Bollinger Band + RSI Trading Strategy Tested 100 Times - Full Results
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- Опубликовано: 23 сен 2024
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Guys this was a PAID FOR strategy sold by a claimed south African "trader". Imagine the shitty type of person selling this to people.
Aha I already can guess this strategy sucks so bad even before you tested it out, good video.
Its the only way this would be profitable!
😂
Sry, but if i hear this situation i cant help but think of the nigerian prince scam, and anyone who is dumb enought to fall for shit like this has only themselves to blame
.
@@itscyphertrading8706 Well I'm sure the person who bought it was a beginner and I'm sure it was sold and marketed as a great strategy so I wouldn't say it is justified to scam people just because you can
I've been using this strategy quiet sometime on M1/M5 gold scalping.however i have more complex but higher in accuracy.
Here is my setting:
Bollinger band period 50.dev 2000(blue)
Bollinger band period 100.dev 2000(yellow)
RSI (14) level
RSI (2) level 5 and 95.
stoch 5.3.3 level 20 and 80.
In my strategy,i tend to entry BEFORE candle goes in both bollinger band,so i have more pips to catch.
Rule to entry
Buy when price goes out of both low BB,both RSI hit low level then wait for cross stoch at oversold level to entry.
Sell when price goes out of both upper BB,both RSI hit upper level then wait for cross stoch at overbought level to entry.
Take pips on M1 5-10 pips.
Stoploss on M1 5pips
Take profit on M5 10-20 pips
Stoploss on M5 10 pips.
Remember to entry ONLY if price goes out of both BB.
If it doesn't, it may be a fake signal.
Thats The reason why i'm using 2 bollinger band,to eliminate fake signal.
Good luck
I've tested this using RSI(14) with just a close beyond 30/70 on M15 and initially it showed a ridiculously big profit factor, 8 I think it was.
Then I added a stoploss of 20 pips and takeprofit of 30 pips.
The profit factor then dropped to 1.5 with that risk management, but only after I adding two more rules.
1. If the bands were tight 3 bars ago from the signal bar ie. bands less than 20 pips wide then no trade. (not volatile enough)
2. If any candle was greater than 20 pips outside the band then no trade (too volatile)
The last two rules saved an even lower PF than 1.5
The test was conducted on the EURUSD over the last 10 weeks.
Have you tried applying the 200ema rule to account for trend? Above -> long; Below -> short. I think would help filter out taking long positions when downtrending and vice versa. Would really love to see the backtest again with this applied.
This channel will reach the top!!! Just dont change your style man your content is awesome i hope you dont change when you get more subscribers like most youtubers do❤
The idea with Patreon sounds nice!
First up, thanks for putting out such great info and value in your videos. I’ve learned so much from watching and analysing these strategies (both the good AND bad ones), including the mindset and psychology aspects. The fact that you’re not one of these typical slimy salesmen, selling a paid course telling me how to read a candlestick chart for $500, sits well with me. And so many videos I’ve watched recently have taken like 12 minutes to actually get down to the strategy and tell me how the hell I can even turn a dollar using it (if, indeed, we even can), whereas here on this channel, it’s always sharp and to the point.
We get the cold, hard truth here, which I and many others appreciate more. Keep up the great work. I'll definitely be considering Patreon support.
Thank you so much for your time and work put into your videos. It’s sooo nice to hear a real person talking instead of a robot’s voice doing trade analysis. I’m definitely willing to support you and hopefully help your situation with the wifey 😂 Keep the vids coming please.
1, 3, and 5 mins timeframes preferred for me and many traders I know to get more trades in as daytraders. Thanks 👍
Good video shows that Bollinger bands are just a plus and play. There is a great presentation on Bollinger bands by John Bollinger himself. Using just an rsi isn't enough to use the band's for short term trades the b% and bandwidth is also needed.
Go for patreon 👍 I didn't expect the strat to perform that bad though, but yeah the fact that the sl tends to be bigger than the tp is usually a bad sign anyway! Good bid keep it up
I do appreciate you going through all these trades. My main comment would be, when trading on smaller TFs, I NEVER trade off hours. Meaning NY noon, thru LO. Those times would really screw up almost any strategy, when looking for short term gains. i.e.: 5,10,20 pips.
To test this strategy, for 100 trades, would then take much longer. Maybe have a look at H4, or even H1.
I think you have a good work ethic, and would consider supporting you on Patreon. Thanks
Hey, I love what u do. Patreon would be good. I am constantly having ideas on strategies, but only know how to manually back test. I would gladly pay u to test them for me.
Again great work as always my man🙌🏻 💪🏻yes patreon would be a great idea or even a trade pro hedge fund😂😂 and an idea for a series there is this one channel called secret mindset and he has a lot of strategies that are very interesting, one would be the pivot point with acc/dis (if u test it maybe with 5 min chart ;)) i think its his first vid, but yeah would be great to see u testing his strategies🙌🏻👌🏻
I think patreon is a good route for anyone wanting to actually get their stuff on the channel.
