Here is the update on this trade. Conservative traders TP1=48 pips profit Aggressive traders TP2 = 92 pips potential (current 75 pips profit). If you are trading a higher timeframe like the example here, patience is the name of the game.

The Bollinger Squeeze (TBS) Strategy

Timeframe could be from 5mins upward. The screenshot example is a daily chart.

The Bollinger Squeeze (TBS) Strategy

Great looking chart Meko. SPT_GLD chart: produced a winner as the price reached the middle Bollinger band. So if you bought 1 lot at the cross of the Stochastic line, you have two types of exit strategy available. 1. You can take all of your profit ...

The Bollinger Squeeze (TBS) Strategy

Thanks for pointing that out. The intention was to have just two colors, yellow and red. You will notice that in the BBWidth indicator properties, you have color 0=Yellow, color 1=Yellow. One of those used to be green color in the screenshot posted ...

The Bollinger Squeeze (TBS) Strategy

Check out the new signal from USDCHF Daily chart.

The Bollinger Squeeze (TBS) Strategy

That could be a good one, you could probably try that and see if it makes a difference. It will be a good idea if you do it over some period of time and some numbers of trades in order to know how effective it is. That's how personal systems are ...

The Bollinger Squeeze (TBS) Strategy

This question was touched upon earlier and it is a good and valid one. Yes, we have to find balance between been aggressive and getting a high win ratio. If you wait for the stochastic to properly cross, we have dramatically increase our chances of ...

The Bollinger Squeeze (TBS) Strategy

This is CHFJPY Daily chart. Signal generated at the opening of today's candle. We are already over 40 pips up

The Bollinger Squeeze (TBS) Strategy

You got it spot on. This strategy is meant to SELL at top of a range and BUY at low of range. In the near future, I could add the sister strategy which does what billbss is refering to (trending strategy) But this particular strategy is for a ...

The Bollinger Squeeze (TBS) Strategy

1) Do you wait for the candle close before taking the trade? YES, because any of the conditions may be true at the beginning of the candle but becomes false before the candle closes. So you must always wait till the close of the candle. 2) What to ...

The Bollinger Squeeze (TBS) Strategy

For a SELL position: Stop loss should be placed at the last swing high or the last known resistance level. For a BUY position: Stop loss should be placed at the last swing low or the last known support level Attached example shows SL and TP lines. ...

The Bollinger Squeeze (TBS) Strategy

It works well on all timeframe. Daily is very good, 1hr is also good. The example shown in the video is a 1hr EURUSD trade.

The Bollinger Squeeze (TBS) Strategy

You are quite right. That is where traders discretion comes in to play. If the price already approaching the middle band when the signal is generated, then it is a good idea to pass on that signal even though you can still make some profits. However ...

The Bollinger Squeeze (TBS) Strategy

The BBWidth indicator does not repaint

The Bollinger Squeeze (TBS) Strategy

Open Trades — Hi Steve, Well done for your persistence and determination on the work you are doing here. I have these 5 trades (AUDUSD, AUDCHF, AUDJPY, EURAUD, AUDCAD) manually open or opened by another EA. I also have your EA running on the ...

Kang Gun Relative Strength trading - the EA's

Bruce, Thanks for your reply. There is a subtle way of using this indicator to trade if it can be made to an EA. I called the method Tripple Screen Strategy. You will have three screens setup with Screen 1 for long term timeframe (e.g daily), Screen ...

My MT4 indicators for Auslanco's strategy

MT4-LevelStop-Reverse version 1.0 indicator — Bruce, Is there any Expert Advisor for this indicator?

My MT4 indicators for Auslanco's strategy

MT4-LevelStop-Reverse Indicatoe to EA — Hello Everyone, Has the MT4-LevelStop-Reverse indicator been made into an expert advisor yet?. If anyone can convert it to an EA it will be greatly appreciated. The VT version of this indicator is a ...

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait