I use this same setup and IMO setting the Bollinger Bands at 1.5 instead of the default 2 works better, especially when it's a strong move and it goes outside those, it tends to reverse very soon after.
i think for the 3 min I think it's 1.5 and -.5 for the bb% levels though just noticing it on the QQQs last few days really sweet with it touches those levels, (very similar to being a candle outside of the 2 standard deviations BB).....then u can use trend breaks and wait for that first 3min green upper wick heikenashi candle after all the red 3min heikenashis.... or when u see the 3min 1.5 or -5 bb% touches on 3 min.....you can switch back to the 1.5 bb% on th1 min and get in on the 1st candle that goes back inside the bollinger band was 2:39pm today on the QQQs 5/28/2024 yeah this works
noticed too when the nadaraya watson envelope slopes up on the 3min 5 min after 10 am I wait for that first U shape of the nadaraya watson enevelope ON THE 1 MINUTE and draw trend line and buy the break,,,can use bb% bottom line(0) cross for entry and use the 1 or 3 min watson envelope when it gets flat for exits for the calls Love that bb%
you manually have to draw it it' took me a little bit to figure it out myself but i don't even know how to get the cool green box lol only lines but still good!
@@brianahernofficial you just make rectangle in BB% SET UPS: GO TO SETTINGS OF RECTANGLE, COORDINATES #1 (PRICE, bar): 2, -1000 #2 (price, bar): 1,5, 1000 and the you only play with the colours. then you make second rectangle set ups #1 (PRICE, bar): -1,5, -1000 #2 (price, bar): -2, 1000
you just make rectangle in BB% SET UPS: GO TO SETTINGS OF RECTANGLE, COORDINATES #1 (PRICE, bar): 2, -1000 #2 (price, bar): 1,5, 1000 and the you only play with the colours. then you make second rectangle set ups #1 (PRICE, bar): -1,5, -1000 #2 (price, bar): -2, 1000
@Lyrana it's pretty great! It seems to work best with volatile stocks and tight ranges. The one issue that I ran into was during trend moves. You have to be lightning quick with scalps if you are going to do counter trend scalp. Other than that, it's pretty solid.
@@sampathyapabandara484 you just make 2 rectangles in BB% SET UPS: GO TO SETTINGS OF RECTANGLE, COORDINATES #1 (PRICE, bar): 2, -1000 #2 (price, bar): 1,5, 1000 and the you only play with the colours. then you make second rectangle set ups: #1 (PRICE, bar): -1,5, -1000 #2 (price, bar): -2, 1000
@@MVMTrader this video was very helpful and appreciate you actually replying! I subscribed and liked. I’ve used the bands before and would always enter when the candles were still on the outside.
you just make rectangle in BB% SET UPS: GO TO SETTINGS OF RECTANGLE, COORDINATES #1 (PRICE, bar): 2, -1000 #2 (price, bar): 1,5, 1000 and the you only play with the colours. then you make second rectangle set ups #1 (PRICE, bar): -1,5, -1000 #2 (price, bar): -2, 1000
Thank you for this video. However can you show us a 100 backtest of this strategy? I have backtested already and it looks fairly good but I need further confirmation before using it. Thank you anyways.
ofc. Market is fractal, this is some trading approach, you need to the work to test it if its work to your style and understanding :) green line is my drawings so I can visualize it better, you can do the same or if you know pinescript you can code own indicator
I won't make video testing it, but I'll add it to the excel sheet I'm working on (will make a video relate to it and one version of sheet will be shared on discord)
I use BB%B but no matter how I set up or whatever timefrema, but always seems to be better with default settings (20/2) or 20/1 or 20/1.5. In my opinion 200/1 BB%B is totally full of unnecesary noise and "out of the lines".
yes, it can be. Using overall indicators is unnecessary. Changing settings like this can help you to build an overall narrative but you should always use any kind of indicator as a confluence/confirmation. Price action always comes first.
How do you people make all this profit im using bollinger bands 20,2 stochastic oscillator 5,3,3 an im trading Crude Oil my trade time is 20sec candles appear every 15secs. I seriously need some help there are people who make 20K a day doing this everyone has to start somewhere. are you using some kind of signal??? I have no interest in paying someone to trade 4 me I want to learn the skill set
The problem with this video is that you keep changing the rules as you go along. It is easy to see what to do when you are able to look ahead on a chart and see what the price will do. If you want to do an accurate video, you should use the replay feature on the chart and move it back in time and show how you take the signals in real time
there are 2 problems: 1) people copy paste everything without even thinking - I share this with a few friends, they did the work to test it and they got a profitable system and viewers should do the same 2) price is random and the past doesn't repeat - you can collect enormous databases and have the holy grail on paper but reality would be different because nobody predicts the market. So I shared the basics behind concept, I got limited time recording videos.
Ultimate Trading Journal Template is available: bit.ly/TECTradingJournal
- if you have ideas for updates, let me know!
I use this same setup and IMO setting the Bollinger Bands at 1.5 instead of the default 2 works better, especially when it's a strong move and it goes outside those, it tends to reverse very soon after.
Now this is a practical way of scalping the market
Extremely helpful, thank you.
wow this is exactly what i'm looking for thanks DT! subbed.
