[EURUSD60] BB Expansion Strategy by kasaism
By kasaism
Performance Metrics
- Author: kasaism
- Symbol: FX:EURUSD
- Timeframe: 1 hour
- Net P&L: +137,410.00 USD (+137.41%)
- Win Rate: 50.9%
- Profit Factor: 1.689
- Max Drawdown: 23,140.00 USD (12.01%)
- Total Trades: 110
- Sharpe Ratio: 0.366
Description
Overview This is a strategy that can be used in the EURUSD 60 time frame. It is a trend-following method that uses Bollinger Bands Expansions.The idea of using Bollinger Bands expansion is well known to the general public, but I don’t know any strategy that this idea has been PINE coded.The three main components of this strategy are as follows.・Long term BB and Short term BB : When the short term BB expands more than the long term BB, it suggests the occurrence of a trend.・14EMA of 240 t/f : The direction of 14EMA of the upper time frame is used as the trend direction.・ATR lines : As a stop-loss line and a take-profit line.DescriptionFig. Long entry patternFig. Short entry pattern・Description of linesGray : Large BB (=Long term BB)White : Small BB (=Short term BB)Blue or Red line : Upper t/f EMA(default: 14EMA), blue is up-trend, red is down-trendYellow : Stop loss line by ATR(the term is 14)Purple : Take profit line by ATR(the term is 14)・Description of strategyFirst of all, when the small BB expands more than the large BB, this strategy detects the occurrence of a trend.Second, When the price crosses over or crosses under small BB basis, this strategy entries long or short to trend direction (by upper time frame 14EMA).The default stop-loss range is three times ATR value, and the default take-profit target is 1.5 times the stop-loss range (=risk reward ratio is 1.5).