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Bollinger Blast Buy Unholy Grail

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This strategy copy the Nick Radge's trading ideas for a profitable systems. He mentions a Bollinger Band idea which is also published in his book Unholy Grails. Nick says:

he strategy that we did test and showed very promising results was an entry using a Bollinger band and an exit using the opposite Bollinger band, but we use 3 standard deviations for the entry and 1 standard deviation for the exit, just to keep the trailing stop a little bit tighter.”

Entry: Buy on the Open the day after a stock closes above the top Bollinger Band
Exit: Exit on the Open the day after a stock closes below the lower Bollinger Band

Results tested on Nasdaq market are very good and better than simply buy& hold

Penafian

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