Bollinger Band stop reverse 1min | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Bollinger Bands & SMA for the 1Min & 5Min Charts 29 replies

ema bollinger band alerts 1 reply

Bollinger band difference indicator... 2 replies

Bollinger band settings? 1 reply

Bollinger Band Width for Metatrader 4 replies

Attachments: Bollinger Band stop reverse 1min
Exit Attachments

Bollinger Band stop reverse 1min

  • #1
  • First Post: Edited Dec 6, 2011 9:18am Oct 24, 2011 12:17pm | Edited Dec 6, 2011 9:18am
Updated 12/5/11

If you enjoy trading the 1min chart you'll like this one.

Enter long at open 2nd candle after a close above slow bb stop
Enter short at open 2nd candle after a close below slow bb stop

Use opposite fast bb stop as stop.
Or trail as desired...

Slow bb stop setting (180,2)
Fast bb stop setting (90,2)

zip also has ea file for simulated trading
and ea file for managing trades using horizontal lines directly on the chart.
Enjoy...

(the second trade was opened while testing the line on chart ea, not really part of the bb strategy. The lines used by the ea turned gray)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: demo.gif Size: 64 KB
Click to Enlarge Name: demo2.gif Size: 49 KB
Attached File(s)
File Type: zip bbstop(1).zip   78 KB | 2,864 downloads | Uploaded Dec 6, 2011 9:18am
  • #2
  • Oct 25, 2011 1:26am Oct 25, 2011 1:26am
Hi , please do you confirm the settings ? Thanks

Lenght 15

Deviation 1.5

Money risk 2
  • #3
  • Oct 25, 2011 1:53am Oct 25, 2011 1:53am
Quoting gioviforex
Hi , please do you confirm the settings ? Thanks

Lenght 15

Deviation 1.5

Money risk 2
That's it.
  • #4
  • Oct 25, 2011 7:48am Oct 25, 2011 7:48am
This morning.
Attached Image (click to enlarge)
Click to Enlarge Name: history 10-24-11a.png Size: 117 KB
  • #5
  • Oct 25, 2011 10:11am Oct 25, 2011 10:11am
Nice one, Jiva.

Thank you for bringing it to the fore.

Khalid
  • #6
  • Oct 25, 2011 10:46am Oct 25, 2011 10:46am
thank you ,sir
i like trading with Bollinger Band and movings

goood idea !!
  • #7
  • Oct 25, 2011 12:19pm Oct 25, 2011 12:19pm
Quoting jiva34
If you enjoy scalping you'll like this one.
Have just started trading it.
Very promising.

Enter long at open 2nd candle after a close above bb stop
Enter short at open 2nd candle after a close below bb stop

Take profit 5 pips.
Use opposite bb stop as stop.

bb stop setting (15,1.5)

Enjoy...

Please explain the stop again. Is it a stop and reverse or hard stop with the BB?
Thanks
  • #8
  • Edited Oct 26, 2011 1:00am Oct 25, 2011 1:05pm | Edited Oct 26, 2011 1:00am
I don't trade mt4. I use mt4 for signals. I use Oanda, java based, very first class for scalping. Position sizing in fractional increments. Instantaneous trades. Small spreads.
But this is what trades looks like hand drawn on mt4.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 47 KB
  • #9
  • Edited 1:20pm Oct 25, 2011 1:08pm | Edited 1:20pm
Quoting aelimian
Please explain the stop again. Is it a stop and reverse or hard stop with the BB?
Thanks
It can be stop reverse. But doesn't have to be.
Testing has shown that setting a tgt is better.
5 pips is easily achieved. There can be more in the trade. 1 minutes moves so quickly if there is some momentum I will let it stay 5+.
But it is the 1 minute so we are looking for a fast 5 pips.
I am considering each trade separately.

Honor the stop...
  • #10
  • Oct 25, 2011 6:15pm Oct 25, 2011 6:15pm
Am a newbie and I have read about Bollinger Band, please how do I install urs on mt4. I already have one in my platform, how do I set it?.....Please, if neccessary give me both. Thanks
  • #11
  • Oct 25, 2011 6:43pm Oct 25, 2011 6:43pm
What currency pairs respond well with 5 pip take profit, 5 pip include spread or not?, which time of of the day to trade? can you post some more screen shots, hope you will reply all of my above concerns, tnx
  • #12
  • Oct 25, 2011 6:50pm Oct 25, 2011 6:50pm
Quoting jiva34
I don't trade mt4. I use mt4 for signals. I use Oanda, java based, very first class for scalping. Position sizing in fractional increments. Instantaneous trades. Small spreads.
But this is what a trade looks like hand drawn on mt4.
Ok... your pic shows an entry at the third candle above the BB indy, not the second as stated in your criteria from your first post.
  • #13
  • Oct 25, 2011 7:07pm Oct 25, 2011 7:07pm
Just a thought you might want to use a Gann hilo 5 lookback to get faster, better entries if you are going to scalp. BB can be your filter to hold you in trades longer.
Enter Signature
  • #14
  • Oct 25, 2011 10:55pm Oct 25, 2011 10:55pm
Quoting mueen2419
What currency pairs respond well with 5 pip take profit, 5 pip include spread or not?, which time of of the day to trade? can you post some more screen shots, hope you will reply all of my above concerns, tnx
>>>What currency pairs respond well with 5 pip take profit<<<
EURUSD, EURJPY.. small spread, active markets.

>>>5 pip include spread or not<<<
5+ profit figure.. (after spread)

>>>which time of of the day to trade<<<
Frankfurt open to London close

>>>can you post some more screen shots<<<
okay
  • #15
  • Oct 25, 2011 10:59pm Oct 25, 2011 10:59pm
Quoting jamesr24
Just a thought you might want to use a Gann hilo 5 lookback to get faster, better entries if you are going to scalp. BB can be your filter to hold you in trades longer.
can you post an indi for this, will take a look...
  • #16
  • Oct 25, 2011 11:05pm Oct 25, 2011 11:05pm
Quoting pipslearner1
Am a newbie and I have read about Bollinger Band, please how do I install urs on mt4. I already have one in my platform, how do I set it?.....Please, if neccessary give me both. Thanks
sent you an email .....
  • #17
  • Oct 26, 2011 1:01am Oct 26, 2011 1:01am
Quoting prof8t
Ok... your pic shows an entry at the third candle above the BB indy, not the second as stated in your criteria from your first post.
Thanks. The screenshot wasn't right. I changed it.
  • #18
  • Oct 26, 2011 4:18am Oct 26, 2011 4:18am
Hi Jiva

I was wondering if you could please answer a question which I believe / hope that you haven't answered already.

Do you tend to trade in one direction of the band eg. in the direction that the bands are pointing or are you taking every trade for a closed candle out side the band regardless of the circumstances.

Many thanks in advance.
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #19
  • Oct 26, 2011 4:40am Oct 26, 2011 4:40am
Quoting Ezzy
Hi Jiva

I was wondering if you could please answer a question which I believe / hope that you haven't answered already.

Do you tend to trade in one direction of the band eg. in the direction that the bands are pointing or are you taking every trade for a closed candle out side the band regardless of the circumstances.

Many thanks in advance.
Ezzy
Direction of the bands is not a consideration.
I do look at the market conditions in general.
If there is an obvious candle formation.
A breakout after a sideways market.
A retrace to the 200ema.
Time of day.
Data releases.

If there is doubt about it, I don't take it.
After all it is the 1min. If I miss a good trade it's no big deal. In a few minutes there will be another set up to consider.

Once in the trade, honor the stop...

screenshot shows :
1. obvious breakout
2. a retrace to the 200 ema.

Both would be good reasons to enter on the bbstop signal.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 49 KB
  • #20
  • Oct 26, 2011 4:42am Oct 26, 2011 4:42am
Quoting jiva34
Direction of the bands is not a consideration.
I do look at the market conditions in general.
If there is an obvious candle formation.
A breakout after a sideways market.
Time of day.
Data releases.

If there is a lot of doubt about it, I don't take it.

Once in the trade, honor the stop...
Thank you kindly Jiva.

As I understand it, stop would be the opposite band right?
What you do is a reflection of you....what I do is a reflection of me.
0 traders viewing now