23 Jun Bollinger Bands™ Love Futures
Bollinger Bands™ Love Futures
June 23, 2023
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This week we’re acting like idiots.
Instead of trying to fail fast like the uber-successful do, we’re trying to succeed.
Crazy, I know.
In our last Newsletter, we used a timeless methodology (trend following) combined with a timeless indictor (Bollinger Bands™). It worked well on a 30M chart on the GBPJPY.
Would it work in Futures?
Let’s find out.
The 30M Dow Jones (YM.D) BB Long-Only Strategy
- Long Entry: Go Long on a close above the Upper Band (20 Length/Std Dev 2.2)
- Target: $900
- Stop: $800
That seems very similar to our GJPY strategy. Did it work?
Here’s the Curve from 2002-2023 trading 1 contract each time:
Well, that doesn’t fail fast.
Does that mean we failed?
Here’s the Report:
And, just for fun, what happens if we put the exact same system on an AAPL 30M chart trading $10k of stock each time?
That didn’t fail fast either.
This whole week has been a waste of time.
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.