Bollinger Blast Buy Unholy Grail — Strategy by saucius
By saucius
Performance Metrics
- Author: saucius
- Symbol: NASDAQ:AMD
- Timeframe: 1 day
- Net P&L: +138,295.30 USD (+691.48%)
- Win Rate: 48.4%
- Profit Factor: 3.239
- Max Drawdown: 22,071.22 USD (26.40%)
- Total Trades: 31
- Sharpe Ratio: 0.055
Description
This strategy copy the Nick Radge's trading ideas for a profitable systems. He mentions a Bollinger Band idea which is also published in his book Unholy Grails. Nick says: he strategy that we did test and showed very promising results was an entry using a Bollinger band and an exit using the opposite Bollinger band, but we use 3 standard deviations for the entry and 1 standard deviation for the exit, just to keep the trailing stop a little bit tighter.”Entry: Buy on the Open the day after a stock closes above the top Bollinger BandExit: Exit on the Open the day after a stock closes below the lower Bollinger BandResults tested on Nasdaq market are very good and better than simply buy& hold