Still watching the vid but didn't wanna loose my train of thought so I'll comment again on the strat when I finish watching LoL
Why can't you make a course on the stretagy you use, so that you can make some income for your hard work. Just don't over price it so that people won't view you as guru.
But 80 dollar course won't hurt anyone lol. But for now I like your approach we will surely donate.
What if you just don't do the second profit, only do trades that start at bottom or top od bands NOT in the middle, that will be much better
As I mentioned in the email, I vote both for patreon subscription and some special offers/ tactics you can/want to sell.
As for the patreon, maybe someone would suggest strategies you want to test on the channel -- everyone would benefit from it when you post results on the channel.
As for paid stuff I'm sure all sane subscribers understand you are not an African scammer so you won't sell anything which does not work.
And yeah, haters gonna hate no matter what you choose to do, man. 😉
When I saw this one I knew it was going to take you a longtime to backtest. I just did it myself last week.
I think I'm going to try and tweak this strategy. Then again I almost never use Bollinger bands this way
Hey bro it’s a good thing with the honesty and trying to create the balance as as happy wife is a happy life and more props for that. The patroon idea is not a bad one but it most likely won’t be for everyone however it’s a good idea. Is this a book or pdf document? could I have a copy please to further my reading and research ? Much appreciated bro
Please make a vid where you try the FTMO challenge with your best hidden divergence strat that u uploaded
The secret is that this strategy is engineered to only work for South African traders. There are some exceptions to the rule... Would you like to learn more? Send me a PM
Just playing man lol. Start up that Patreon so we can start supporting your efforts on RUclips already! We appreciate all the quality content🙏🏽💯
Patreon would be good, like your videos and approach very much! Thanks.
this is hard work and an honest work. be proud. thanks for the tips man.
When will close trades to use stratergy.
So much work for us.
THX. (
Dude good day!! Do you know where do can I find that PDF ?? Please
Hi. Would you inform me of where to do backtest?
Hey, newbie here. Is it recommendable to trade and apply specific strategy in different market pairs or concentrate in few or just a single pair?
I'd stick with the majors, nothing with a huge spread. Normally the main thing that will cause a strategy to do well isnt the pair itself but whether or not the pair is trending or ranging so I'd more so worry about identifying a good trend to trade rather than a specific pair. Each pair will have trending times and ranging times so the best thing to do is trade pairs that are trending and stay away from more choppy ranging conditions
I will 100% support you if you get a patron I don’t have much right now but thanks to you that’s slowly changing 😎
You made a mistake explaining the strategy at 9:58. Its no buy at 9:59 bcuz the body is not inside the bollinger bands.
Perhaps do a trade signals group.
@Trade Pro Sir Can you able to share that pdf with us please
I'm sure you have a profitable system. You could set up a signal subscription ("trading group" some people call it). People pay you monthly for your set-ups. I've seen other people do this. Just don't shill referral links and use click bait in your titles/thumbnails:) That said, it means you constantly have to hunt for set ups.
I've had maybe 6 offers from trading related companies with referral links but they literally wont let me tell the truth about their exchange or service so that has been a nope. I'm leaning towards the patreon since with a signals group that takes away a lot of the time I would need to make good channel content and other signal groups claim such insane returns I can't compete with my realistic trading returns and inability to blatantly lie lol
this is a great example of why I don't pay for strategies
Appreciate your work man❤️
Good video👍 And patreon seems like a good idea💡
Can you also make a Cash app or mobile pay, so we can donate that way?
I’m strictly RUclips lol
First time I'm viewing your videos. No problem with people starting a patreon for extra cash. You may want to consider how that could damage your reputation, in that it could indicate that your not successful at trading.
i thank you. So, RSI + BB = aproximate TDI indicator. by the way, please test the TDI indicator -100x
Regarding the monetisation...
The first thing I’d say is I take my hat off to you for approaching your audience with this and your up-front message on WHY you’re doing this. You’re most definitely NOT a slimey salesman!
I’d also say that remember to focus on your WHY and let that drive how you shape your RUclips channel. Don’t be completely swayed by your audience. If you’re doing this for you and your wife, your goal is to make your lives better, and if you make your audience’s life better as a result, then so be it.
People need to accept that RUclipsrs don’t just do things for free and they need to get over it! I’d counter your comment on RUclips ads not paying a lot of money. They might not right now, but remember that your account is really small still, comparatively! Have you shown your channel growth to your wife? Look at the % increases and extrapolate that and show her how much chocolate that could bring her lol.
Regarding Patreon... I was really disappointed when another channel “sold themselves” out with an ulterior motive for selling their product when they said that be aware of anyone that does that. That’s what attracted me to your channel the most; an honesty of just wanting to provide people with tools to “make it” in Forex, but also being completely above board with your information and content.
