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@  traderpusa : (26 June 2019 - 09:37 AM) @suru tomorrow will be a better day. Relax first.
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@  traderpusa : (21 June 2019 - 01:01 AM) There are plenty of coders here that could help you if you prove your strategy is profitable, so just post it in a thread. For sure it will become a very popular thread.
@  traderpusa : (21 June 2019 - 12:59 AM) Ah, in that case did you make a thread and post/explain it ?
@  karabo : (21 June 2019 - 12:51 AM) thanks I already thought of that,but I learned a lot from this group I just wanted to also share it amoungst fellow helpers that can maybe improve it or make it suit their needs
@  traderpusa : (21 June 2019 - 12:35 AM) if your system is as good as you claim, you wouldn't mind spending a few $ to get it automated and post a job on https://www.mql5.com/en/job. My 2 cents.
@  karabo : (20 June 2019 - 08:18 AM) any good coders here to help ,having a good manual strategy ,hilding good results for the longest time ,need it to give alerts and not get all glued to screen.I have screen shots to prove results
@  vdsrilanka : (20 June 2019 - 03:14 AM) adx crossing
@  Tripack : (19 June 2019 - 09:10 AM) I think FSA maintains a list of blacklisted brokers

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Bollinger bands 5minute strategy


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#21 mararakudzai

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Posted 21 July 2016 - 01:46 AM

I am glad to note its working on other currency pairs I have only used it on eurusd

#22 mararakudzai

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Posted 21 July 2016 - 01:47 AM

I am glad to note its working on other currency pairs I have only used it on eurusd
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#23 jimtang

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Posted 21 July 2016 - 05:48 AM

Hey Guys

 

My attempt to code an indicator Attached File  BB 5 Min Arrows.ex4   14.7KB   156 downloads

You will need Attached File  WickPercentage_arrow_options.mq4   3.9KB   182 downloads as well.

Place both indicators into MT4 INDICATORS folder.

Only need BB 5 Min Arrows.ex4 to be loaded onto chart.

 

I would suggest using a low percentage setting with BB 5 Min Arrows.ex4

A low  percentage setting say 25 or less setting will eliminate pinbars, dojis etc.

 

For those of you interested in an EA since there are very few trades, here is Attached File  BB 5 Min EA1.ex4   17.22KB   82 downloads

 

Hopefully everything works.

I was unable to get Konkis EA BO Tester to Backtest BB 5 Min Arrows.ex4, but if anyone can get it to work

then it will be interesting


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#24 mararakudzai

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Posted 21 July 2016 - 09:20 AM

@jimtang thanks for the indicators I will try and see hw it works out
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#25 shajan901

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Posted 21 July 2016 - 09:38 AM

Hey Guys

 

My attempt to code an indicator attachicon.gifBB 5 Min Arrows.ex4

You will need attachicon.gifWickPercentage_arrow_options.mq4 as well.

Place both indicators into MT4 INDICATORS folder.

Only need BB 5 Min Arrows.ex4 to be loaded onto chart.

 

I would suggest using a low percentage setting with BB 5 Min Arrows.ex4

A low  percentage setting say 25 or less setting will eliminate pinbars, dojis etc.

 

For those of you interested in an EA since there are very few trades, here is attachicon.gifBB 5 Min EA1.ex4

 

Hopefully everything works.

I was unable to get Konkis EA BO Tester to Backtest BB 5 Min Arrows.ex4, but if anyone can get it to work

then it will be interesting

hi

 

indicator not working..



#26 jimtang

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Posted 21 July 2016 - 10:12 AM

hi

 

indicator not working..

 

Hey shajan

 

Maybe mararakudzai can confirm how many signals per pair per day is the norm ?

There does not seem to be many signals.

Today I can only see two signals, one on GBP and the other on AUD.

Both were ITM on 5 candle expiry !!

Screenshots of the indicator working below.

You should have these arrows on your charts 

Attached File  AUDUSDM1.png   62.35KB   18 downloads

 

Attached File  GBPUSDM1.png   58.63KB   9 downloads

 

Maybe use a broker who provides lots of BO pairs and also try M5 timeframe ( 30 min exp ) to increase trades.

