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Bollinger Band Trading Bot With a Little Twist

Hi, I’m looking to develop a pinescript into a more robust EA for MQL5
It’s based on the Bollinger Bands, and will also incorporate volume factors and money management
In summary, the strategy will be:
//Long entry:
if close price crosses above Bollinger Basis Line & trading volume in current bar is higher than previous 3 bars
//Close Long entry:
when price crosses over upper BBband
//Short entry:
if close price crosses below Bollinger Basis Line & trading volume in current bar is higher than previous 3 bars
//Close Short entry:
//when price crosses below lower BBband Responded

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Mastering the art Bollinger band trading strategy

Mastering the art Bollinger band trading strategy The simple answer is no In order to maximize your profit potential The selection of the time frame plays a great role when it comes to the Bollinger band trading strategy You can’t make consistent profit by using the Bollinger band indicators in the lower time frame

Make sure you are using the daily time frame since it will give you much more accurate signals.

However, if you can master multiple time frame analysis , you can easily execute a trade in the 4-hour time frame As a fulltime trader make sure you have access to the best online trading account Many retail traders often tweak

Kate Bollinger shares ukulele version of “Talk About It”

4 Shares Kate Bollinger ‘s latest EP, I Don’t Wanna Lose , is out now Earlier this year, Charlottesville-based singer-songwriter Kate Bollinger amazed us with her 5-track EP I Don’t Wanna Lose , which notably features the dreamy songs “Untitled” and “ Je Rêverai à Toi “ Before being recorded with a full band, the closing track of the record,”Talk About It”, was first written on a ukulele, with assistance from producer John Trainum and Jake Vanaman on saxophone amongst others Bollinger has now unveiled this beautiful original version, which you can hear below

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My two BEST uses of Bollinger Bands

Like Bollinger bands consist of a moving average, an upper band and a lower band A total of 3 simple lines
If you are a technical trader but you haven’t tried using this indicator, you really need to dig in and check it out
Here I’d like to share my two best uses of Bollinger Bands

Bollinger bands are ranked among the most useful indicators in the arena of trading.

Consisting of a moving average and 2 bands above and below, take a look at the chart above
This indicator was created by John Bollinger back in the early 1980s and has taken the world by storm since

One of the most difficult challenges in trading, is managing volatility.

This is exactly what Bollinger bands can help us with, by providing one of the simplest ways to keep tabs on volatility

Giving us a pretty good idea of where we are in the markets and how we can trade.

There are many viable ways to use Bollinger bands to trade the markets, regardless of whether it’s ranging or trending
Bollinger bands are one of the most extensively explored indicators in the world of trading
So I doubt there’s a good way to use them which hasn’t already been discovered by some trader out there

But let me share with you a couple of my favourite ways to use the Bollinger Bands.

Amongst all the ways to use Bollinger Bands, I find these to be the most useful ways for me to process market information
Do note that these are NOT full strategies on their own
They must be augmented with additional factors and rules for entry and exits, before they can actually be a full trading system
Double Top/Bottom Reversal
I use this to identify potential market reversals

This is a contextual analysis so I’ll apply these to higher timeframes such as H4 or daily charts form my big picture before I dive in looking for my entries.

It’s good on more volatile markets like FX and indices We look for the end of a directional move to pierce through the Bollinger band

Then after price retraces and pauses, look for another push in the same direction where the highest/lowest point does not pierce through the Bollinger band.

Ideally this 2 nd push will exceed the first push as well, but if it doesn’t, it’s alright too
For example below,
Part 1: We see a directional movement upwards The end of the move pierces the upper Bollinger band
Part 2: Price pauses
Part 3: Price makes another push upwards This time the price movement does not pierce the Bollinger band

Part 4: When the low of the pause is broken, we look to get short on this market, and this is where your other shorter timeframe strategy’s entry and exit rules come into play.

