Konigs | Bollinger Band Mean Reversion (Session Filter) — Strategy by konigsblue
By konigsblue
Performance Metrics
- Author: konigsblue
- Symbol: FOREXCOM:EURCHF
- Timeframe: 5 minutes
- Net P&L: +428.27 CHF (+8.57%)
- Win Rate: 76.9%
- Profit Factor: 2.768
- Max Drawdown: 33.59 CHF (0.66%)
- Total Trades: 229
Description
Core Idea:In sideways markets, price tends to revert to the mean (the middle band).Strategy:Buy when price touches or moves below the lower band.Sell when price reaches or exceeds the upper band.Exit at the middle band (20-period moving average).Confirm with: RSI/Stochastic or candle patterns for reversal at the bands.Only works with low-volatility instruments:EURCHFFilter certain time to avoid unexpected volatility