BollingerWorm !!!

[columbus]

At present i am using 15,3,5 in daily chart

So which setting will give right signal @ right time in intraday chart? 3,5,3 but as you told it gives signal too often?

So which setting will be best?

Hi t4j,

I prefer S(3,8,4) setting.What I said was, it may not best always.

 

[timepass]

Im ready to pay for afl coding, if anyone can do it? Contact me 09427783098

Thanks for the offer, but I'm not using amibroker and I wouldn't recognize an AFL even if I stumbled on one

 

[columbus]

1.Use standard Bollinger Bands ,that is, bb(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 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 guidance in normal case also.

6.If candles are sandwiched between OUTER of BB(20,1) and INNER band
BB(20,2) then ride the trend .

7.If either ema-2H or ema-2L is cut twice by either BB(20,2),BB(20,1) or
SMA-20 in quick succession ,it indicates a END of a trend.

8.Continuation is indicated if both ema-2H and ema-2L are cut by SMA-20
and/or BB(20,1) and/or BB(20,2).

 

[trade4joisar]

So in today's case which indicator played major role halt bulls @ many places?
I mean with your rules.

This will help me (or may be others) to do a perfect trade without extra indicator.

This questions comes only because now a days i am doing trades very carefully.

Hope you don't mind.

 

[timepass]

I hit a stoploss (marked by yellow arrow) and lost the will for rest of the day, couldn't judge the trend.

This intraday thing is too damned tough, I think I'll stick to 315 and USDINR. Safer bets.

 

[trade4joisar]

I hit a stoploss (marked by yellow arrow) and lost the will for rest of the day, couldn't judge the trend.

This intraday thing is too damned tough, I think I'll stick to 315 and USDINR. Safer bets.

Not able to see image.

 

[timepass]

Here again.. took a trade at the green arrow, hit SL at yellow arrow.

 

[columbus]

So in today's case which indicator played major role halt bulls @ many places?
I mean with your rules.

This will help me (or may be others) to do a perfect trade without extra indicator.

This questions comes only because now a days i am doing trades very carefully.

Hope you don't mind.

Hi t4j,

1.We had very BAD IIP numbers.

2.SMA-20 is in Maroon through out almost.

3.Have a watch on difference in divisions on Y-axis ,17 points.

 

[trade4joisar]

Hi t4j,

3.Have a watch on difference in divisions on Y-axis ,17 points.

Sorry

 

[columbus]

1.Use standard Bollinger Bands ,that is, bb(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 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 guidance in normal case also.

6.If candles are sandwiched between OUTER of BB(20,1) and INNER band
BB(20,2) then ride the trend .

7.If either ema-2H or ema-2L is cut twice by either BB(20,2),BB(20,1) or
SMA-20 in quick succession ,it indicates a END of a trend.

8.Continuation is indicated if both ema-2H and ema-2L are cut by SMA-20
and/or BB(20,1) and/or BB(20,2).