OPEN-SOURCE SCRIPT
Sloogals Bollinger Bands Strategy
📈 Sloogals Bollinger Bands Trading Strategy - Simple & Effective! 📉
🔹 Strategy Name: Bollinger Bands Strategy
🔹 Works On: Stocks, Forex, Crypto, and Indices
🔹 Best Timeframe: 5m, 15m, 1H, or 4H (adjustable)
🔹 Risk-Reward Ratio: 2:1 (Default)
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🚀 How It Works:
This strategy automatically trades using Bollinger Bands, a popular indicator for spotting price breakouts and reversals.
✅ Buys (Long Entry) when the price crosses above the Lower Bollinger Band (oversold condition).
✅ Sells (Short Entry) when the price crosses below the Upper Bollinger Band (overbought condition).
✅ Closes positions when the price returns to the Middle Bollinger Band (mean reversion).
It also includes stop loss and take profit to protect your capital and maximize profits!
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📊 Key Features:
✅ Automatic Trading & Paper Trading - Simulated trades in TradingView's Strategy Tester
✅ Adjustable Stop Loss & Take Profit - Default 1% SL, 2% TP for a 2:1 Risk-Reward
✅ Smart Alerts - Get notified via sound in the browser when a trade triggers
✅ Performance Dashboard - Track account balance, profit, and win rate in real time
✅ Dynamic Position Sizing - Trades a fixed % of your account equity
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📢 How to Use It:
1️⃣ Add the script to your TradingView chart
2️⃣ Go to “Strategy Tester” and check backtest results
3️⃣ Enable Paper Trading to test it in real-time
4️⃣ Set up Alerts for trade signals
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📌 Adjustments You Can Make:
🔹 Change Bollinger Band Settings (bbLength, bbStdDev)
🔹 Modify Stop Loss & Take Profit % to match your risk tolerance
🔹 Customize Alerts for SMS, email, or webhook notifications
🔹 Strategy Name: Bollinger Bands Strategy
🔹 Works On: Stocks, Forex, Crypto, and Indices
🔹 Best Timeframe: 5m, 15m, 1H, or 4H (adjustable)
🔹 Risk-Reward Ratio: 2:1 (Default)
--------------------------------------------------------------------
🚀 How It Works:
This strategy automatically trades using Bollinger Bands, a popular indicator for spotting price breakouts and reversals.
✅ Buys (Long Entry) when the price crosses above the Lower Bollinger Band (oversold condition).
✅ Sells (Short Entry) when the price crosses below the Upper Bollinger Band (overbought condition).
✅ Closes positions when the price returns to the Middle Bollinger Band (mean reversion).
It also includes stop loss and take profit to protect your capital and maximize profits!
-------------------------------------------------------------------
📊 Key Features:
✅ Automatic Trading & Paper Trading - Simulated trades in TradingView's Strategy Tester
✅ Adjustable Stop Loss & Take Profit - Default 1% SL, 2% TP for a 2:1 Risk-Reward
✅ Smart Alerts - Get notified via sound in the browser when a trade triggers
✅ Performance Dashboard - Track account balance, profit, and win rate in real time
✅ Dynamic Position Sizing - Trades a fixed % of your account equity
-------------------------------------------------------------------
📢 How to Use It:
1️⃣ Add the script to your TradingView chart
2️⃣ Go to “Strategy Tester” and check backtest results
3️⃣ Enable Paper Trading to test it in real-time
4️⃣ Set up Alerts for trade signals
--------------------------------------------------------------
📌 Adjustments You Can Make:
🔹 Change Bollinger Band Settings (bbLength, bbStdDev)
🔹 Modify Stop Loss & Take Profit % to match your risk tolerance
🔹 Customize Alerts for SMS, email, or webhook notifications
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
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