Bollinger band trading with MAs

[system]

Just one other thing… don’t use high or low but open or close on the 5:1 boll it makes a big difference.

[B]R Carter[/B]

Lighting fast…the difference is.

What TF’s do you us 1:5 BB…?

Thx.

[R_Carter]

[B]R Carter[/B]

Lighting fast…the difference is.

What TF’s do you us 1:5 BB…?

Thx.

[B]CAS[/B]
The 5m and 15m is all you’ll ever need.

[Oskar]

I think …
…wondering what people’s thoughts are on the [B]“Tunnel of 5” strategy[/B] in conjunction with TalonD’s middle boll crossover?
…

Avoid trading in the “tunnel of 5” seems to be pretty good as a warning to be patient. Of course if you trade “in your sleep” it will not help much.

[R_Carter]

Avoid trading in the “tunnel of 5” seems to be pretty good as a warning to be patient. Of course if you trade “in your sleep” it will not help much.

[B]Oskar[/B]

You can pretty much trade this strat in your sleep.

[John4pips]

John4pips
I tried to open that zip file and couldn’t but the other attachment is a file that ends in .txt if you open it with something like notepad you will see the actual human readable code of the indicator. If you aren’t a programmer it probably looks like greek. So anyway, all you have to do after you save that .txt file into your indicators folder which is in your experts folder which is in your metatrader folder for your broker on your C:/ drive, save it in there. once you have it saved there then right click on it and change the extension from .txt to .mq4
when you open up metatrader you should see it in your list of indicators. But you will still need to compile it. so right click on it there in the list of indicators and click on ‘modify’ that will bring it up in another window where you will click on ‘compile’ there should be no compile errors showing at the bottom. Then close that window and you are back in metatrader and then you can drag the indicator over to your chart.

hopefully that’s not too confusing, if it is, let me know and I’ll try to explain better

Thanks for your help.But it does not work as you explained it. I have been trying this for the past 30 minutes.
I need step by step to add this.

[TalonD]

@John4pips

Thanks for your help.But it does not work as you explained it. I have been trying this for the past 30 minutes.
I need step by step to add this.

I don’t know your level of computer knowledge so I’ll have to ask how much you know how to do already so bear with me.

Did you download the file? Which one the zip or the .txt ? do you see the .txt extension?

Here I compiled it, when you unzip it, all you have to do is copy it into your indicators folder and it will appear in your list of indicators in metatrader. Do you know how to copy it into your indicators folder?

linreg 5 LRMA.zip (1.96 KB)

[TalonD]

the pair has been ranging for a while now at the top of that up trend. I may give that 5 channel a try. I mentioned in an earlier post here somewhere about putting a 5 or 6 bb inside the standard 20bb on a 1h chart, which is something similar, I closed that chart and forgot about it, need to bring it back up I guess. As I recall I also suggested masking out the centerline of the 5bb to reduce some of the clutter. I may try the 5sma channel of that video though just to see how that goes. My 1h idea works pretty good except when it’s ranging like this, I guess that’s the drawback to MA systems. And that’s when you should trade the BB bounces right?

[John4pips]

I don’t know your level of computer knowledge so bear with me. Did you download the file? Which one the zip or the .txt ? do you see the .txt extension?

I did just as you suggested. Downloaded the txt.extension and changed it after saved it.

[TalonD]

I just uploaded a compiled version, see my post up above. all you have to do is unzip that and put it in your indicators folder and it will show up in metatrader.

[John4pips]

I don’t know your level of computer knowledge so I’ll have to ask how much you know how to do already so bear with me.

Did you download the file? Which one the zip or the .txt ? do you see the .txt extension?

Here I compiled it, when you unzip it, all you have to do is copy it into your indicators folder and it will appear in your list of indicators in metatrader. Do you know how to copy it into your indicators folder?

Really, i am convinced that this stuff is pretty simple. All what i ask for is the step by step to copy it to metatrade4.This will give me the chance to copy any other indicator i may need next time.
I dont understand the way you are doing it.