Personally I will be happy with two ITM a day every day running EA on a reliable VPN !!!!!!!!


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#27 shajan901

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Posted 21 July 2016 - 10:32 AM

Hey shajan

 

Maybe mararakudzai can confirm how many signals per pair per day is the norm ?

There does not seem to be many signals.

Today I can only see two signals, one on GBP and the other on AUD.

Both were ITM on 5 candle expiry !!

Screenshots of the indicator working below.

You should have these arrows on your charts 

attachicon.gifAUDUSDM1.png

 

attachicon.gifGBPUSDM1.png

 

Maybe use a broker who provides lots of BO pairs and also try M5 timeframe ( 30 min exp ) to increase trades.

Personally I will be happy with two ITM a day every day running EA on a reliable VPN !!!!!!!!

thnx


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#28 mararakudzai

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Posted 21 July 2016 - 11:21 AM

Hi guys you get on 1min TF on average 5 trades per currency pair. So if you monitor 4 currency pairs then you have more trades to take. Its better to only take the PERFECT setup and not gamble with the almost perfect setups.Someone suggested using 5min TF taking 30min expirey trades. I have not tried this but will test. Should this work and you do it on about 4 currency pairs then the number of trades one can take becomes plenty. Problem is you have too many charts to monitor. The alert indicator will definitely be handy
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#29 fjordmelis

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Posted 21 July 2016 - 12:50 PM

Hey Guys

 

My attempt to code an indicator attachicon.gifBB 5 Min Arrows.ex4

You will need attachicon.gifWickPercentage_arrow_options.mq4 as well.

Place both indicators into MT4 INDICATORS folder.

Only need BB 5 Min Arrows.ex4 to be loaded onto chart.

 

I would suggest using a low percentage setting with BB 5 Min Arrows.ex4

A low  percentage setting say 25 or less setting will eliminate pinbars, dojis etc.

 

For those of you interested in an EA since there are very few trades, here is attachicon.gifBB 5 Min EA1.ex4

 

Hopefully everything works.

I was unable to get Konkis EA BO Tester to Backtest BB 5 Min Arrows.ex4, but if anyone can get it to work

then it will be interesting

Hi Jimtang, maybe you should upload the mq4 for BB 5 min arrows as well, nothing happens when i load the indicator on the chart.
regards

Sorry i just had to update my mt4 haha, but the arrow doesn't appear


Edited by fjordmelis, 21 July 2016 - 01:11 PM.

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#30 tootall

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Posted 21 July 2016 - 01:32 PM

Deleted


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#31 FAT STAX

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Posted 21 July 2016 - 02:02 PM

Thank you Fax Stax I am glad u tried the strategy
To improve It I forgot to mention that if the
trigger candle the one that you place trade just b4 it closes, if this candle is a pinbar or doji then dont take the trade.Also if the wick of this candle touches the bollinger band even if the body of the candle does not touch the bollinger band I usually do not take the trade but sometimes it turns out to have been ITM

 

Hello mararakudzai,

 

Your initial directions and rules were very clear; in the second post in this thread you actually did mention the conditions regarding avoiding set ups in which the trigger candle is a doji, pin bar, or if its wick touches the bollinger band.  I had a string of successful trades then got cocky and decided to ignore that rule.  When I kept winning I got even more arrogant and almost became convinced I could ignore the aforementioned rule all together.  Fortunately, last night I had the sense to stop trading and just watch the charts and over the course of several hours across 10 currency pairs observe what happens when the trigger candle is a doji, pin bar, or if its wick touches the band even if the body does not.  It did not take long for me to conclude it is best to follow all of the rules you laid out.  

 

Thanks again for sharing this strategy with everyone.  It is one of the most simple and highly effective (especially if all the rules are followed!) strategies I have seen in a long time.


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#32 jimtang

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Posted 21 July 2016 - 03:29 PM

Hey Guys

 

It is really weird.

I get arrows on FXCM MT4 but when I loaded indicator onto NoaFX no arrows.

