Attachments: Bollinger Band & Fractals Method

Bollinger Band & Fractals Method

#1
First Post: Jul 22, 2016 6:57am Jul 22, 2016 6:57am

5aztv88
| Membership Revoked | Joined Sep 2014 | 249 Posts

Hi

i decided to share my new system with you guys . it maybe need more development and i will be appreciate for any idea .

rules : Fractals need to appear outside of bollinger band . next candle is entry . sl as showed on photo , is on top of the candles or bottom of that .

it is only works on GBPCAD in best on H1 time frame .

i need an EA for this system to fine suitable tp .

Attached Image (click to enlarge)

Click to Enlarge

Name: HotForex MetaTrader.jpg
Size: 280 KB

#2
Jul 22, 2016 7:08am Jul 22, 2016 7:08am

mario777
| Joined Apr 2011 | Status: invisible | 963 Posts

i think fractals dont appear until the 3rd candle. so you can not enter on the 2nd candle.

#3
Jul 22, 2016 9:12am Jul 22, 2016 9:12am

5aztv88
| Membership Revoked | Joined Sep 2014 | 249 Posts

Quoting mario777

Disliked

i think fractals dont appear until the 3rd candle. so you can not enter on the 2nd candle.

Ignored

yes but third candle is entry point . it appear when 2nd candle closed .

#4
Jul 22, 2016 11:01am Jul 22, 2016 11:01am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,253 Posts

Quoting 5aztv88

Disliked

Hi i decided to share my new system with you guys . it maybe need more development and i will be appreciate for any idea . rules : Fractals need to appear outside of bollinger band . next candle is entry . sl as showed on photo , is on top of the candles or bottom of that . it is only works on GBPCAD in best on H1 time frame . i need an EA for this system to fine suitable tp . {image}

Ignored

Google keyword : "Tymen Bollinger Band Walk" it will bring you back to 2008.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#5
Jul 22, 2016 5:37pm Jul 22, 2016 5:37pm

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,253 Posts

Quoting 5aztv88

Disliked

Hi i decided to share my new system with you guys . it maybe need more development and i will be appreciate for any idea . rules : Fractals need to appear outside of bollinger band . next candle is entry . sl as showed on photo , is on top of the candles or bottom of that . it is only works on GBPCAD in best on H1 time frame . i need an EA for this system to fine suitable tp . {image}

Ignored

this one may better fit your new system.

http://www.forexstrategiesresources.com/bollinger-bands-forex-strategies/6-bollinger-bands-reversal/

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#6
Edited 6:56pm Jul 22, 2016 6:08pm | Edited 6:56pm

heispark
Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,113 Posts

Is this 20 period? Why don't you try 50 instead?

Attached Image (click to enlarge)

Click to Enlarge

Name: 2016-07-23_10-11-39.png
Size: 62 KB

Personally, I don't like BB bounce strategy. Instead, I more like BB expansion instead. Among the hundreds of Youtube videos, the only one I found useful is the following one: (only see BB related part, from 6:00 min. The key is to use narrower period.)
https://youtu.be/ELmx9MsKQsI

Simplicity is the ultimate sophistication - Leonardo da Vinci