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@  Cookiebrawler : (17 September 2019 - 04:27 PM) MegaMoney 90%
@  aasir : (16 September 2019 - 10:25 PM) Binary Triumph
@  traderpusa : (10 September 2019 - 01:35 AM) that was my bmw lol. E60.
@  Monoaldo : (10 September 2019 - 01:34 AM) E60
@  manfloy : (09 September 2019 - 11:12 AM) well said.
@  traderpusa : (09 September 2019 - 11:07 AM) at least for the moment, china will hold back because of economic conditions. My guess is they want to involve PLA but simply are not in a position to do so for the moment.
@  traderpusa : (09 September 2019 - 11:05 AM) well, regardless of any agreement between uk and europe, there is still nato is trump doesn't blow it up lol
@  manfloy : (09 September 2019 - 11:04 AM) I am really worried about HK if the PLA phase in this can interrupt the entire chain between FX liquidity and current import / export countries. I understand that we have a bunch of corporations exposed to China, now believe that 99 percent of them are stable in HK because they have a high law. If the PLA gets in, they'll substitute this economic centre with a singapore.
@  manfloy : (09 September 2019 - 11:04 AM) Yeah, they're really a very significant player. I am informed that there is also a lot more than economic, for instance there are a number of military agreements agreed between the GB and the EU, which is serious.
@  traderpusa : (09 September 2019 - 11:02 AM) the UK being part of the EU GDP figures, but not part of the Euro only makes things a bit complicated on how to interpret numbers for trading purposes.
@  traderpusa : (09 September 2019 - 11:00 AM) of course one needs to focus on US being the biggest economy but UK is still up there. https://gyazo.com/42...39df1c7c58d9221
@  manfloy : (09 September 2019 - 10:56 AM) I'm focused on the US, so I don't spend so much on the GB, I'm supposed to study it well since 2015, but something has altered worldwide, literally, it's an enormous step in the world's liquidity and global system, modifications are nice, but they're really colorful.
@  manfloy : (09 September 2019 - 10:56 AM) thanks good reading
@  traderpusa : (09 September 2019 - 10:53 AM) As to China, read this over the weekend : https://apnews.com/6...f75f013bf54e6a9
@  manfloy : (09 September 2019 - 10:51 AM) Spectacular indeed lol, this is huge to be honest
@  traderpusa : (09 September 2019 - 10:47 AM) it's gonna be interesting. MP's are leaving the sinking ship and now also Bercow has resigned. Gonna miss this guy lol
@  traderpusa : (09 September 2019 - 10:46 AM) https://gyazo.com/58...16d785753060ff0
@  manfloy : (09 September 2019 - 10:44 AM) I am very concerned about GBP, I have decided to leave until the government is making some definite deals on the Brexit. I'm not a supporter of uncertainty.
@  manfloy : (09 September 2019 - 10:42 AM) US It is expected to rebound until new years, because the season is coming and everyone is ready for new year revenues.
@  manfloy : (09 September 2019 - 10:41 AM) China is underwater now, and I can't even define how starving they are for dollars. Their imports fell significantly last quarter. They're trying to stimulate again, but I don't think it should work out, more than: we're back to the 2014/2015 situation. The issue with the Chinese central bank cutting off the supply of cash, the issue that they are not diversified around the world.

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very accurate 60 second bb strategy


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#1 tradesmart

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Posted 04 November 2014 - 07:08 PM

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Hi guys, today i want to explain to you the strategy i use for 60 second trading. I have read various different strategies on this site and other sites and tested many, but i believe the strategy i use is the best. Its very accurate and very simple, but you do need to be very patient as trades are very few in a day, but those trades that do come up are like i say "very accurate".

 

only one indicator is used: bollinger band set at period 20 and deviation 3.

 

we are looking for price to either move up to the upper bollinger band or down to the lower bollinger band and we need price to completely close outside of the bollinger band.

 

so if a bull candle closes completely outside of the upper bollinger band then we make a put trade on next candle

if a bear candle closes completely outside of the lower bollinger band we make a call trade on next candle.

 

please note, when i say completely close outside of bollinger band i mean both corners of the candle needs to be outside and away from the bollinger band. please look at screen shots.Attached File  EURUsd 2.png   88.12KB   1947 downloads

 

 

 

 


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#2 tradesmart

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Posted 04 November 2014 - 07:24 PM

I normally get about 4 trades a day with this strategy, sometimes less sometimes more. i very rarely get a losing trade, but for those losing trades if anyone has any suggestions then feel free to add an indi or something to filter them out if possible. To be quite honest hem losing trades are very rare and lets face it...................nothings perfect  ;)


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#3 pradalover2424

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Posted 04 November 2014 - 08:13 PM

what currency do you trade with this strategy and the best time?


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#4 lalcal

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Posted 04 November 2014 - 09:05 PM

Thanks, I was using someting like that. I wonder if there is an indicator  an indicator showing alert when the price hits the bands ..


