V2RK: Double BB Strategy by chaitanya_darapureddy
By chaitanya_darapureddy
Performance Metrics
- Author: chaitanya_darapureddy
- Symbol: OANDA:XAUUSD
- Timeframe: 15 minutes
- Net P&L: +339.92 USD (+0.34%)
- Win Rate: 41.7%
- Profit Factor: 1.241
- Max Drawdown: 700.06 USD (0.70%)
- Total Trades: 72
Description
V2RK: Double BB Strategy is an advanced Double Bollinger Band mean-reversion trading system designed for both scalping and intraday trading. The strategy combines inner and outer Bollinger Bands to identify volatility exhaustion and potential reversal zones. Trades are triggered when price rejects the outer Bollinger Band and re-enters the inner Bollinger Band, helping filter weak reversals and improving entry quality. To reduce false signals during strong trending conditions, the script integrates ADX-based no-trend filtering along with optional EMA directional confirmation. The strategy also includes ATR-buffered stop-loss logic, maximum stop-loss protection, adaptive trailing stop management, and progressive risk-reward locking to improve trade management during volatile market conditions such as Gold and US Oil. Additional features include configurable basis exits, opposite band exits, EMA filters for directional bias, and dynamic ATR trailing for locking profits as trades develop. This framework is particularly effective in ranging and moderate volatility environments where exhaustion reversals frequently occur.User change the Outer and Inner SD's based on the Instrument , validate the strategy results based on the inputsRelease NotesAddressed few code issues