Bollinger Bands SMA 20_2 Strategy by meowBTC
By meowBTC
Performance Metrics
- Author: meowBTC
- Symbol: COINBASE:ETHUSDC
- Timeframe: 1 hour
- Net P&L: +3,436.06 USDC (+0.34%)
- Win Rate: 68.3%
- Profit Factor: 1.222
- Max Drawdown: 1,916.95 USDC (0.19%)
- Total Trades: 589
- Sharpe Ratio: −4.053
Description
Mean reversion strategy using Bollinger Bands (20-period SMA with 2.0 standard deviation bands).Trade Triggers:🟢 BUY SIGNAL:When: Price crosses above the lower Bollinger BandLogic: Price has hit oversold territory and is bouncing backAction: Places a long position with stop at the lower band🔴 SELL SIGNAL:When: Price crosses below the upper Bollinger BandLogic: Price has hit overbought territory and is pulling backAction: Places a short position with stop at the upper band