Multi-Timeframe Bollinger Bands Strategy

Applies Bollinger Bands on both a primary and a higher timeframe. Trades when price pierces the higher timeframe bands and optionally filters entries with a long-term moving average. The goal is to fade extremes against the broader trend.

The strategy supports both long and short positions. A stop-loss percentage can be enabled for risk management. Using multiple timeframes helps to avoid trades against dominant market structure.

Details

• Entry Criteria:
  • Long: Close below the higher timeframe lower band and above the MA filter (if enabled).
  • Short: Close above the higher timeframe upper band and below the MA filter (if enabled).
• Exit Criteria:
  • Long: Price closes above the current timeframe upper band.
  • Short: Price closes below the current timeframe lower band.
• Indicators:
  • Bollinger Bands on two timeframes (length 20, multiplier 2)
  • Optional EMA filter (period 200)
• Stops: Optional stop-loss via StartProtection (% based).
• Default Values:
  • BBLength = 20
  • BBMultiplier = 2.0
  • UseMaFilter = False
  • MaLength = 200
  • SLPercent = 2
• Filters:
  • Counter-trend with MTF context
  • Timeframe: main 5m, MTF 60m by default
  • Indicators: Bollinger Bands, EMA
  • Stops: optional
  • Complexity: Moderate