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Double Bollinger Bands Trading System

by MikeMM, 2933 days ago
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This is a long only trading system that uses two Bollinger bands indicators with different look back periods.

Bollinger Bands is a technical analysis tool created by John Bollinger and it consists of two lines (upper and lower lines) that form an envelope around the price series or any other time series (in case Bollinger bands function is applied to another indicator).

Entry rules are defined as follows:

Buy when a stock is trading below the 14-bar and 60-bar lower Bollinger bands
Buy when the price is higher than $2 and the average trading volume is higher than $100,000

Exit rules are defined as follows:

Sell when a stock is trading above either the 14-bar or the 60-bar upper Bollinger band.
Sell when the stock decreases more than 70% from its highest high. This is implemented using a 70% trailing stop.

Strategy Settings:

The maximum number of positions is 10.

Optimization:

Several parameters can be optimized in this trading system:
- The lookback period of the first Bollinger bands
- The lookback period of the second Bollinger bands
- The trailing stop level
- The maximum number of positions in the portfolio
...


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Type: Trading System

Object ID: 1059


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Market: All

Style:
Technical Analysis

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Technical Analysis


Fundamental Analysis



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Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.