BBands pull back can make lot of money for you-if you know

#1
hi friends

Do you have a bbands pullback system?
If not no problem, you can see it here
http://www.alpeshpatel.com/pb/

Any comments/

HTML:
Concept
price momentum,value area,pull back from extremes after momentum exhausted

bbands 20-2
15minutes or hourly timeframe or 4 hourly
centreline is value area and prices go there,through it to other band.
bands are extremes.price hits and reverses.
buy signal
1 price is beginning heading below CENTRELINE MA20
2.PRICE MAKES 3 LOWER LOWS,L1,L2,L3 each lower than prior one(it can mak 5 or 6 lows-never mind just look for higher high)
3.price reverses up,makes a higher high
enter buy
target=  proceed till you reach upper band or almost 80% of distance to it
then exit trade

sell signal

1.price begins heading above centreline
2.price makes 3 higher highs h1,h2,h3,each higher than the previous one
(it can make 5 or 6 highs never mind look for lower low)
3.price reverses down,making a LowerLow
enter Sell
target =  proceed to -lower band
Whoever can code please try.THANKS AND REGARDS
FORD
 
Last edited:

KelvinHand

Well-Known Member
#2
hi friends

Do you have a bbands pullback system?
If not no problem, you can see it here
http://www.alpeshpatel.com/pb/

Any comments/

HTML:
Concept
price momentum,value area,pull back from extremes after momentum exhausted

bbands 20-2
15minutes or hourly timeframe or 4 hourly
centreline is value area and prices go there,through it to other band.
bands are extremes.price hits and reverses.
buy signal
1 price is beginning heading below CENTRELINE MA20
2.PRICE MAKES 3 LOWER LOWS,L1,L2,L3 each lower than prior one(it can mak 5 or 6 lows-never mind just look for higher high)
3.price reverses up,makes a higher high
enter buy
target=  proceed till you reach upper band or almost 80% of distance to it
then exit trade

sell signal

1.price begins heading above centreline
2.price makes 3 higher highs h1,h2,h3,each higher than the previous one
(it can make 5 or 6 highs never mind look for lower low)
3.price reverses down,making a LowerLow
enter Sell
target =  proceed to -lower band
Whoever can code please try.THANKS AND REGARDS
FORD
I m not sure whether is he using bollingerband because the upper and lower band did not seen to be that smooth.
I checked his M15 & H4, the middle is SMA50. Dev approx. 2.0~3.5

Anyway, thank for your post.
The idea of trading top and bottom band seen good.
 
Last edited:
#3
Hi KelvinHand

Thank you for the hint about the 50MA and width 3 .
Anyway,I tried something that comes closer if not same.

I feel it is better choice is do something instead of nothing.

here it is .
The original coding by AFL expert Prakash shenoi
Right now no other ideas at my novice level.

HTML:
_SECTION_BEGIN("STARC Bands");
/*
STARC BANDS

Description:
 coder PRAKASH SHENOI
STARC Bands developed by Manning Stoller consist of a channel surrounding a Simple Moving Average of typical Price. The width of the channel created vary with the period of the average range. Like Bollinger Bands, STARC Bands tighten in steady OR Low volatility markets AND widen as volatility goes up. The difference lies in that rather than being based on Closes, STARC Bands are based on the ATR, which reflect indepth picture of the market volatility. while the penetration of a Bollinger Band may indicate a continuation of a price move, STARC Bands define the upper AND lower limits for normal price action.
The default for MA is 6 period AND ATR average is 15 - can be user defined through Param settings.
Formula:
*/
//====================================
/* S T A R C Bands */
/* AFL code by Prakash Shenoi */

x=Param("Average ",50,1,21);
y=Param("ATR ",10,1,21);
typ=(H+L+C)/3;
//s=MA(typ,x);//code line changed by ford to suit current need
s =MA(C,x);
//Up=(s +(ATR(y)*1.33));//changed
//Lo=(s-(ATR(y)*1.33));//changed
Up=(s +(ATR(y)*7));
Lo=(s-(ATR(y)*7));
Up1=(s +(ATR(y)*5));//added 
Lo1=(s-(ATR(y)*5));//added