I’m really pleased you’ve mentioned Patreon for getting your subscribers’ voices heard rather than as a gateway to more information. I think that’s a completely fair way to monetise your channel further without deviating from your original message. It’s just like Twitch streamers who set up a bit donation for a message to get heard. Otherwise, you’re flooded with requests and demands, without any clear indicator of where to start. With Patreon, it’ll make you easier to prioritise those subs who are more committed to your cause.
Anyway, sorry for the long post!!
PS. Great video again, despite the crappy result
PPS. Keep it up!
I love the long in depth reply! Thanks for your thoughts on the matter. I'd love to be able to spend a lot of time creating better consistent content whether it's made possible by RUclips ad revenue or patreon. The current ftmo challenge hasn't gotten a fair shot because I cant trade on it at the best times of day and same thing with the small account challenge. I appreciate the understanding, the last thing I want is for people to not have access to all the content because of a pay wall! Instead I would use it as a way to give everyone better content.
@@tradepro The challenges (FTMO + small account) are what's going to make your audience drool the most I reckon because it's the closest they'll see to live trading without you giving away your strategies (which you clearly haven't done for obvious reasons, and I don't think you should do that anyway). But, if you can't dedicate the time for those, don't beat yourself up!
The x100 strategy tests and you ranking them is gold content enough for people to go off and optimize and backtest.
For example, I've gotten the MACD + 200 EMA strategy up to a 70% win rate without overoptimizing to fit. It would pass the FTMO challenge with flying colours but I just need to gather a bit more data. That's all thanks to the content you've put out!
@@xlerosbifx Thanks for your awesome inputs! I've tried to show the concepts used in my personal trading without giving a definitive "optimized" system so that people take the ideas and put together something that is at least somewhat their own. I believe it's extremely important for each person to fully understand their own way of trading and what to expect from it. That means they took the time to do some personalization and optimizing. A lot of trading failure stems from expectations so its important that each person take the time to understand what can be expected from their trading system by doing a lot of the work themselves and therefore gaining trust in the system through that process.
@@tradepro This!! ^^^
Always make the wife happy. If I was a neighbor I’d be stopping by with a box of chocolates once a week lol. But until then patreon 👍
I think Patreon is a good route. tnx for the vids
Awesome brother please do the ftmo that would be great
How do we find you on patreon?
I will update once it goes live! Not quite ready yet
Lol 😂 thank you man.
Can you please test japanese forex trader kei strategy? I think his ichimoku strategy is very good.
We love you trade pro
Appreciate it!
Been married over 25 years. Don't piss her off too much! Patreon is a good idea. You could share some of your trading 'secrets' with your patreon subscribers that you don't put in your public videos.
And yes for all of us to benefits can you please hurry put up the patreon
This is a Superb strategy ... but only for Billionaires who want to become Millionaires.
By the way, you know your stuff, only right to make it pay, Thanks
You can’t just use lagging indicators
Try it again with a 200 period EMA
This strategy if is used in opposite way, the losses would be 29 cases, as it was the first target met, but gains would be 54 cases. So this strategy executed in opposite way would make 65% gains vs 35% losses. Something to think about. ! LOL !
What is an email I can reach you at?
Would be willing to help on patreon
I am in for being a patron.
Patreon is a good deal. I'm down.
Why is their a stochastic on the pdf chart as well?
That was for another strategy they were about to explain!
i think if u follow the trend it will be better
Send my greeting to your wife . Tell her that you're really helping us.
Ok so once again I've created my own Bollinger bands strat that I actually used for a couple months. This strat is complete crap because it's hardly ever a good thing to use the middle and outer bands as targets because of how the Bollinger bands work. Also the Bollinger bands strat I created only uses 1h because all other timeframes don't respect it enough.
I should really send you my strats through email because I've done a ton of work on creating strategies.
tradepro135@gmail.com I'm happy to do videos on them
@@tradepro I'll start putting some together
@@tradepro I sent an email this morning. It's the Bollinger bands strat that I no longer use but it's still a decent strat
Maybe a 200 ema would be a good things
You will NOT learn a PROFITABLE strategy here. So you may skip watching this video unless you are looking for backtesting results of a LOSING strategy.
Another great video. Shame about the strategy though.
I think they way you have it it is a great ideer everyone should be happy about this it is free to pay or not and they with requests will maybe pay thats good. Only one thing if you was serious about this i hope the chocklade just make it so you wont have problem with wife. if you do you need to get her into a hobby for her that she can spend time with as you are here or you involve her here so she maybe thinks this is intresting or the last option you cutting down time here and just do really quality videos and sve yourself from a divorce :) now am gonna watch the video
To much talking...!!
Sorry normally I dont have any talking before this was the first time ever just to get the opinions of the subs!
@@tradepro Don't apologise!!!! It was a really important point you addressed. Ignore the haters