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#5 Matt-Dawg

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Posted 04 November 2014 - 09:31 PM

Thanks, I was using someting like that. I wonder if there is an indicator  an indicator showing alert when the price hits the bands ..



here go...

http://www.mediafire...r/1lge3t88fzzd8
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#6 tradesmart

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Posted 05 November 2014 - 03:09 AM

what currency do you trade with this strategy and the best time?


I have only ever tried it with Eur/usd , so feel free to test it on others. I normally trade about 9am until 6pm GMT. I have noticed trade oppertunitys after that time though.

Thanks Madd-Dawg for that indi.....much appreciated.

#7 botsog

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Posted 05 November 2014 - 07:16 AM

you can use bollitoucher... it will sound once price penetrates the bollinger bands...



#8 Comedian

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Posted 05 November 2014 - 07:34 AM

i very rarely get a losing trade, but for those losing trades if anyone has any suggestions then feel free to add an indi or something to filter them out if possible. 

 

Just use when middle line is fairly flat. 

 

When it is flat even SD2 is fairly reliable - 3 is safer but if the MA is up or down 45 degrees or more it can lose easily. Or a news break etc.



#9 rotacaodigital

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Posted 05 November 2014 - 08:12 AM

Sometimes the price is several candles in the same direction, which would be a filter to remove these false entries?


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#10 tradesmart

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Posted 05 November 2014 - 10:29 AM

Thanks for your input on the strategy people. I'm not sure if any indicators could filter out losing trades, but to be honest losing trades have never really been a concern as they are very rare. The winning trades by far outnumber the losing trades. Maybe comedian has the answer with only trading it when middle line is flat. But I just trade any time a candle completely closes outside of the bband, I don't look at how price is acting or bother about news. Both corners of the candle have to be completely out of the bband and that's been good enough for me. But if anyone wants to try and test it with not trading when news is out and only trading when middle line is flat, please let us know on here your results. Thanks.
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#11 jlee425

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Posted 05 November 2014 - 11:34 AM

Whats your total ITM/OTM on this?



#12 kingofghosh07

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Posted 05 November 2014 - 11:44 AM

when you hit the trend, you are dead
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#13 tradesmart

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Posted 05 November 2014 - 12:14 PM

when you hit the trend, you are dead


Some days i get about 4 itm and 1 otm in a trading day. Most of days i get 100% itm with 2 or 3 trades.

Im not sure why you say that because i have traded it in trending markets and its ok. Make sure previous candle closes with both corners completely outside of 20 3 bollinger band
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#14 jlee425

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Posted 05 November 2014 - 12:20 PM

does it only work on eurusd?



#15 tradesmart

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Posted 05 November 2014 - 12:34 PM

does it only work on eurusd?


ive only ever traded it on Eur/Usd. I would imagine it does work on other currencies but ive only ever traded it on eur/usd.

#16 christianf

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Posted 05 November 2014 - 12:53 PM

the picture that you sent the candle does not close completely off the bollinger band , only the top shuts off , then , that the strategy ? no need to close the two sides off ? Thank you



#17 tradesmart

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Posted 05 November 2014 - 01:04 PM

the picture that you sent the candle does not close completely off the bollinger band , only the top shuts off , then , that the strategy ? no need to close the two sides off ? Thank you


Yes sorry maybe i didnt explain it properly. When i say completely close outside i just mean the top part of both corners need to close outside of the upper bband And bottom part of both corners when it hits the lower part of bband
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#18 rehan

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Posted 05 November 2014 - 06:47 PM

3wins 1draw, was supposed to be a win but went down by a pip in last second, at 59sec exactly lol. Thanks for the strategy.


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#19 swede

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Posted 05 November 2014 - 07:00 PM

Hi guys, today i want to explain to you the strategy i use for 60 second trading. I have read various different strategies on this site and other sites and tested many, but i believe the strategy i use is the best. Its very accurate and very simple, but you do need to be very patient as trades are very few in a day, but those trades that do come up are like i say "very accurate".

 

only one indicator is used: bollinger band set at period 20 and deviation 3.

 

we are looking for price to either move up to the upper bollinger band or down to the lower bollinger band and we need price to completely close outside of the bollinger band.

 

so if a bull candle closes completely outside of the upper bollinger band then we make a put trade on next candle

if a bear candle closes completely outside of the lower bollinger band we make a call trade on next candle.

 

please note, when i say completely close outside of bollinger band i mean both corners of the candle needs to be outside and away from the bollinger band. please look at screen shots.attachicon.gifEURUsd 2.png

 

 

 

 

often simple is better....the more lagging indicator, the more confusion as to entry....very smart tradesmart... :D


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#20 tommbstone

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Posted 06 November 2014 - 02:42 AM

this won't work in strong trending market.  I know a guy who martingaled it. Price kept going up and up on his 5m (you can guess what happend)

even m1 can have up to 10 candles.  I'm looking at 4 closed green now on AUD (london session)  outside of the bollinger bands.


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