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Stay Close Countertrend System
July 18, 2023, 10:21 AM
Strategies
1 Comment
As every trader knows, the Bollinger Band is made up of an average plus/minus the standard deviation. This is a strong concept on which many variations can be made. This variation uses an exponential average based on the “High” plus one standard deviation based also on the “High” and an exponential average based on the “Low” minus one standard deviation also based on the “Low”.
In this variation, the trading system works better as a “Countertrend System” than as a “Trend Following System”. The two parameters, “PeriodHigh” and “PeriodLow”, can be optimized for use in certain stocks, indices, Forex, …
DefParam CumulateOrders=False
SCH=ExponentialAverage[PeriodHigh](High)+Std[PeriodHigh](High)
SCL=ExponentialAverage[PeriodLow](Low)-Std[PeriodLow](Low)
If High > SCH then
SellShort 1 contract at Market
EndIf
If Low < SCL then
Buy 1 contract at Market
EndIf
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Filename:
Stay-Close-Countertrend-System.itf
Downloads:
196
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Hello, very interesting. Do you have already some tested condiction including timeframe and asset that according to simulation is performing at best?