In this thread I am going to test a strategy price action with Bollinger band. To know success rate of this strategy we test some
Script with this strategy.
1.maruti - weekly chart
When price hit lower band we have to look for price action in this chart bullish outside bar at lower band so we buy here.
Target is upper band. Stoploss is low of outside bar. We see the result in comming days
2.Mrf - weekly chart
Price hits lower band. Price action at lower band pin bar and inside bar at lower band so we buy here.
Target is upper band. Stoploss is low of green big bar.
3.Piramal enterprises lts-weekly chart
Price breached lower band. Pinbar at lower band. So we buy here. Target upper band.
Target is upper band. We see the result in comming days.
4.Grasim-Weekly chart
Price breached lower band. Inside bar at lower band so we buy here. Target upper band. Stoploss is low of big red bar.
5.Sbin - daily chart
Price hit upper band. Inside bar at upper band broken. So we sell here.
Target lower band. Stoploss high of big red bar.
By
DaVincy
Script with this strategy.
1.maruti - weekly chart
When price hit lower band we have to look for price action in this chart bullish outside bar at lower band so we buy here.
Target is upper band. Stoploss is low of outside bar. We see the result in comming days
2.Mrf - weekly chart
Price hits lower band. Price action at lower band pin bar and inside bar at lower band so we buy here.
Target is upper band. Stoploss is low of green big bar.
3.Piramal enterprises lts-weekly chart
Price breached lower band. Pinbar at lower band. So we buy here. Target upper band.
Target is upper band. We see the result in comming days.
4.Grasim-Weekly chart
Price breached lower band. Inside bar at lower band so we buy here. Target upper band. Stoploss is low of big red bar.
5.Sbin - daily chart
Price hit upper band. Inside bar at upper band broken. So we sell here.
Target lower band. Stoploss high of big red bar.
By
DaVincy
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