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.
- 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