 

So sorry guys let me try again.

I have recoded BB 5 Min Arrows.ex4 as a standalone indicator.

YOU DO NOT NEED WickPercentage_arrow_options.mq4 now.

I suspect WickPercentage_arrow_options.mq4 may have been the problem.

Note BarRange To BarBody setting : a high setting means long wicks such as pinbars / dojis.

As we do not want dojis and pinbars then use a lower setting below 2 such as 1.6 or 1.5

Play around with this setting.

If you use 10 you will see dojis and pinbars.

 

The screenshot shows it works in NoaFX

 

Attached File  RECODED IT WORKS !! ITM.png   87.6KB   74 downloads

 

Attached File  BB 5 Min Arrows.mq4   5.34KB   310 downloads

 

Attached File  BB 5 Min EA1.mq4   7.14KB   200 downloads


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#33 jimtang

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Posted 21 July 2016 - 04:03 PM

Hey Guys

 

Just now the EA took two ITMs.

So everything seems to be working fine.

Please demo first.

Check lot sizes in the EA and happy pips !!

 

Attached File  EURJPYboM1.png   45.93KB   12 downloads

 

Attached File  USDJPY.png   42.84KB   9 downloads


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#34 jimtang

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Posted 21 July 2016 - 04:15 PM

Hey Guys

 

Two more ITMs as I write this.

The EA seems to take trades on time.

I have had 2 signals all day and then just now 6 signals

All ITM !!

Thanks to   mararakudza  for sharing !!

 

 

Attached File  USDCHFboM1.png   47.67KB   3 downloads

Attached File  NZDUSDboM1.png   54.08KB   0 downloads

 


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#35 FAT STAX

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Posted 21 July 2016 - 05:10 PM

Hey Guys

 

Just now the EA took two ITMs.

So everything seems to be working fine.

Please demo first.

Check lot sizes in the EA and happy pips !!

 

attachicon.gifEURJPYboM1.png

 

attachicon.gifUSDJPY.png

 

Thank You so much jimtang!  You created a very nice indicator and ea.

 

I would like to share the following idea I have to be notified of set ups like the one below in addition to all the others. My logic is as follows: regardless if they are bullish or bearish candles that conform to the rule of both opening and closing outside the bands, both shooting stars above the upper bollinger band and hammers below the lower bollinger band should in theory both be high probability trade set ups.  As I scrolled through the price action on just a couple currency pairs I so far have seen several other set ups similar to the one below that were itm much more often than not.  Are you able to code this additional functionality into the indicator as perhaps a filter?

 

I want to reiterate my gratitude for your efforts in creating both an indicator and ea for these 5 minute expiry bollinger band set ups.  I am just thinking out loud here on how we can maybe take an excellent strategy by mararakudzai to the next level by increasing the number of high probability set ups we are alerted to while keeping our solid itm rate the same or even raising it.

 

rzTVceO.png


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#36 fperes

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Posted 21 July 2016 - 06:06 PM

Very nice...

 

FAT STAX... could u tell me wicth this indi are using for to say candles names ?


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#37 fjordmelis

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Posted 21 July 2016 - 07:05 PM

Thank you Mararakudzai and Jimtang , the EA and indicator seems to work now. I opened my mt4 to check it and it instantly took a trade. Big ITM!

 

2ab5c61902a453339f8270688581c90b.png


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#38 FAT STAX

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Posted 21 July 2016 - 08:39 PM

I just took this trade for a nice itm.

 

GUt033H.png

 

 


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#39 FAT STAX

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Posted 21 July 2016 - 08:44 PM

Very nice...

 

FAT STAX... could u tell me wicth this indi are using for to say candles names ?

 

Thanks!  The indicator for the candle names I use is a paid one called PZ_Candle Patterns.


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#40 FAT STAX

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Posted 21 July 2016 - 08:51 PM

Thank you Mararakudzai and Jimtang , the EA and indicator seems to work now. I opened my mt4 to check it and it instantly took a trade. Big ITM!

 

2ab5c61902a453339f8270688581c90b.png

 

Sweet!  Congrats!  


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