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

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Bollinger Band stop reverse 1min

  • #121
  • Edited 6:05pm Nov 10, 2011 5:54pm | Edited 6:05pm
Just thought I'd throw my comments in for the fun of it - I have kept the 15 period length, but increased standard deviations to 2 and put a 55 EMA on the 1 minute chart, taking the BB trades only in the direction of the EMA. The increased devations reduces the number of whipsaws from what I have experienced as well as using the 55 EMA as another guide towards getting whipsawed.

Of course, these only really help if you are trading in a period of high activity, i.e. London, first part of NY. I seem to have some success with Asia and Sydney but generally trade with a 5 pip target and say thank you.

Can anybody tell me how to convert the colored SMA from this thread into a colored EMA? EDIT AGAIN: Nevermind, just change the type from 0 to 1.

EDIT: forgot to mention money management - typically I will always close if a trade is at 30 pips profit or at least put a stop right at the bottom/top of the last candle there. I start with a stop of 10, move to BE after 10-12, after 20 pips, I move the stop to the last candle. Money management is hard to describe, those are just general guidelines, as it really has to be sort of a feel when in the trade. Sure I panic plenty and cut my trades short for 3 to 4 pips when they go on to 20+, but that saves me plenty of times as well.
Small disciplines repeated with consistency lead to great achievements.
  • #122
  • Nov 15, 2011 4:52pm Nov 15, 2011 4:52pm
Quoting jamesr24
To answer your questions you have to remember a couple things. First we are scalping so in and out tight spreads low commissions is the Grail for us. Most all other pairs other than the EU has higher spreads and commissions, which makes it tougher. But certainly this can work on a pair that has strong price surges like the GY. Though you are fighting spread usually 3-5 on the Gippy. Second I feel it is imperative to know the pair you are trading like you know your own****(hand)!! Know what it does, how it reacts, how it moves. With some study you...
Hey James, if you are still around, do you consider a Tap off the gann outside the 16 pip envelope a legit entry to hook onto an existing move?

Thanks to you and all for great systems

Shake
Attached Image (click to enlarge)
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  • #123
  • Nov 15, 2011 5:55pm Nov 15, 2011 5:55pm
I cannot comment on gann on a 5min chart because i do not use on that TF. But it looks like a legit opportunity to enter into the direction of the trend....James

Quoting Beshakey
Hey James, if you are still around, do you consider a Tap off the gann outside the 16 pip envelope a legit entry to hook onto an existing move?

Thanks to you and all for great systems

Shake
Enter Signature
  • #124
  • Dec 5, 2011 2:05am Dec 5, 2011 2:05am
Lots happening since couple of weeks...
Steve Hopwood has put together the ea, which still needs a bit more tweaking.
Studying trades based on historical data and trading this manually on demo is giving some great results on the 1 min.

Strategy has morphed but is till extremely simple...
up dated strategy and files are on the 1st page.
Attached Image (click to enlarge)
Click to Enlarge Name: demo.gif Size: 64 KB
Attached File(s)
File Type: zip bbstop.zip   57 KB | 576 downloads
  • #125
  • Dec 5, 2011 2:15am Dec 5, 2011 2:15am
@Jamesr24

Hello, James is it possible to contact me ? I can't send mails yet on this forum; please leave your mail or something else.

Thx
  • #126
  • Dec 5, 2011 5:12am Dec 5, 2011 5:12am
nice trade Europe session..
Attached Image (click to enlarge)
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  • #127
  • Dec 5, 2011 5:24am Dec 5, 2011 5:24am
long was closed. short opened..
Attached Image (click to enlarge)
Click to Enlarge Name: demo5.gif Size: 48 KB
  • #128
  • Edited 9:32am Dec 6, 2011 9:13am | Edited 9:32am
fast bb 45, 0.45
slow bb 350, 2.5
close on fast bb
no other settings, no stop, no be, no tp.... etc.
trading hours Frankfurt open to London close
EURUSD 1 min
8/1/11 to 12/6/11

modification to the bot, now option to close on cross of fast bbstop...
(I know the mt4 tester is dumb... but it can give a rough idea).....
Attached Image (click to enlarge)
Click to Enlarge Name: bb12-6a.gif Size: 11 KB
Attached File(s)
File Type: mq4 jiva's BB Stop auto-trader - FastTrendMod.mq4   95 KB | 669 downloads
  • #129
  • Dec 6, 2011 10:13am Dec 6, 2011 10:13am
Jiva.

What happens if I would put a manual lot in while the EA is running?

