Double Bollinger Binary Options — Strategy by Trade_by_DB
By Trade_by_DB
Performance Metrics
- Author: Trade_by_DB
- Symbol: FX:EURUSD
- Timeframe: 5 minutes
- Net P&L: +0.02 USD (+0.00%)
- Win Rate: 50.0%
- Profit Factor: 0.475
- Max Drawdown: 0.01 USD (0.00%)
- Total Trades: 2
- Sharpe Ratio: −8,454.305
Description
This script uses 2 Bollinger bands and rsi oversold and overbought region to give signals. Basically, it detects those conditions where the market gets spiked in one direction aggressively(mostly during news) and then reverses back, although signals occur less frequently, this strategy is worth trying. Keep the timeframe for 5 minutes and trade for 5 candles i.e. 25 minutes :)