Another Bollinger Band Strategy

• 09/01/2021 at 4:27 PM #176607
  deletedaccount051022

  Hello,

  As there seems to be a wave of Bollinger Band strategies I thought I would have a go.  And here it is.  It’s a disaster!  🙂

  This strategy will look for a candle that closes below the lower band, then will only buy if the following candle is an engulfing candle to the up side.  To filter out unwanted trades, the current close must be greater than the close of ~1 week prior, plus it uses a simple 2 x MA filter.  It currently has no stop loss, this is work in progress, so the max DD  is huge.

  I looks great on the Dashboard, but only because I have intentionally tested it over 100k candles.  It’s far less sexy if you go further back.  However, it has become a most useful exercise in what to look out for if you are considering buying a system, be sure to ask for a demo or a lot more info than what may initially be given.

  DJI

  15min

  Timezone:EU

  Anyway, it sparked initial interest and has been fun to create.  I hope to find a way to make it more robust, perhaps even on other markets, and will share here if I do.

  I hope you enjoy!

   

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  @AlgoHunter1

  

  deletedaccount051022

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  09/01/2021 at 4:37 PM #176612
  Nicolas

  Since it’s based on mean reversion with a candlestick confirmation, try with STD factor higher than 2.0. Reduce drawdown with averaging down?

  

  Nicolas

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  09/01/2021 at 5:07 PM #176616
  deletedaccount051022

  Thank you Sir!  Will try this and see if that improves things.  Much appreciated.

  

  deletedaccount051022

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  09/06/2021 at 9:18 PM #176904
  murre87

  Did u made any inprovemants samsampop

  

  murre87

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  01/17/2024 at 9:12 PM #226479
  Meta Signals Pro

  Hi @Nicolas,
  Can you precise what you mean

  Nicolas wrote:

  > try with STD factor higher than 2.0.

  > Reduce drawdown with averaging down?

  What piece of code do you have in mind?
  Thanks ^^

  

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  01/18/2024 at 8:42 AM #226491
  Nicolas

  Wider bollinger bands would trigger orders less often but also marked an extensive deviation from the mean and therefore a better chance of price revert to it.

  For the averaging down technique, this could improve the drawdown. Since this strategy has no stoploss, you might as well give it a try.

  

  Nicolas

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