BollingerWorm !!!

[columbus]

1.Use standard Bollinger Bands ,that is, bb(s,20,2).

2.Use ema2-HIGH and ema2-LOW to outline the body of the worm.

3.If the body comes out of bands & re-enters ,then make an ENTRY.

4.The EXIT is, if body comes out the band,of the other band and re-enters the body.

5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1) or just for guidence in normal case also.

 

[krish4166]

HI, Columbus,
1)do u enter on 5 min or 3 min
2)can u show us todays buy ans sell on 5min TF
3)entry price, exit price and also stoploos and what trgt u keep on ur entry

 

[columbus]

HI, Columbus,
1)do u enter on 5 min or 3 min
2)can u show us todays buy ans sell on 5min TF
3)entry price, exit price and also stoploos and what trgt u keep on ur entry

Hi Kris,

In the initial stages 3 min ,but after 1200 ,stick to 5 min.Anyway always
keep 3 min also in view or alter between 3min & 5min.

Our objective is always cross into other band for a minimum of 10 points.
We may go to other band or revesal takes place before that.

On EOD chart this may look simple because we always know the future
price action ,may not look easy on LIVE chart.

 

[krish4166]

HI COLUMBUS
1)today on 3min 10:57 candle above we have buy
2)12:03 pm we have sell
3)13:12 PM we have se3l
4)14:27 we have sell
5)14:53 we have
qstion is after buy or sell sgnal gven by 3min or 5min TF, the entry should be above the buy signal candle and sell signal below candle and we are expecting for 10 point and what will be our stoploss after entry and
I have given buy and sell sginls timing is it correct

 

[columbus]

HI COLUMBUS
1)today on 3min 10:57 candle above we have buy
2)12:03 pm we have sell
3)13:12 PM we have se3l
4)14:27 we have sell
5)14:53 we have
qstion is after buy or sell sgnal gven by 3min or 5min TF, the entry should be above the buy or sell candle and we are expecting for 10 point and what will be our stoploss after entry and
I have given buy and sell sginls timing is it correct

Hi Krish,

I think you missed some BUY signals.I will put 3 min chart to-night.
This 10-point rule is for 5 min TF ,because 3 min TF chart look narrower.

For example ,the SELL between 1220 on 5 min TF is not touching
the bands but will be on Bands on 3min TF.

 

[timepass]

Krish, the bollingerworm formula looks like the simplest trading strategy. On good days, it is so. But I guess we will also have to formulate / list the possible variations.

 

[krish4166]

timepass,
The possible variontions if put on some charts it improves my trading for profits

 

[columbus]

Hi Krish,

I think you missed some BUY signals.I will put 3 min chart to-night.
This 10-point rule is for 5 min TF ,because 3 min TF chart look narrower.

For example ,the SELL between 1220 on 5 min TF is not touching
the bands but will be on Bands on 3min TF.

Hi krish,

Here goes 3-min chart with BUYs and SELLs.

Buy.........Green
Sell..........Red

 

[columbus]

1.Use standard Bollinger Bands ,that is, bb(s,20,2).

2.Use ema2-HIGH and ema2-LOW to outline the body of the worm.

3.If the body comes out of bands & re-enters ,then make an ENTRY.

4.The EXIT is, if body comes out the band,of the other band and re-enters the body.

5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1) or just for guidence in normal case also.

 

[columbus]

1.Use standard Bollinger Bands ,that is, bb(s,20,2).

2.Use ema2-HIGH and ema2-LOW to outline the body of the worm.

3.If the body comes out of bands & re-enters ,then make an ENTRY.

4.The EXIT is, if body comes out the band,of the other band and re-enters the body.

5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1) or just for guidence in normal case also.