I TESTED a "92% win rate" Bollinger Bands Trading Strategy with NO STOP LOSS - Scalping Strategy 😱
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- Опубліковано 24 вер 2021
- I TESTED a "92% win rate" Bollinger Bands Trading Strategy with NO STOP LOSS - Scalping Strategy
In today’s video, we go over a simple Bollinger bands trading strategy that one of our subscribers has sent us. If you would like to learn how to trade forex using the Bollinger bands trading strategy or you just want to know about its efficiency, then this video is for you.
We have previously made two videos where we trade forex using a Bollinger bands trading strategy, we have also tested a Bollinger bands trading strategy 100 times before. We have received many requests from our subscribers asking us to get their Bollinger bands trading strategy tested using an expert advisor. It’s probably the most effective way to test a trading strategy as all the trades are made automatically.
When we look at the Bollinger Bands trading strategy, it looks like a great indicator to trade Forex, the price seems to always respect the bands. So imagine if we sell when the price touches the upper band and exit when it touches the lower one. That sounds pretty obvious, right? How successful would be this strategy in your opinion? that’s what we will learn today!
A few weeks ago, we received a strategy from Asim Shaikh who’s one of our subscribers. He wanted us to backtest a simple Bollinger Bands trading strategy that has according to him a success rate of 90%. So far, he has been backtesting it manually using the replay mode and Excel spreadsheet.
Thanks, Asim for this strategy! let’s give it a try using an expert advisor this time.
The best thing about this Bollinger bands trading strategy that Asim sent us is its simplicity. it is only relying on the Bollinger Bands indicator that I am sure that you guys are familiar with.
It’s probably one of the most simple trading indicators that you can think of.
No worries. I will explain this strategy in detail and go through some examples from the chart, we will learn when to enter and exit the market. and once done, we will backtest the strategy together and see how profitable it is. So keep watching till the end!
This strategy relies entirely on the Bollinger Bands indicator which is a technical analysis tool defined by a set of trendlines plotted two standard deviations (positively and negatively) away from a simple moving average of a security's price, but which can be adjusted to user preferences. Bollinger Bands are a type of price envelope developed by John Bollinger, the price envelopes define upper and lower price range levels.
So before you consider using the Bollinger bands trading strategy, remember to backtest your setup multiples times as this technical indicator can be misleading and might lead you to enter low probability setups.
#Bollinger_Bands_Strategy #Tested
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This channel has been my saving grace for a while now, but i have tried several Bollinger band strategy with little to no success, i only happen to have a career now due to the PIP quotient formula from a few videos ago. looking it up was the best thing i ever did
What I would do:
Put a moving average of 200 periods, Above the ema, you only buy when it closed below the Bollinguer band, and below the ema 200, sales would only be made when it closed above the Bollinguer band. The trade would be closed when a candle closed above ema200
a greeting
Can you teach me this strategy? Actually i m new bie
@victor , Jackpot strategy i guess
That's a good way to look at it
Thank you so much. Adding this indicator has helped me see what's going on a lot better. As a beginner you can definitely make some extra cash by studying and using the Bollinger Bands, and 8/9 (whatever), 20, 50, 100 and 200 EMA. Go between Heiken Ashi and Regular candles also. I like the 5 minute time frame. Trade the Nasdaq 100, Dow 30. Might work for swing trading, but haven't tried it yet. Good luck.
One intruiging thing about quants is that they aren't actually purely systematic. They tend to control the information fed into their algorithms when events that it cant understand occur. For example, a quant trading the EUR/USD in 2014 would likely flip the strategy due to divergent interest rates. So, keep this in mind whilst backtesting. Computers really aren't all that smart yet.
Thanks a lot for this wonderful video.
This channel has been my saving grace for a while now, but i have tried several Bollinger band strategy with little to no success, i only happen to have a career now due to the PIP quotient formula from a few videos ago. looking it up was the best thing i ever did
Pease explain how you're profiting now bro. I am struggling as a newbie I'm forex.
just came over this channel. this is very interesting
so did the ea analyze trends and go mostly in the most prominent trend direction because if an asset is on a overall down trend and keeps shifting down or up on regular intervals. You may trigger a trade on lower bb, then instead of coming up and hitting the top band it just returns middle band before moving down another stage taking the top bb with it. In a single backtest within 5 minutes the price shifted down 3 stages, taking the top bb with it. By time it hit top bb it was at a loss.... But if its a bot and the profits a lot more than the loses it would work nicely so lomg as your also willing to lose say the grand you risked, should first run hit a few trends wrong and end up in a spiral before running out of capital. But the advice about ea's was pretty valuable for a lot of people who don't know about them.
