I was WRONG about the Bollinger Bands Indicator (+Moving Average) - Trading Strategy Explained

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Learn about the benefits of automated trading. After programming trading strategies for a while I started teaching how to program expert advisors for the MT4 (MetaTrader 4) and MT5 (MetaTrader 5). Until now I only did videos in German but now I will start this channel with English videos to reach a larger audience of traders and help them improve their trading. There will be no fake trading on this channel and no lies. I show trading as it is - the good and the bad sides. Stay tuned and subscribe because you don't want to miss ;)

Trading in derivative products such as futures, options, CFDs, Forex and certificates involves a considerable risk. These products are not suitable for every investor. Investors could potentially lose all or more of the original investment. If anything, only money that equals personal risk capital and can be lost without jeopardizing financial security or lifestyle should be used. Partially or fully automated trading programs can only be used to support the trader. Past performance is not an indication of future results.

[JoeTushy]

Bollinger bands are great! I use them in my manual trading in a mean reversion strategy. They work very well when the bands are relatively flat, because this usually indicates that the market is ranging. Then you can trade both the buy and the sell when the price hits the bottom/top band.

[ViperSnipershot]

If you can do this, it will be a big help. Can you teach us (up/down trend), (patternless ❌️single candlestick types ✅️), (how to draw a horizontal line above and below a candle?

[MrHumbleOne]

Thank you for sharing your content. I appreciate the effort in demonstrating a backtest on a single symbol with a basic strategy. However, I'd like to suggest a few considerations for a more comprehensive view. In real-world trading, factors like commissions and slippage significantly impact results, and these might not be fully accounted for in the current model. Additionally, diversifying strategies across multiple symbols could be beneficial for risk management, especially for larger accounts. While the content is great for beginners, incorporating these aspects could enhance its value for more advanced trading scenarios. Looking forward to seeing new advances in your work to keep up with the trend.

[aiouyn]

Very interesting to see that sometimes simple work best, thank you rené!

[randygoad]

I would like to see a fib in conjunction with fractals.

Fib between a high and low fractals.

[r.scalfaro]

awesome rene😊, i hope you put martingale for this EA..

[tarisaichingwere]

Interesting, I'm currently working on a strategy very similar to this. I can't wait to see improvements you will make, so I can use on mine. I think trailing stop can improve this kind of strategy. Thanks like always.

[keineahnung]

Kannst du vielleicht mal ein Video machen, wie du overfitting im Optimizer verhinderst?

[alexgicheha]

This seems great. It seems a bit complex, the analysis part especially. Can I learn this as well as a beginner

[michaelaldan]

I think you need to ask the Fibonacci guy to have a look at the results Rene.. :)) haha.... nice work brother!

[federicopanichi]

Did you try other time frames or pairs ? Would be great if you will talk about the code's implementation. Although simple I am interested in it. Thanks a lot for your work

[eẽplorefr]

Hi. Can you code a trading bot that combines bollinger band, zigzag, and ma100?

[FighterFred]

The problem with BB is trending market, it's ok in a ranging one. Also the showed return is way too low, you should aim for 10% per month with less than 5% daily drawdown. That's the holy grail for prop trading. What you can test is pure price action trading and pyramiding which is addition of trades when profitable. Every candle is a trading opportunity.

[jochengroll]

Hi René, einfache, klare Strategie ohne Martingale, grid oder sonstiges und trotzdem profitabel. Würdest du den EA für eigene Backtests zur Verfügung stellen ?

[victormike]

how about you add a filter to see if the BB is declining or ascending as extra filter for buy and sell conditions

[eatingmiketysonsass]

Hi, won't backtest optimization make the parameter way too overfitting?
If not then why?
If it's overfitting then how can we improve the trading system?