BOLLIGER BAND AND 2 RSI STRATEGY

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BOLLIGER BAND AND 2 RSI STRATEGY

Postby Apprentice » Wed Oct 12, 2011 7:56 am

BUYING CONDITION

RSI(PERIOD 14) CROSSOVER LL OF BOLLINGER BAND AND RSI (PERIOD 50) > 50

SELLING CONDITION

RSI(PERIOD 14) CROSS UNDER UL OF BOLLINGER BAND AND RSI (PERIOD 50) < 50


EXIT BUY CONDITIONS:
1.RSI[PERIOS14] CROSS UNDER UL OF BOLLINGERBAND [20,2]
{OR}
2.RSI [PERIOD50] CROSS UNER BUY LEVEL{50}

EXIT SELL CONDITIONS:
1. RSI[PERIOD 14] CROSSOVER LL OF BOLLINGERBAND [20,2]
{OR}
2 .RSI [PERIOD 50] CROSS OVER SELL LEVEL{50}

BOLLIGER BAND AND 2 RSI STRATEGY.lua
(17.61 KiB) Downloaded 1330 times


I would ask users, before sending the request to try to test your strategy.
To Avoid useless work, which takes time and money.

The Strategy was revised and updated on November 19, 2018.
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Apprentice
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Re: BOLLIGER BAND AND 2 RSI STRATEGY

Postby mosesnobleraj » Wed Oct 12, 2011 9:39 am

sir,
Thanks a lot for this great work and this strategy is useful strategy.
. i have attached back test with this.
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bb 2 rsi strategy.png
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Re: BOLLIGER BAND AND 2 RSI STRATEGY

Postby swingtrader » Tue Oct 25, 2011 1:43 am

For a best strategy it should contain 3 factors . one is trend direction identifying indicator . second is high low identifying indicator. third is trend strength identifying indicator. here in this strategy trend direction identifying indicator [rsi 50] is present. price high low identifying indicator [rsi 14 and bb] is present. but trend strength indicator is not present. ADX 14 is one of the trend strength identifying indicator. there fore if we add {adx 14> 30} to the buying condition and selling condition it will give good results.
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