READ my system there is only one way to trade the bands first use heiken ashi an not candles 2. use a longer time frame 3 use macd standard 12-26-9 now for longs wait for the macd cross an you get green historgram the price will now cross above the mid band wait for pulback an place a buy order on the midband an ride it to the top band, this system kicks ass
What TF would you recommend for xauusd and this strategy? Thank you for sharing your thoughts your strategy make sense.
Good video sir
God forbid, I know very well the risk of not setting a stop loss.
The major issue is repaining indicators.. it's easy to pick it right when it's prepainted..
entering late and addition of sl tp trailing sl and buy pending orders will do
Good video, what about using a 50% trailing stop for both directions maybe?
It's worths trying!
Without tuning up using additional indicators or changing its strategy, you can use Optimization test to determine average Stop Loss and Take Profit.
Yup, that ll be the first step
I think the mean reversal works in ranging markets, whereas a bottom band sell. or upper band buy can work well on their own in a trending market, but with limited consistency.
That's a good point!
Need to work together with:
1. Moving average 50 and 200, start position when price hits the average
2. RSI ( when the market is over bought/over sold)
3. And then finally this Bollinger, like the dude said
More indicator increase your persentage of success
Certainly, incorporating multiple indicators into your trading strategy can provide additional insights and potentially enhance your success rate. Combining the Moving Average (50 and 200) as entry points when the price hits the averages, RSI as an overbought/oversold signal, and Bollinger Bands for volatility analysis can offer a comprehensive approach. By considering multiple indicators, you can gain a more holistic view of the market, identify potential trade setups, and make more informed trading decisions.
This strategy works if market is sideways if you want to win in trending market buy when price touches middle Bollinger bands not the lower one price will bounce on middle Bollinger bands in strong uptrend or downtrend
You r great brother
Thanks
Make a separate video on One Best Strategy for Day Trading... 🙏
Thanks for the suggestion!
What are the top 5 strategies that have given the best results?
It's hard for us to answer this question. Price action and fundamental trading works for us.
60 to 30 pips and a tracking stop loss will make it run so good
That's a good way to look at it!
Been making consistent money with 20 SL and 40 TP pips, daily tf. Currency pairs only. People waiting for price to reach the bands for TP are crazy lol.
Hi,
Would you mind sharing with us how exactly you are building the EA so quickly and fast for any kind of strategy you need?
It will be very helpful and valuable as well
Sure, actually we don't build all of them. Sometimes our viewers email them to us via the strategy submission page on our website.
There are tools that help people creating them online but that comes with many limitations.
It's better to learn how to code, we have attached a Udemy course in the video description.
Simply add a supertrend filter and take signals only in the direction of the trend. The setting I use for supertrend is 14/5.0. I give enough room for the price to drop to the lower Bollinger band while still being in the macro trend.
Great suggestion! Adding a Supertrend filter with those settings can help align with the trend effectively.
How many days it will take to change the trend
Which timeframe is suitable
Hi, please tag top 3 tested strategies in upcoming video. I am new here and I just happened to came across ema-macd which is in top 3 I want to test other two as well.
Great suggestion!
BB is for ranging market. It sucks for trending market lol…
The solution? Just put ema 200 for trend filter. It will dramatically increase ur win rate
how about the z score
Can we use this strategy lower time frames 5 & 15 mins chart or 1h & 4hr charts
Great question... would like to know too
Yes, but the RRR should be low as you ll have more false signals to deal with, but it's worth testing!
There is a problem here: you use the 1D timeframe and it will take us a decade to order a few positions. The daily timeframe has very little noise, if you move down to 15m you will immediately see the difference.
True. I was thinking the same.
Using a 1D timeframe can result in slow order placement, while the daily timeframe has less noise. Moving down to 15m timeframe can show immediate differences and potentially improve order placement speed.
Try the mid(20ma) for the take profit...
This could be successful also on lower time frames
Sure! that's could work as well
Despite the economic crisis, this is a Still a good time to invest in Gold and Crypto
The rich spend less and invest more
Investing in these economic crisis will be one of the best thing to do
You're right I think Gold and Crypto are the best to invest right now☺️
Gold's are good but crypto is better
That won't bother you if you trade with a professional like Mrs Michelle lucy
Do you use 4 hourly or 1 hourly chart?
High TF could be used to locate any significant supply or demand zones
I have a different Bollinger band strategy. Which focus on trend continuation. When the price drops below or goes above 100Ema and touches Bollinger bands outside line, if touches the lower, then sell, if the upper - buy. RRR 1:1.5. Haven't got time to test it properly. But works great on 1H time frame and EUR/AUD pair. Could You test it, please?
I would like to see the results of this also. some huge trends can be caught using this method if a trailing stop loss is incorporated.
