Hi all… i want to share my forex trading strategy, it is simple… as i mentioned on the subject of this thread “Romeo & Juliet”, i use 2 indicators, Romeo is Moving Average and Juliet is Bollinger Band.
I am using time frame M15, Romeo is MA 4 and Juliet is BB 60 with standard deviation (sd) +/-2, and from now on if i say Romeo it means refer to MA 4 and Juliet means BB 60 with sd +/-2.
Note : moving average and bb values must be rounded down till 4th digit decimal, to be used.
Rules :
SELL if Romeo crossed down upper band Juliet, confirmation by closing of the candle ( not - only - the price ).
CLOSE position when Romeo crossed down middle band Juliet, confirmation by closing of the candle ( not - only- the price ).
BUY if Romeo crossed up the lower band Juliet, confirmation by closing of the candle ( not - only - the price ), CLOSE position when Romeo crossed up the middle band Juliet, confirmation by closing of the candle ( not - only - the price ).
I have back tested this strategy and found great performs ! Only in 5 months I can gain 2383 pips, open position happened in 95 times, with profit 73 times (77%) and loss 32 times (23%).
Attached the chart I made to show you how this simple indicators can give you wonderful profit.
Hope this give you many profits to go, and I really appreciate your comments, thanks.
Thank you for the simple strategy. I seems great and simple. Some questions- What was the stop loss? What other rules you applied to it while back testing?
Hi… yes i did put sl and pt parameters but the result is not good as if we release it…so the strategy is without any sl or pt, close position only happens when Romeo crossed the middle of Juliet… do you mind if you want to use this strategy please let me know the result, thanks.
Hi… let me explain more on your query… if you see on ma numbers, you’ll find the decimal numbers is more than 4 right ? So to define whether the Romeo already crossed or not you must only use the values of ma and bands until the 4th decimal… hope its clear now… let me know if you have any question, thanks.
hi, thx for your timely reply. just one more thing:
Now I see the 5-digit numbers on MA and BB, but how do I use these numbers to , as you said, define whether ma has crossed bb? What do these numbers have to do with ma crossing bb? THX.
Ok, example we have :
MA 4 : 1.22239
Upper band BB 60 : 1.22219
MA 4 > Upper Band BB 60,
In this case we wait until MA 4 crossed down Upper Band BB 60.
Next :
MA 4 : 1.22221
Upper band BB 60 : 1.22229
You see now upper MA 4 < upper band but the rules is only consider till 4 th decimal, so it means MA 4 = upper band BB 60, so still wait.
Next :
MA 4 : 1.22219
Upper band BB 60 : 1.22221
Now its confirmed we BUY.
Hi…for the ea, i have no skill on this, if you can help me to do it or maybe you can make a robot with this rules, it would be more than happy to have it… thanks.
hi, can you explain what it means to ‘cross up/down’? Does MA have to Go THROUGH the upper/lower band to be considered ‘cross up/down’? What if MA is already above/below the bands and just makes a ‘V’? Is it valid still? THX.
better yet, can you explain with some charts, please? Really appreciate it! THX
Hi… please take a look… this chart was hours ago… you see black bold line is ma 4, the rainbow line ( red, yellow, green, blue ) are the bb lines for 60, 64, 68, 72, 76, i took this values is based on back testing which gave a good performa… and the one black thin line is bb 160, as the top of them… if ma 4 cross down the upper band then its time to sell… do you understand ? Thanks
