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Bollinger barbeque

  • #61
  • Aug 12, 2009 9:13am Aug 12, 2009 9:13am
Quoting ssnakezor
bb's aren't good unless combined with something more
What do would you recommend with BB's ?
Thanks,
  • #62
  • Aug 13, 2009 3:16am Aug 13, 2009 3:16am
little disclaimer : i'm not a guru (nor will I ever be) but 7 months of experience should be good to share from time to time.

price action works very well, since bb will encompass price action

bb were designed to hunt breakouts and channels, not retracements or stops, no indicator shows you a red light, most of them show yellow lights in delicate situations and green lights when the price already moved.

Look at any chart and see how there are some cases where the price will hug the deviation lines and move along them, i wouldn't call shorts if the trend is bullish and consolidating

hope you found this info relevant
  • #63
  • Aug 14, 2009 2:19pm Aug 14, 2009 2:19pm
where was the 250 MVA in these trades? Hope Grillbit answers these too...

Quoting Dollar
Hi, I took two trades yesterday by using this BBs method and I lost them. I am sure there was a nice signal to buy EJ and GY, but in some way it hadn't work out so my SL's was hit. Any suggestions about those trades ?
Thanks,
  • #64
  • Aug 15, 2009 1:58am Aug 15, 2009 1:58am
Quoting Dollar
Hi, I took two trades yesterday by using this BBs method and I lost them. I am sure there was a nice signal to buy EJ and GY, but in some way it hadn't work out so my SL's was hit. Any suggestions about those trades ?
Thanks,
Watch the time of day for your trade. IMO trade when there is more volume like during London/us session.
  • #65
  • Aug 15, 2009 4:51am Aug 15, 2009 4:51am
Quoting Dollar
Hi, I took two trades yesterday by using this BBs method and I lost them. I am sure there was a nice signal to buy EJ and GY, but in some way it hadn't work out so my SL's was hit. Any suggestions about those trades ?
Thanks,

Hi Dollar, sorry about your losses. I hope it was a demo account?

I would not advice you to trade GBP/JPY with a SL at 60 pips. Sometimes GBP/JPY moves +200 pips in one hour.

Also opening two trades in two pairs highly correlated is not good, you double your risk.

You will not find any system that wins every trade, but the important thing is your Risk/Reward ratio and % profitable trades.
  • #66
  • Aug 22, 2009 3:18am Aug 22, 2009 3:18am
Some nice trades the last couple of days:

http://www.freeforexguides.com/images/gbpchf11.gif
  • #67
  • Aug 22, 2009 3:57am Aug 22, 2009 3:57am
Hi there grillbritt

Just checking in here after noticing your thread.

I like this, shows promise and looks like you've put a great deal of work into it.

I look forward to watching your progress in the coming months.

Kind Regards
Steve
  • #68
  • Aug 22, 2009 9:17am Aug 22, 2009 9:17am
Hi Steviet!

I hope you don't mind me using your nice trailing stop strategy you used a while ago?

Yes I have done some serious backtesting, and really like the result

I keep lurking in your thread daily and I wish you best luck with family and trading...
  • #69
  • Feb 18, 2010 4:48am Feb 18, 2010 4:48am
Quoting grillbritt
This is a method have been backtested and paper traded from January to June this year with a result of 3270 pips profit.

I got inspiration from two of my favorite traders from this forum, Kharvell and Steviet. Took their best parts and added my own style

It is adjusted to be traded at 1H time frame and GBP/CHF, but I'm sure it will work with many pairs with a little tweaking.

What do you need?

EMA 250
Bollinger bands period 20 and deviations 2.0
Bollinger bands period 20 and deviations 2.5

What is the EMA for?
That...


Dear Grillbritt,

I'm a newbie in this forex trading bussiness and I'm very interested in your Bollinger barbeque method.
But I have a problem in constructing the Bollinger bands with 2 different standart deviations on my trading platform.
For your information, I'm using a MT4 platform
I really appreciate if you can give me a step by step guidance to construct the Bollinger bands on my platform
Thank you very much for your help and patience
Looking forward to hearing from you soon

Best regards,
Veryspecial1
  • #70
  • Feb 18, 2010 6:12am Feb 18, 2010 6:12am
Quoting steviet
Hi there grillbritt

Just checking in here after noticing your thread.

