06 Dec Australian Bollinger Band 1-Hour Strategy
Aussie Bollinger Band 30-Minute Strategy
Dec. 6, 2023
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G’day again!
As you’re reading this, I’m probably somewhere over the Pacific Ocean in a different day.
Time traveling is confusing.
But this week we promised to talk about some robots similar to what I presented and this is the 2nd one.
Master Trend 30-Minute GJPY BB Strategy (Dec. 2023)
Long Entry: A close above the Upper Band (this was a unique idea to traders at the Conference). Do the opposite for Shorts. Bollinger Band length is 80 and std dev is 3/-3.
Target: 350 pips
Stop: 200 pips
Time Exit: 450 bars (Long), 430 (Short)
Trading Window: Between 9-11 am Eastern
On stage I said I prefer bigger timeframes like 1-hour and up for trend following strategies because the signals are better.
And then the 30-M chart makes me think twice.
Here’s the Equity Curve via Portfolio Architect:
Granted, it does do some losing. It hesitates right at first in 2013. But it has excellent winning streaks and hypothetically makes almost 300% also.
What’s interesting to me is that I didn’t change anything this time except the length of the Band. Normally, settings have to be changed substantially to follow the trend on a lower timeframe.
But this one did just fine.
We’ll look at one more thing I found fascinating at the Conference in our next Newsletter.
Talk to you soon.
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Disclaimer:
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these sites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, the publisher, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.