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PLZ CAN ANY ONE HELP ME IN THIS STRGTGES plz
TO code it .....
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Five-Minute Bollinger Band System
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on a chart of 5-minute bars for a forex, plot out the 10-bar moving average and the Bollinger bands for 2 standard deviations on either side of the average. then apply the following system:-
1.Buy when currency falls 3 percent or point Below its lower band. Hold until at least the
end of the 5-minute bar where the currency was bought
2. Sell when the currency hits a 1 percent or point profit target or at the end of the secound bar after the currency was bought
The Critical issue is how to keep track of all the currencies one is interested in. Before the start, use charting software such as eSignals or TradeStation, or Wealth-Lab(which is the software I use for all of my testing) To identify the Bollinger band levels for each currency . It is then possible with all of these packages to set up alerts and even interface with direct-access brokers, such as Interactive brokers or Cybertrader, to actually make the trades automatically.
The key in all of this idea is time. basically , the market has such an extreme and quick selloff in order to trigger this system that the currency either bounces back immediately or flounders about. If the latter, then we promptly get out since we are looking for profit target within the ten minutes following the entry bar.
gody6000 - Try this EA.
EDIT: It will not exit on the close of another bar because I have forgotten about it. try how it works without it for now and post your results.
gody6000 - Try this EA.
EDIT: It will not exit on the close of another bar because I have forgotten about it. try how it works without it for now and post your results.
Linear Mode
