This strategy buys when price crosses above an upper Bollinger Band and sells when the lower band is breached. What makes this strategy different than others:
Long only with filtering for only showing strong tickers
Filter out trades below a moving average on both the current timeframe and a longer period timeframe to keep you out of bear markets
Optional ability to set a tighter initial stop level to increase exposure and decrease downside risk on freshly opened trades while you wait for the lower Bollinger Band trailing stop to catch up
Take entries/exits on wicks/stops or wait for candle closes before entry
Select which dates to backtest
Customize Bollinger Band parameters including the ability to have different values for the upper and lower band standard deviation
Wow! A very interesting approach. TY for the work you've put in. Will dig in to check this indicator. Q:With the back test. once you set up the initial capital, what determent the size of each trade? can it be configured ?
millerrh
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@Ai_or_Wiz, By default this uses 100% of capital per trade, but you can change that in the properties tab to whatever you like.