[TalonD]

ok, so you have downloaded and unzipped it right? The one that I posted is already compiled so compiling is a step you can skip. So once you have it saved on your computer and unzipped it. Next step is to put it in metatrader, to do that you have to save it in the indicators folder on your C drive. The indicators folder will be found inside the experts folder, which is inside the folder that was created when you installed metatrader. You can use windows explorer to do all that. At that point it will show up in your metatrader along with all the other indicators that you have. and then you have to attach it to your chart. I don’t know what level of knowlege you have of finding folder and copying and pasting file on your computer so I don’t know which step youre having problems with. Tomorrow when I have more time I’ll do a PDF tutorial with pictures because I’ve had someone else ask how to do this so I’ll post it up for the benefit of all.
it’s gettin late tonight though

[TalonD]

on the channel of fives thing, I had a little trouble with the envelop getting it to look like the one in the video. I’m hanging in there with my red MAs 1h strat but will take a look at this too.

I did a 21 period, deviation of 1 on the envelope and it looks pretty close.

[John4pips]

@TalonD

ok, so you have downloaded and unzipped it right? The one that I posted is already compiled so compiling is a step you can skip. So once you have it saved on your computer and unzipped it. Next step is to put it in metatrader, to do that you have to save it in the indicators folder on your C drive. The indicators folder will be found inside the experts folder, which is inside the folder that was created when you installed metatrader. You can use windows explorer to do all that. At that point it will show up in your metatrader along with all the other indicators that you have. and then you have to attach it to your chart. I don’t know what level of knowlege you have of finding folder and copying and pasting file on your computer so I don’t know which step youre having problems with. Tomorrow when I have more time I’ll do a PDF tutorial with pictures because I’ve had someone else ask how to do this so I’ll post it up for the benefit of all.
it’s gettin late tonight though

Thanks so much. The problem is that after saving it on the C drive and i turned on my metatrader,it did not appear in it.So, there is no way to continue the process.I dont know why it failed to show on the indicator.That is what really confused me.And i tried a couple of times but still it failed to show up.
Further,i did not use the new zip folder you posted few minutes ago because i couldn’t open the zip.
Peace.

[John4pips]

[B]SanMiguel[/B]… excellent post! I would say everyone who is not an experienced trader should watch this. I already use this strat. I have up a 20:2 std dev boll and a 5:1 boll which does the same job. When PA steps outside both its a pretty certain bet its over bought/ sold. When PA is moving it will likely be outside both bolls. I like the 3 o’clock and 5 o’clock explanation. Basically he’s saying when the center line boll is 3 o’clock PA is ranging, when 5 o’clock its dropping steeply.

I have posted my 5m & 15m charts (expand to 200% to get a better view).

It is unfortunate that you ignored my question(post 1263). I thought you are an affable person.

[TalonD]

@John4pips

Thanks so much. The problem is that after saving it on the C drive and i turned on my metatrader,it did not appear in it.So, there is no way to continue the process.I dont know why it failed to show on the indicator.That is what really confused me.And i tried a couple of times but still it failed to show up.
Further,i did not use the new zip folder you posted few minutes ago because i couldn’t open the zip.
Peace.

I’ll do some better instructions tomorrow with pictures. but a couple questions first. the one you downloaded did it have the .txt on the end of it? and when you saved it on your C drive did you put it in the indicators folder for your metatrader?

RCarter uses Tradestation, it has the indicator already built in. If you put up a 2period simple moving average that’s fairly close to the regression line, not exact but close enough I think.

nite all

[Mgsupra101]

Im reverting myself back to Demo trading for a week if not more to refresh my skills and realearn the system and indicators…isnt that wondeful? lol
Mike G

[SanMiguel]

It is unfortunate that you ignored my question(post 1263). I thought you are an affable person.

Yes, very unfortunate.
Perhaps if you write more politely instead of demanding?
Post 1263 is not your post, which one are you referring to?

[SanMiguel]

With due respect to this guy were looking for PA steps outside the boll as indications of over bought/ sold on this thread. Using his smoothed MA’s PA will likely stay within the tunnel and not give a clear buy/ sell signal… my reason for using the 5:1 boll.

How are you using the 5:1 boll? Only for choosing whether to exit trades or not?

[tymen1]

Dam… this guys giving away all the good stuff!!! :D:D:D

I am familiar with this double BB type setup.

I have tried it to set up a strategy using 20:2 and 10:1.9

The idea of smoothing the bands with a MA is a good one.
Now which to choose, sma, ema or wma?

[TalonD]

Yes, very unfortunate.
Perhaps if you write more politely instead of demanding?
Post 1263 is not your post, which one are you referring to?

I think it was 1262 and he did say please, and R.C. is a nice guy, I’m sure he just missed seeing the post.

I made 130 pips on the up move this morning. It still doesn’t make up for all the pips I’ve lost lately though