Plot (C,"like STARC BANDS - Close",1,64);
Plot (Up,"UB",27,4);
Plot (s,"Mid",22,1);
Plot (Lo,"LB",27,4);

Plot (Up1,"UB1",27,4);
Plot (Lo1,"LB1",27,4);

GraphXSpace=3;
_SECTION_END();

Nifty 15min chart image attached.


regards
ford
 

KelvinHand

Well-Known Member
#4
Hi KelvinHand

Thank you for the hint about the 50MA and width 3 .
Anyway,I tried something that comes closer if not same.

I feel it is better choice is do something instead of nothing.

here it is .
The original coding by AFL expert Prakash shenoi
Right now no other ideas at my novice level.

HTML:
_SECTION_BEGIN("STARC Bands");
/*
STARC BANDS

Description:
 coder PRAKASH SHENOI
STARC Bands developed by Manning Stoller consist of a channel surrounding a Simple Moving Average of typical Price. The width of the channel created vary with the period of the average range. Like Bollinger Bands, STARC Bands tighten in steady OR Low volatility markets AND widen as volatility goes up. The difference lies in that rather than being based on Closes, STARC Bands are based on the ATR, which reflect indepth picture of the market volatility. while the penetration of a Bollinger Band may indicate a continuation of a price move, STARC Bands define the upper AND lower limits for normal price action.
The default for MA is 6 period AND ATR average is 15 - can be user defined through Param settings.
Formula:
*/
//====================================
/* S T A R C Bands */
/* AFL code by Prakash Shenoi */

x=Param("Average ",50,1,21);
y=Param("ATR ",10,1,21);
typ=(H+L+C)/3;
//s=MA(typ,x);//code line changed by ford to suit current need
s =MA(C,x);
//Up=(s +(ATR(y)*1.33));//changed
//Lo=(s-(ATR(y)*1.33));//changed
Up=(s +(ATR(y)*7));
Lo=(s-(ATR(y)*7));
Up1=(s +(ATR(y)*5));//added 
Lo1=(s-(ATR(y)*5));//added


Plot (C,"like STARC BANDS - Close",1,64);
Plot (Up,"UB",27,4);
Plot (s,"Mid",22,1);
Plot (Lo,"LB",27,4);

Plot (Up1,"UB1",27,4);
Plot (Lo1,"LB1",27,4);

GraphXSpace=3;
_SECTION_END();

Nifty 15min chart image attached.


regards
ford
Your choice for StarcBand.
But I still prefer BBand even not the same as his picture. I see more reaction on the top and bottom band.
Beside that BBand theory can be found easily on web for referencing. Like the 3DBB, BB ribbon canbe found in this forum

You may put your favorite short term HMA(12) make it 2/3 colors to see something.
 
#5
Hi KelvinHand

Thanks.
Your hints checked and agreed.Retained bbands.

Here is the new thing.
I like to make this user friendly.
Everyu trader has two questions on his wandering mind
a)How far this can go into profit? still thinking
b) if this go wrong where is my escape? Done
regards

 

KelvinHand

Well-Known Member
#6
Hi KelvinHand

Thanks.
Your hints checked and agreed.Retained bbands.

Here is the new thing.
I like to make this user friendly.
Everyu trader has two questions on his wandering mind
a)How far this can go into profit? still thinking
b) if this go wrong where is my escape? Done
regards

look good.
What the wave and stepma ?
 
