humpbee
3 posts
msg #106115
- Ignore humpbee |
5/5/2012 9:33:43 PM
Hey guys, here is an interesting strategy which looks to create some good trades.
I'm not smart enough to code it here; if anyone wants to take a shot it looks like it has some potential
Enter trades in non-trending markets: ADX <20
Long trade:
Gimmee bar = upbar that touches the lower bollinger band or, unbar that follows low bar that touches lower bollinger band
Enter long trade 1 tick above high of Gimmee bar
Short trade:
Reverse of above
Subjective:
Avoid entry if gimmee bar is:
> close to the moving average,
> excessively long compared to preceding price bars
> next bar is a gap open
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