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.
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Comments

Thank you for this strategy, looks very good.

Just of curiosity : why buy when breaks the upper band, shouldn't it buy when it breaks the lower one ? I'm trying to understand BB, your answer would be very appreciated
+5 Reply
interesno drutrading88
@drutrading88, i tested.. with "upper" it's better, than with lower :) i'm surprised :)
+2 Reply
oneman2amazing drutrading88
@drutrading88, The bands do no suggest buy or sell signals themselves and price can stay in the upper or lower for a while.
Reply
Anyone knows how to put a timeframe into this script? For example, back test from 01/01/2015 to current date.
I have tried a numberous of different addons but none of it worked.

Thanks in advance!!
+1 Reply
Just an idea like that, if the buy signal would happen when price breaks up the upper band AND when the BB width is at it's 6 months low, you would get a strategy that looks pretty much like the one described in the book Bollinger on Bollinger Bands. Actually I wish I could find such strategy.
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There is a huge difference between standard candles and heikin ashi candles. Is this normal? For example in Turkish stock market, THYAO (turkish airlines) at 1 day period, it gets %1465 profit in 15 years. and the same stock at same period with heikin ashi candles, it gets %38340 profit in 15 years.
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Hey Brother, i have a Question. WHere i can Put this Code for Work??? I´m learning about creat Code for Indicators. Thks
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Your code doesnt work?
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