#7
Hi KelvinHand

In the trading world nothing perfect is possible.
I settle down for the next best thing for time being.
The stepma is trailing stop at 2*ATR(10) in staircase mode
the red green ribbon in color is HMA13 & HMA34
BBANDS ARE 50 PERIOD 2.5W
CHEERS
FORD
Note-price settings hardwired
Whenever I check parameters settings after I close and Open Amibroker,the price field picks up bbandtop as default.
Now I hardwired the settings so nothing appears in parameters and nothing can change on its own.
I repost the chart afresh.


HTML:
Rules
1 Long  enter when price is below centreline after you see green ribbon 
2 monitor stoploss
3 exit long on red color ribbon appears
Short
1.Short enter  when price is above centreline after you see red ribbon crossover
2.monitor stoploss-if profits ok,move to breakeven.
3.Exit short when ribbon turns green-crossover

Caution
When solid trend lasting more time begins,price overshoots the bands.
This occurs more often when periods are less like below 20 for bbands.
In this chart shown above bbands use 50 periods so chances less for overshoot of bands by price.
During sideways or weaktrends,price stays and oscillates between bands.
take care  and know which regime you are operating your shop
Caution
Look at slope of centreline,if it is looking upwards,better trade long trades & avoid shorts.
If centreline is sloping downwards,better to take short trades in priority to longs.Trade IMPULSE DIRECTION.
HMA is HULL moving average.
The Hull Moving Average solves the age old dilemma of making a moving average more responsive to current price activity whilst maintaining curve smoothness.
see BANKNIFTY chart below



see SATYAM stock chart 30 minutes



CAUTION ZONE
SCALPERS BEWARE

3MINUTE CHART SBIN FUTURES
 
Last edited:
#8
HI TRADERS

Here is crudeoil 19july contract on 3 minute chart
whole world is busy there.
How does it go?
It is not 99% accurate but it has some reliability and no hype!

see it for yourself!
Masterkey is the angle between the red ribbon and centreline

 
Last edited:

KelvinHand

Well-Known Member
#9
Hi KelvinHand

In the trading world nothing perfect is possible.
I settle down for the next best thing for time being.
The stepma is trailing stop at 2*ATR(10) in staircase mode
the red green ribbon in color is HMA13 & HMA34
BBANDS ARE 50 PERIOD 2.5W
CHEERS
FORD
Note-price settings hardwired
Whenever I check parameters settings after I close and Open Amibroker,the price field picks up bbandtop as default.
Now I hardwired the settings so nothing appears in parameters and nothing can change on its own.
I repost the chart afresh.
See yesterday GPBUSD using TDI


See yesterday EURJPY using MESA
 
Last edited:
#10
Hi KelvinHand

In the trading world nothing perfect is possible.
I settle down for the next best thing for time being.
The stepma is trailing stop at 2*ATR(10) in staircase mode
the red green ribbon in color is HMA13 & HMA34
BBANDS ARE 50 PERIOD 2.5W
CHEERS
FORD
Note-price settings hardwired
Whenever I check parameters settings after I close and Open Amibroker,the price field picks up bbandtop as default.
Now I hardwired the settings so nothing appears in parameters and nothing can change on its own.
I repost the chart afresh.


HTML:
Rules
1 Long  enter when price is below centreline after you see green ribbon 
2 monitor stoploss
3 exit long on red color ribbon appears
Short
1.Short enter  when price is above centreline after you see red ribbon crossover
2.monitor stoploss-if profits ok,move to breakeven.
3.Exit short when ribbon turns green-crossover

Caution
When solid trend lasting more time begins,price overshoots the bands.
This occurs more often when periods are less like below 20 for bbands.
In this chart shown above bbands use 50 periods so chances less for overshoot of bands by price.
During sideways or weaktrends,price stays and oscillates between bands.
take care  and know which regime you are operating your shop
see BANKNIFTY chart below



see SATYAM stock chart 30 minutes



CAUTION ZONE
SCALPERS BEWARE

3MINUTE CHART SBIN FUTURES
hai ford
what is HMA13 & HMA34 ? is it Moving average?
regards
kumar
 

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