I think this EA / Idea has merit. I adopted it from John Bollinger's book "Bollinger on Bollinger Bands"
It goes a little something like this:
When the bandwidth of the bands passes the max bandwidth of the bands over the past 120 candles, open an order in the direction of the trend (%b is used to make that determination).
Exit when bandwidth starts to decrease.
SL is the PSAR.
Anyways, I ran this over last years EUR/USD data 5min for the full year. I see where it would be a killer system, and I also see where the rules fit, but I wish it wouldn't have taken the trade.
What I need is some help in trying to filter out more of the 'bad trades'. Anyone got an idea?
I'm posting the EA w/ supporting indicators and includes.
Thanks in advance.
It goes a little something like this:
When the bandwidth of the bands passes the max bandwidth of the bands over the past 120 candles, open an order in the direction of the trend (%b is used to make that determination).
Exit when bandwidth starts to decrease.
SL is the PSAR.
Anyways, I ran this over last years EUR/USD data 5min for the full year. I see where it would be a killer system, and I also see where the rules fit, but I wish it wouldn't have taken the trade.
What I need is some help in trying to filter out more of the 'bad trades'. Anyone got an idea?
I'm posting the EA w/ supporting indicators and includes.
Thanks in advance.
Attached File(s)