I like this, shows promise and looks like you've put a great deal of work into it.

I look forward to watching your progress in the coming months.

Kind Regards
Steve

I am quite curious as to why there hasn't been any interest in this thread. It seemed to be just picking up steam and then nothing. Did someone get banned?
  • #71
  • Feb 18, 2010 2:45pm Feb 18, 2010 2:45pm
Thanks for the system.
A couple of questions.
Attached Image (click to enlarge)
Click to Enlarge Name: FireShot capture #005 - 'gbpchf_gif (Immagine GIF, 800x600 pixel)' - www_freeforexguides_com_ima.png Size: 43 KB
  • #72
  • Feb 27, 2010 5:24am Feb 27, 2010 5:24am
Quoting grillbritt
Some nice trades the last couple of days:

http://www.freeforexguides.com/images/gbpchf11.gif
Hi Grillbrit,
I'm still unable to construct the bollinger bands with the two different deviation on my MT4 platform. Could you please assist me ?
Thank you very much.

Best regards.
veryspecial1
  • #73
  • Mar 3, 2010 3:46pm Mar 3, 2010 3:46pm
Quoting veryspecial1
Hi Grillbrit,
I'm still unable to construct the bollinger bands with the two different deviation on my MT4 platform. Could you please assist me ?
Thank you very much.

Best regards.
veryspecial1

Hi veryspecial1, you have to double click on Bands indicator in Custom Indicators tree-view list, first time attach with default settings and second time change BandsDeviation value to 2.5
  • #74
  • Mar 4, 2010 5:43am Mar 4, 2010 5:43am
Quoting sashasan
Hi veryspecial1, you have to double click on Bands indicator in Custom Indicators tree-view list, first time attach with default settings and second time change BandsDeviation value to 2.5
Hallo sashasan,

Thank you very much for your help and kind attention.
Will try your advice.
HAPPY TRADING always

Best regards
veryspecial1
  • #75
  • Jul 18, 2010 9:33am Jul 18, 2010 9:33am
Hello grillbritt

I just found your thread with great interest.
Very good indeed.
I hope you can come back to further sharing your posts/charts/analysts.

I am keen in trading using BB.
I even bought the BB by Bollinger.
It is rather technical to understand due to my English.
I wish it could incorporate some good trading methods using BB.

Anyway, being a newbie, I am formulating my trading method lately after 2 years of "playing around."
I like BB very much.
Your thread does provide many extra pointers to me.

See the charts.
I am not so good to explain. I think you understand.
I have it with EMA 5 & 13 from Rob B and BB20(2 & 1) from Kathy L.
I hope FF traders can share their views and inputs to better my trading method.

Thanks
tpat
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  • #76
  • Sep 4, 2010 3:53am Sep 4, 2010 3:53am
Dear all,

I am trying to developpe my trading way and I am working on BB's these days. My approch was a bit different as I am looking to the BB's on different TF which helps me to enter trades with a better timing (not entering long on the bottom of 5min when on the top of 1min).

Oh yes, I forgot, I use it to scalp, but only the TF changes so I think I can share my ideas and progression here.

This might gives you ideas...

The Schnitzel Man
Together we will do it !!! If not, I'll do it alone ! ;-))

P.S. I trade EURUSD during US evening session, so quiet calm period. Less breakouts, and at least not to strong so I can use sharpe SL(5-10 pips on 1 min scalping). I also use BB on my broker's platform (10 sec chat).
  • #77
  • Last Post: Sep 4, 2010 4:05pm Sep 4, 2010 4:05pm
I don't know how actively this thread is still being followed, but here's an easy way of creating additional Bollinger levels on your MT4 charts.

Assuming the original bands are at 2 std deviations, and you want to add levels at +2.5 and -2.5 std deviations, then these are at +1.25 and -1.25 multiples of the original bands. Hence you go to the Levels tab and add levels at +1.25 and -1.25, as shown in the attached screenshot.
Attached Image (click to enlarge)
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