Here are a few more examples on the EURUSD H4 chart:
For FX, I find that a 50 period Bollinger Bands with a deviation of 2 gives me better signals than the standard 20 period
Bollinger Squeeze
This is a crowd favourite, used to capture potentially large impulse moves
There are a few methods of trading this, so I’ll just be sharing the way which works best for me (Different from Collin’s way)
These are mostly used in the H4 or Daily charts
The concept is basically that volatility cycles between periods of low volatility and high volatility
This means a period unusually low volatility is regularly followed by a period of high volatility, which again is then followed by a period of low volatility
The Bollinger Squeeze aims to identify when the market is at a period of unusually low volatility, then we can get ready to take advantage of the coming period of high volatility
For the Bollinger Squeeze, I use the standard 20 period Bollinger Bands with a deviation of 2
Part 1: Identify that the bands are significantly closer than usual (the Squeeze) Usually price would have been trading in a fairly tight range as well
Part 2: Keep track of the highest and lowest price of the MOST RECENT past 20 periods
Part 3: If price breaks through this highest or lowest price of the past 20 periods, then you’re looking to trade in that direction You can then implement your entry and exit rules on the lower timeframes
Part 4: If during the current candle, price does NOT break the highest or lowest value in part 2, repeat step 3 until price finally breaks either the highest or lowest value which you are tracking
I’ve illustrated this with an example below
Note: Day 1 is the day after the squeeze has been formed Day 1: We have identified a squeeze

So we count back 20 candles (red box) and identify the highest and lowest prices of those 20 candles.

Day 2: Price did not break the highest or lowest values in Day 1, so now we recount the past 20 candles again (updated red box) and identify the highest and lowest prices
Day 3: Price finally breaks the lowest price of the most recent 20 candles We are now looking for Shorts

Bonus pro tip:
If it doesn’t work out the first time in the direction of the breakout, you can flip to trade in the opposite direction.

I hope you’ll enjoy these 2 ways to use Bollinger bands and may they bless your pockets with gold!

Bollinger Trender Trade Setup

This Strategy is a combination of the classic Bollinger Bands Breakout : While the Market keeps inside the Bollinger, nothing happens The bars can be outside of the bands, but the setup is looking for a bar closing outside, like on the trade shown by a blue Arrow : This setup is useful on volatile markets where after a breakout there is no pullback, but on usual price action, the market tends to have a minor breakout from the bollinger and then a pullback This is what we are looking for in the Bollinger Trender : the gold arrows show a long and a short trend The Long happened just after a small breakout above the upper bollinger band, not enough for a target on the classic breakout setup, but enough to get a winner on the pullback The short instead, happened after a successful breakout trade below the lower bolllinger band, and it also produced a winner Targets are smaller, of course, but also the risk The interesting feature of this setup is its simplicity, and so, the creation of a strategy using NinjaTrader Builder is easy, as also optimizing its settings, as shown on the following video : Please live your comments on YouTube and give me a like if you find it useful

And don’t forget to Subscribe my Channel Pablo Maglio.

// Bollinger Bands – Pastebin.com

////////////////////////////////////////////////////////////
// Bollinger Bands in log space
////////////////////////////////////////////////////////////
study(title=”Log Bollinger Bands”, shorttitle=”Log BB SMA“, overlay=true)
length = input(20, minval=1, title=”Length”)
mult = input(20, minval=0

001, maxval=50, title=”StdDev”)
offset = input(0, title=”Offset”)
src = log(input(close, type=source, title=”Source”))
basis = sma(src, length)
dev = mult * stdev(src, length)
upper = exp(basis + dev)
lower = exp(basis – dev)
plot(exp(basis), transp=0, color=maroon)
upper_band = plot(upper, transp=0, color=teal, offset=offset)
lower_band = plot(lower, transp=0, color=teal, offset=offset)
fill(upper_band, lower_band, color=teal).

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Video length: 12:10
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PAYGET ENGLISH REVIEW PAYGET HOW TO DEPOSIT ENGLISH TUTORIAL WITH LAUGH TV

252 views   0 likes   0 dislikes  

Channel: forex strategy factory  

download free forex ebook……………http://www.affiliatesuccess.live

see traffic generation opps………….http://360urlz.com/rotator/conebay/1

weekly forex video..https://conebayforexgym.blogspot.com/2019/08/how-to-trade-forex.html

live video making easy………….https://warriorplus.com/o2/a/kp5bh/0

for your email marketting…………https://mbsy.co/convertkit/conebay BEST FOREX COURSE http://bit.ly/31D9iWR

Video length: 12:10
Category: People & Blogs
0 comments

* This article was originally published here


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