***Originally this was a revert the mean strategy but it has morphed to a strategy that aims at capturing a trend.
The parameters are completely different than this 1st page describes.***
***Now it has morphed back to a revert to the mean strategy. Instead of on the 1 min. on the Day.
After looking a little more closely at the 1 min, there were a lot more false signals than I thought. And it does not work at all for anyother pair than EURUSD and then only when trending. But on the Day candles it works remarkeably well on all the pairs.***
Will be trying to further refine use of Bollinger Bands.
As of now am using 600 bb on the 1 min.
Not so many signals, but when there is a signal it is good.
The 600 sma has a channel of 10 pips either side that acts as a tp.
When prices drop below the upper bb band target is upper channel of the 600 sma
And just the opposite for prices that close above the lower bb band
Positions are added if prices continue up after closing below upper band.
Opening with 1%
2nd position is 2%
3rd position is 3%
Making sure not to add positions if they are too close to each other
Idea is to minimize losses if trade goes against.
It is not a strict rule to take profit at channel. Anything that seems reasonable is fine.
Using a simulated trading ea.
Tendency is complicate things.
This is fairly simple. I need to keep it that way.
Wait for a big run so that the reversal to the mean is probable.
The parameters are completely different than this 1st page describes.***
***Now it has morphed back to a revert to the mean strategy. Instead of on the 1 min. on the Day.
After looking a little more closely at the 1 min, there were a lot more false signals than I thought. And it does not work at all for anyother pair than EURUSD and then only when trending. But on the Day candles it works remarkeably well on all the pairs.***
Will be trying to further refine use of Bollinger Bands.
As of now am using 600 bb on the 1 min.
Not so many signals, but when there is a signal it is good.
The 600 sma has a channel of 10 pips either side that acts as a tp.
When prices drop below the upper bb band target is upper channel of the 600 sma
And just the opposite for prices that close above the lower bb band
Positions are added if prices continue up after closing below upper band.
Opening with 1%
2nd position is 2%
3rd position is 3%
Making sure not to add positions if they are too close to each other
Idea is to minimize losses if trade goes against.
It is not a strict rule to take profit at channel. Anything that seems reasonable is fine.
Using a simulated trading ea.
Tendency is complicate things.
This is fairly simple. I need to keep it that way.
Wait for a big run so that the reversal to the mean is probable.
Attached File(s)
600.tpl
1 KB
|
243 downloads
Training2.mq4
15 KB
|
268 downloads