Senthaamizh

Bollinger Band Breakout

It is a long only strategy.

1. Buy when price breaks out of the upper band.
2. Exit has two options. Option 1 allows you to exit using lower band. Option 2 allows you to exit using moving average.
3. Option 1 preferred over option 2 if the instrument is highly volatile.
4. Slippage and commissions are not considered in the return calculation.
Release Notes: Modified the position sizing. Now it is based on the available capital.

Open-source script

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