@@mainaccount8181 The Stop Loss goes about 5-10 pips above/below the mid line of BB and based on the SL Take Profit is calculated with 1.5 RRR. But this has to be backtested much more, haven't got the time to do this, that is why I don't have strict rules. But of all my backtesting took place on Eur/Aud.
Hope You (video makers) have time to test my strategy also. Thank You in advance.
I'll probably test it. I'm a newbie trader but a seasoned software engineer, and I'm looking for a solid strategy to develop. This Bollinger band method might be it
@@tstone9151 i have replied to You 2 times already, none of them have been posted. What a he**. I will click reply to see it is posts or not.
@@tstone9151 it seems that UA-cam doesnt want me to put my email address here. so it is deleting my comments.
if you really test this, could You please send me a message directly here in UA-cam with the results of this strategy, how profitable it turns out to be? And it it's profitable, would You be able to program a robot, that could trade on it's own using this strategy?
Has anyone run backtest on this?
Its only work on ranging market. It will keep going up even if it touch upper band if market in strong bullish. And it will keep going down in bearish market.
Totally, but imagine if we only risk 1% of our account?
Technically speaking, we could be safe!
Hey vinty..market is 70 percent ranging so u get good opportunity to make moolah..
.waht vinty...
SIR, Which support is more likely to hold-- A) one with fractal support Or B) one without fractal support?
Which support is more likely to hold A) fresh recent support--not tested before Or B) Support which has proved successful being tested many times before?
Which support is more likely to hold A) where price spent little time before being repelled away successfully Or where price spent a lot of time before moving away? Seek your wisdom on these life & death questions.
Good to see the reality
Try it on 1 min tf with heikin ashi chart and take profit on middle line or lower/upper bands. Go in when heikin ashi bar color changes. Set stop loss above/below previous high/low. RR should be at least 1:1
An EA is needed for this strategy
@@TradingStrategyTesting true
Thank you for this! I had put the heikin ashi candles on the back burner. I don't use an EA, but looking at the heikin ashi candles, along with the regular candles, definitely helps to see what is going on in the chart (Nasdaq 100, Dow 30). Also use several EMA's, support/resistance. This is a nice conservative strategy to make some profits each day. 5 minute time frame.
Use a 200 ema/wma filter and then check out win rate.
That's something to consider
I always using moving average I ever try Bollinger bands
True especially the 200 Moving Average, the golded one
Cant only depend on that real traders kno this
Sounds too good to b true cuz it is!!!! Stop being lazy study the market and inspire ya self to do it u got this
1:42 “billinger bands indicator”
چارتی که گذشته عمه منم قشنگ اموزش میده،،، هرموقع توی حساب لایو اینا درست بود حسابه....
Try to back test with 2:1 risk reward ratio as the Take Profit.
2:1? You will blow your acc! It needs to be 1:2 at least
You mean 1:2?
@@TradingStrategyTesting thats what I said. 1 risk: 2 reward
92 darsad win rate?
Need to be backtested
I THINK THAT 30 AND 15 WILL BE GREAT UT ON 1 HOUR
That might work as well
Can you please test Bollinger Band + ADX strategy.
Hi
I believe the overnight fee will be the biggest problem for the strategy
on Forex? :D:D
Yes, but it could be an advantage if you go for a pair with a positive swap
You can do it on the 5 minute. 2 deviation, 21 day moving average. Just watch and observe.
You have not show the worse cases like when the price hit lower BB and then won't hit high BB for days and in downtrend it could go minus 10%+ from lowbb to high..you neeed SL
valid point
Bands are always respected? Well, it is a lagging indicator after all
This is not how BB works
I'm from India and I used this strategy in Indian stock market with in bank nifty and time frame was 30min .
Hi there! Thanks for your comment. I'm glad to hear that you found the strategy interesting. May I ask if the strategy has been profitable for you so far? Also, do you have any twists or modifications to the strategy that aim to reduce false signals? I'm always interested in learning from other traders' experiences and insights. Thanks again for sharing!
You had me until you used the daily tf ..cmon ..ridiculous
It is a bad strategy...need a lot of improvement
Stratey optimization is always needed
"...With no stop loss", okey, say no more: DO NOT DO THIS. IT IS STUPID.
I think nice with not stoplose.... If blue close trade
Without live trading, all is useless
NO STOP WITH LEVEGARGE WILL RECK YOU
U cant use BB with candlesticks lol. Ur just gambling tht way
can't you maybe tell us....WHY?
thumbs down only for inserting cartoon and tv show characters into your video. i didn't come here to be entertained.
Bollinger bands revert to the mean. Omg, wtf. 🤣
This is all pretty clueless and pointless information.
Не всегда касание верхней или нижней полос означает разворот! Надо торговать только по скользящей средней!
Yeah I agree, I don't speak russian but according to Google Translate, this makes sense
Stop loss!!!
It's a must!