BollingerWorm !!!
- Thread starter columbus
- Start date
Average day with couple full targets and couple of half targets.
1.Use standard Bollinger Bands ,that is,bb(s,20,2).
2.Use ema-2HIGH and ema2-LOW to outline the body of the worm.
3.If the body comes out of bands & re-enters ,then make an ENTRY.
4.The EXIT is, if body comes out the band,of the other colour.
5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1).
1.Use standard Bollinger Bands ,that is,bb(s,20,2).
2.Use ema-2HIGH and ema2-LOW to outline the body of the worm.
3.If the body comes out of bands & re-enters ,then make an ENTRY.
4.The EXIT is, if body comes out the band,of the other colour.
5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1).
1.Use standard Bollinger Bands ,that is,bb(s,20,2).
2.Use ema-2HIGH and ema2-LOW to outline the body of the worm.
3.If the body comes out of bands & re-enters ,then make an ENTRY.
4.The EXIT is, if body comes out the band,of the other colour.
5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1).
2.Use ema-2HIGH and ema2-LOW to outline the body of the worm.
3.If the body comes out of bands & re-enters ,then make an ENTRY.
4.The EXIT is, if body comes out the band,of the other colour.
5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1).
1.Use standard Bollinger Bands ,that is,bb(s,20,2).
2.Use ema-2HIGH and ema2-LOW to outline the body of the worm.
3.If the body comes out of bands & re-enters ,then make an ENTRY.
4.The EXIT is, if body comes out the band,of the other colour.
5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1).
I have deleted BB(20,1) since ATR < 80points and to maintain simplicity,
otherwise another sell at 1415hrs can be spotted.
2.Use ema-2HIGH and ema2-LOW to outline the body of the worm.
3.If the body comes out of bands & re-enters ,then make an ENTRY.
4.The EXIT is, if body comes out the band,of the other colour.
5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1).
I have deleted BB(20,1) since ATR < 80points and to maintain simplicity,
otherwise another sell at 1415hrs can be spotted.
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NIce work Columbus.
A few doubts.
1. the body = candles between ema -2 high and ema-2 low. Right ?
2..if yes , Entry as per the rules is made when the body comes out and re enters. NOW .. i have been seeing this since yesterday , u get a green candle which moves up to make the body go outside the upperBB , the next candle is a RED one which makes the body go back inside the BB .. and one would take a short entry on this ... only to find ...very slowly the Candle turning into a green one and then find that the entry was flawed.
3. So where's the mistake in entry / understanding .
Do clarify
A few doubts.
1. the body = candles between ema -2 high and ema-2 low. Right ?
2..if yes , Entry as per the rules is made when the body comes out and re enters. NOW .. i have been seeing this since yesterday , u get a green candle which moves up to make the body go outside the upperBB , the next candle is a RED one which makes the body go back inside the BB .. and one would take a short entry on this ... only to find ...very slowly the Candle turning into a green one and then find that the entry was flawed.
3. So where's the mistake in entry / understanding .
Do clarify
1.Use standard Bollinger Bands ,that is,bb(s,20,2).
2.Use ema-2HIGH and ema2-LOW to outline the body of the worm.
3.If the body comes out of bands & re-enters ,then make an ENTRY.
4.The EXIT is, if body comes out the band,of the other colour.
5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1).
I have deleted BB(20,1) since ATR < 80points and to maintain simplicity,
otherwise another sell at 1415hrs can be spotted.
2.Use ema-2HIGH and ema2-LOW to outline the body of the worm.
3.If the body comes out of bands & re-enters ,then make an ENTRY.
4.The EXIT is, if body comes out the band,of the other colour.
5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1).
I have deleted BB(20,1) since ATR < 80points and to maintain simplicity,
otherwise another sell at 1415hrs can be spotted.
NIce work Columbus.
A few doubts.
1. the body = candles between ema -2 high and ema-2 low. Right ?
2..if yes , Entry as per the rules is made when the body comes out and re enters. NOW .. i have been seeing this since yesterday , u get a green candle which moves up to make the body go outside the upperBB , the next candle is a RED one which makes the body go back inside the BB .. and one would take a short entry on this ... only to find ...very slowly the Candle turning into a green one and then find that the entry was flawed.
3. So where's the mistake in entry / understanding .
Do clarify
A few doubts.
1. the body = candles between ema -2 high and ema-2 low. Right ?
2..if yes , Entry as per the rules is made when the body comes out and re enters. NOW .. i have been seeing this since yesterday , u get a green candle which moves up to make the body go outside the upperBB , the next candle is a RED one which makes the body go back inside the BB .. and one would take a short entry on this ... only to find ...very slowly the Candle turning into a green one and then find that the entry was flawed.
3. So where's the mistake in entry / understanding .
Do clarify
Thank you.A software will succeed if it is thoroughly tested.
1.YES
3.The problem is with EMOTIONAL trades.That is why I recommend
BLANK candles (no colour) or No candles.
No candles -----> Choose BAR graph and BAR colour as Black.
2.It does happen sometimes.In the below example we made an EXIT
prematurely at "A".It went to "B" thereby losing 30 points.On a day like
this it is OK.Simply believe in your software.
Here you will find example of NO CANDLES.
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