your one!

http://www.forexfactory.com/forumdisplay.php?f=71#
Gold is Money but Money is not Gold
  • #53
  • Edited 7:25am Jul 8, 2009 7:22am | Edited 7:25am
Quoting fxpip8
Hi Zamah

Apa khabar?

I am excited about your flat bb trading method. In fact I have been searching for a suitable trading method using BB. I like BB a lot due to its "bends" giving good signals but somehow there are not many traders using BB trading.

I like trading on Daily (prefer) and 4H due to my full time job and commitment with family after work. The intraday trading is seemed not suitable to me.

I already downloaded all your indicators given. Many thanks.

Can you pls. advise/guide me what are the indicators should I use to...
Hi fxpip8,

No indicator special for H4 or D1 for this method! The importand you understand the basic concept of this method... and.........

for entry you can use any indicator you want! Here we use MA 4 cross MA 8 ONLY after we HAVE THE VIEW on BB (Monhtly, weekly or daily)

For H1 we can use MA4 cross MA8 (may be for H4 and D1 also good)
For M15 we can use MA16 cross MA32

Remember:
ONLY after we HAVE THE VIEW on BB (Monhtly, weekly or daily)
Gold is Money but Money is not Gold
  • #54
  • Jul 8, 2009 9:00am Jul 8, 2009 9:00am
Check this real account (if still there) this is result of this method. Start from $500 and already witdraw $250 one time http://forexbender.mt4stats.com/
Gold is Money but Money is not Gold
  • #55
  • Jul 8, 2009 6:29pm Jul 8, 2009 6:29pm
Quoting zamah
Hi fxpip8,

No indicator special for H4 or D1 for this method! The importand you understand the basic concept of this method... and.........

for entry you can use any indicator you want! Here we use MA 4 cross MA 8 ONLY after we HAVE THE VIEW on BB (Monhtly, weekly or daily)

For H1 we can use MA4 cross MA8 (may be for H4 and D1 also good)
For M15 we can use MA16 cross MA32

Remember:
ONLY after we HAVE THE VIEW on BB (Monhtly, weekly or daily)
"Only after we have the view on BB", can you explain detail? If BB not at the same direction, which one should we follow, such as price between lower BB daily at down directon and upper BB weekly at up direction (I don't know if this example possible).

Thanks for sharing.
  • #56
  • Jul 9, 2009 3:12am Jul 9, 2009 3:12am
Quoting vicenzo
"Only after we have the view on BB", can you explain detail? If BB not at the same direction, which one should we follow, such as price between lower BB daily at down directon and upper BB weekly at up direction (I don't know if this example possible).

Thanks for sharing.
This method we call FLAT BB Method, so we follow the FLAT one. Your example may be possible but no one FLAT, one up and one down direction. Look the FLAT one!

TQ,
Gold is Money but Money is not Gold
  • #57
  • Jul 9, 2009 11:01am Jul 9, 2009 11:01am
Quoting zamah
This method we call FLAT BB Method, so we follow the FLAT one. Your example may be possible but no one FLAT, one up and one down direction. Look the FLAT one!

TQ,
Sorry, Zamah, maybe a little misunderstanding what I meant. I meant if price at lower BB daily flat (SD 1) down direction and upper BB weekly flat up direction (SD 1), which BB should we follow? Are there any priority for BB?

Suggestion, could you please posting more example or maybe live OP with analysis "Only after we have the view on BB".

Thank you.
  • #58
  • Jul 10, 2009 5:26am Jul 10, 2009 5:26am
Quoting vicenzo
Sorry, Zamah, maybe a little misunderstanding what I meant. I meant if price at lower BB daily flat (SD 1) down direction and upper BB weekly flat up direction (SD 1), which BB should we follow? Are there any priority for BB?

Suggestion, could you please posting more example or maybe live OP with analysis "Only after we have the view on BB".

Thank you.
May be easy to discuss if you have the sample of your case. My live OP below may be can make it clear for you. I give you two images, One is complete BB (daily(red), weekly sd1 sd2 sd3 (blue) and Monthly sd1 sd2 sd3(yellow))

And one more picture: After I see that price can not break the SD1 BB weekly I go short and I show you the picture with only BB weekly there.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: short-gu-complete.gif Size: 26 KB
Click to Enlarge Name: short-gu.gif Size: 23 KB
Gold is Money but Money is not Gold
  • #59
  • Jul 10, 2009 5:35am Jul 10, 2009 5:35am
Please see the above OP on M15. BB weekly blue, price rebound from it SD1. And BB daily is red and price now reach the center off BB weekly and lower band SD1 off BB Daily. Actually here is the target.

Now BB daily is FLAT and big possibility price will return to center of BB Daily. No problem you can hold this short or close now and look for new oportunity.

If you hold mean you hope the price will continue down to lower band SD1 of BB weekly!
Attached Image (click to enlarge)
Click to Enlarge Name: short gu on m15.gif Size: 21 KB
Gold is Money but Money is not Gold
  • #60
  • Jul 10, 2009 5:55am Jul 10, 2009 5:55am
Download my new tamplate below, make sure you download all BB FLAT deterctor on page 1.

! view D1 will show you 4 monthly BB (3 bands) and Yearly BB (3 bands)
! view H4 will show you weekly BB (blue) and Monthly (3 bands, yellow)
! view H1 will show you daily BB (red) weekly BB (Blue) and Monthly BB (Yellow)
! view M15 will show you 8 hour BB (white) daily BB (red) and weekly BB (blue)
! view M5 will show you 8 hour BB (white) daily BB (red) and weekly BB (blue)
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Attached File(s)
File Type: tpl ! view D1.tpl   4 KB | 706 downloads
File Type: tpl ! view H4.tpl   3 KB | 725 downloads
File Type: tpl ! view H1.tpl   4 KB | 776 downloads
File Type: tpl ! view M15.tpl   4 KB | 793 downloads
File Type: mq4 3 Bands.mq4   4 KB | 1,064 downloads
File Type: tpl ! view M5.tpl   3 KB | 747 downloads
Gold is Money but Money is not Gold
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