Bollinger Band with Fib Golden Ratio (0.618) — Strategy by eemani123
By eemani123
Performance Metrics
- Author: eemani123
- Symbol: NASDAQ:QQQ
- Timeframe: 1 hour
- Net P&L: +587.08 USD (+5.87%)
- Win Rate: 81.8%
- Profit Factor: 1.62
- Max Drawdown: 279.08 USD (2.72%)
- Total Trades: 55
- Sharpe Ratio: −0.008
Description
This startegy uses Fib level (0.618) of Bollinger Band for long entry. I find this is the only strategy which gives similar results on the different time frames. I have tested QQQ for 1H, 2H , 3H and 4H charts , all showed over 70% winning rate.BB settings 50 , mult 1.5 (or you can use 2.5 or 3 )Note: for the basis I have used VWMA instead of SMA . BUY=========ema 50 is above ema 200when the price close or low touches BB50(Fib0.615) lower band Exit=========when the price crossover BB50(Fib0.615) upper band Stop Loss=========Stop oss set to 5% , configurableStrategy works similar to mean reversion style. When it touches the lower bans (which 0.615 level of the BB50) , it bounces from there.Warning=========This strategy is for educational purposes only. Please do your own reserach for trading decissions.