So far had 8 winners in a row letting it run all by itself on ONLY EU.

OOTB, of course.
  • #130
  • Dec 6, 2011 11:51am Dec 6, 2011 11:51am
Quoting Freddyfx
Jiva.

What happens if I would put a manual lot in while the EA is running?

So far had 8 winners in a row letting it run all by itself on ONLY EU.

OOTB, of course.
good question I would guess the bot wouldn't be interested in it. Magic numbers identify specific trades. But can't say for sure. Have a demo? try it out and let us know..
  • #131
  • Dec 6, 2011 12:13pm Dec 6, 2011 12:13pm
Just entered a short and the EA took it out on itself in profit.

I think there are many options and in the past I NEVER could get any functioning correctly, so hesitant to mess with any settings.

I can trade manually fine, but an EA definitely makes life a bit easier.
  • #132
  • Dec 6, 2011 1:45pm Dec 6, 2011 1:45pm
Quoting Freddyfx
Just entered a short and the EA took it out on itself in profit.

I think there are many options and in the past I NEVER could get any functioning correctly, so hesitant to mess with any settings.

I can trade manually fine, but an EA definitely makes life a bit easier.
All I need is one that works!!!!!!!!!!
  • #133
  • Dec 6, 2011 2:59pm Dec 6, 2011 2:59pm
Quoting jiva34
fast bb 45, 0.45
slow bb 350, 2.5
close on fast bb
no other settings, no stop, no be, no tp.... etc.
trading hours Frankfurt open to London close
EURUSD 1 min
8/1/11 to 12/6/11

modification to the bot, now option to close on cross of fast bbstop...
(I know the mt4 tester is dumb... but it can give a rough idea).....
Hi Jiva
Thanks for Your interesting thread and EA, it seems to be very promising. Can You post a setfile from Your settings on Your last EA? Just to be sure I use the same setting as You when I backtest.
Best wishes
Elovv
  • #134
  • Dec 6, 2011 3:14pm Dec 6, 2011 3:14pm
Quoting Elovv
Hi Jiva
Thanks for Your interesting thread and EA, it seems to be very promising. Can You post a setfile from Your settings on Your last EA? Just to be sure I use the same setting as You when I backtest.
Best wishes
Elovv
Thre really isn't any reliable set file yet. Am testing lots of different settings. It is an interesting ea. So far I am just running tests on the 1 min.
Here is one that I have been looking at:
EURUSD 1 min
Attached Image (click to enlarge)
Click to Enlarge Name: bb12-6b.gif Size: 12 KB
Attached File(s)
File Type: zip bb12-6b.zip   2 KB | 444 downloads
  • #135
  • Dec 7, 2011 6:40am Dec 7, 2011 6:40am
silly me. decided to change settings for ea in the middle of a trade. Make a note: don't do that!
Would have been a super trade. Ended up with 5 pips....

looks like setting up for a long....

set file in zip, 1 min EU
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 57 KB
Attached File(s)
File Type: zip bb12-7d.zip   1 KB | 549 downloads
  • #136
  • Dec 7, 2011 7:58am Dec 7, 2011 7:58am
YES, go stand in the corner.
You should know and remember that when you run an EA.
  • #137
  • Dec 7, 2011 10:11pm Dec 7, 2011 10:11pm
Jiva.

How do you get the EA to make bigger profits, as it seems my settings let it TP rather fast while there are much bigger moves going on.
  • #138
  • Dec 7, 2011 11:55pm Dec 7, 2011 11:55pm
Quoting Freddyfx
Jiva.

How do you get the EA to make bigger profits, as it seems my settings let it TP rather fast while there are much bigger moves going on.
the question of the century..
  • #139
  • Dec 8, 2011 7:59am Dec 8, 2011 7:59am
No, you don't understand.
On a single entry, it seems your settings let it ride an entry longer.
  • #140
  • Dec 8, 2011 8:05am Dec 8, 2011 8:05am
Quoting Freddyfx
No, you don't understand.
On a single entry, it seems your settings let it ride an entry longer.
hmm. There me be bugs in the code.
I did seem to notice that sometimes the trailing stop getting hit what seemed prematurely. Is that what you mean?
To try to catch a big move means the setting have to be such that if there is a stop set it isn't too tight. Which of course means there may be bigger losses in flat markets. So it's a trade off.
To actually catch a big move don;t use any stops at all. Just let the trade close on a cross and close of the fast bbstop. But the bbstop would have to be in such a way as to capture the gains. I've been playing with the settings for a while now. Nothing I would put real money behind.
Feel free to fiddle....
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