Bollinger Stochastic Strategy (C#)

Bollinger Stochastic pairs Bollinger Bands with the stochastic oscillator to identify overextended moves. Price touching the outer band while the oscillator is in an extreme zone suggests a possible snap back. The system fades those extremes, going long when price hits the lower band with stochastic oversold, and shorting the upper band with stochastic overbought. A percent-based stop limits risk if the mean reversion fails to occur.

• Entry Criteria: indicator signal

• Long/Short: Both

• Exit Criteria: stop-loss or opposite signal

• Stops: Yes, percent based

• Default Values:

• CandleType = 15 minute

• StopLoss = 2% [*]Filters:

• Category: Mean reversion

• Direction: Both

• Indicators: Bollinger Bands, Stochastic

• Stops: Yes

• Complexity: Intermediate

• Timeframe: Intraday

• Seasonality: No

• Neural networks: No

• Divergence: No

• Risk level: Medium