Australian Bollinger Band 1-Hour Strategy

Australian Bollinger Band 1-Hour Strategy

Dec. 4, 2023

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G’day!

Over the weekend, I spoke at the Trade View Algo Conference in Melbourne and it was quite fun.

I had a great time.

Unfortunately, I also caught a reasonably bad cold right afterwards.

So, I’m under the weather down under.

We travel back to the States in a day or so. I would say the trip was easier than I expected but it’s obviously not easy.

In short, it will be a crazy week.

But I thought I’d briefly talk about some systems that are pretty similar to the ones I discussed on stage. I was very encouraged to see how many of the traders there were eager to learn and eager to take strategy ideas and make them better.

I’d love it if anyone wanted to do the same with the strategies I talk about this week.

First up, a simple Bollinger Band™ methodology.

Master Trend 1-Hour 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 100 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

Astute Newsletter readers will see that this strategy is similar to others we’ve talked about. Astute readers will also see that this is also different than any other we’ve talked about.

This is trend following in nature, so you better like that style of trading for it to work.

Here’s the Equity Curve via Portfolio Architect:

It’s hypothetically up around 300% since 2013 trading 1 lot each time on a sample $20k account.

That’s hypothetically better than the SPY over that same period, too.

Without any compounding.

We’ll look at another robot similar to the Conference robots in the next Newsletter.

Let me know if anyone has a cure for the kangaroo cold.

 

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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.