Fantastic, thank you very much Sir for this enlightenment
This looks amazing!!!!! Bollingers are goat with struchaaaaa and algos. Amazing strategy
how do I draw the lines for BB%?
edit : I mean how do you color it in green? I can only draw the lines
i think for the 3 min I think it's 1.5 and -.5 for the bb% levels though just noticing it on the QQQs last few days really sweet with it touches those levels, (very similar to being a candle outside of the 2 standard deviations BB).....then u can use trend breaks and wait for that first 3min green upper wick heikenashi candle after all the red 3min heikenashis.... or when u see the 3min 1.5 or -5 bb% touches on 3 min.....you can switch back to the 1.5 bb% on th1 min and get in on the 1st candle that goes back inside the bollinger band was 2:39pm today on the QQQs 5/28/2024 yeah this works
noticed too when the nadaraya watson envelope slopes up on the 3min 5 min after 10 am I wait for that first U shape of the nadaraya watson enevelope ON THE 1 MINUTE and draw trend line and buy the break,,,can use bb% bottom line(0) cross for entry and use the 1 or 3 min watson envelope when it gets flat for exits for the calls Love that bb%
How did you add the upper and lower green box in the BB %B section?
Thank you, my BB % doesn't display the green line above / below and I cannot see the high/ low zones , how to ?
you manually have to draw it it' took me a little bit to figure it out myself but i don't even know how to get the cool green box lol only lines but still good!
@@brianahernofficial you just make rectangle in BB%
SET UPS: GO TO SETTINGS OF RECTANGLE, COORDINATES
#1 (PRICE, bar): 2, -1000
#2 (price, bar): 1,5, 1000
and the you only play with the colours.
then you make second rectangle set ups
#1 (PRICE, bar): -1,5, -1000
#2 (price, bar): -2, 1000
you just make rectangle in BB%
SET UPS: GO TO SETTINGS OF RECTANGLE, COORDINATES
#1 (PRICE, bar): 2, -1000
#2 (price, bar): 1,5, 1000
and the you only play with the colours.
then you make second rectangle set ups
#1 (PRICE, bar): -1,5, -1000
#2 (price, bar): -2, 1000
@@kikinavin Oh snap i manually drew it in hahaha thanks Kris for correcting me
use the 'parallel channels' drawing tool
Thanks. Very interesting strategy. Will proceed to code it and see how it goes "automated"
A year later Mario 🎉.. so how did it go... U winning ?? ✍️🤑
@@MariahNaidoo I hope so 🤑🤑🤑
How do u adjust the second window?
Thank a lot! Hope you can modify the figures again.
Thanks man. I haven't been using this for long, but it's been fantastic.
@Bismark the Shark how's it going now?
@Lyrana it's pretty great! It seems to work best with volatile stocks and tight ranges.
The one issue that I ran into was during trend moves. You have to be lightning quick with scalps if you are going to do counter trend scalp. Other than that, it's pretty solid.
thank you, im look ing at qqq and the COIN pop today and it looks amazing, ill also come back and lyk how good it is
Excellent clarity bro ❤️👏👏
Thanks bro, im using it now. Good results on backtesting
thanks, glad you find that helpful!
@@MVMTrader I want to know, Bollinger Band, BB, how to make both top and bottom lines
@@sampathyapabandara484
you just make 2 rectangles in BB%
SET UPS: GO TO SETTINGS OF RECTANGLE, COORDINATES
#1 (PRICE, bar): 2, -1000
#2 (price, bar): 1,5, 1000
and the you only play with the colours.
then you make second rectangle set ups:
#1 (PRICE, bar): -1,5, -1000
#2 (price, bar): -2, 1000
I want this rsi or i don't what it name settings for 5min please
nice strategy, congratulations
So the market is fractal. But can the bollinger bands be on 20 period and maybe set closer TPs and when to know when to hold longer?
Sure, you can tweak it to your liking! This is just some basic idea you can test. There are so many things you can use and make it even better.
@@MVMTrader this video was very helpful and appreciate you actually replying! I subscribed and liked. I’ve used the bands before and would always enter when the candles were still on the outside.
Remain discipline. Wait for close INSIDE and for your rsi/stoch indicator to show a match with price. You will more than likely win more than lose
where do you put the TP or how do you exit?
this is a framework, it's up to you how you take it. Usually, I found a sweet spot between 1.5-3R
Nice video. I don't sow to set up my Bollinger %b they way yours looked. Maybe yours is an older version?
no I just customize it, its same like current version
you just make rectangle in BB%
SET UPS: GO TO SETTINGS OF RECTANGLE, COORDINATES
#1 (PRICE, bar): 2, -1000
#2 (price, bar): 1,5, 1000
and the you only play with the colours.
then you make second rectangle set ups
#1 (PRICE, bar): -1,5, -1000
#2 (price, bar): -2, 1000
How do you fix this setting on mt5
Hi conf rsi?
Thank you
Thank you for this video. However can you show us a 100 backtest of this strategy? I have backtested already and it looks fairly good but I need further confirmation before using it. Thank you anyways.
Tnx bro!! More of this plzz..
thanks appreciate it. Ill work on more content
By the way, if we want to apply this strategy to other timeframe, like 5mn or 15 mn, is it ok too ? thank you
ofc. Market is fractal, this is some trading approach, you need to the work to test it if its work to your style and understanding :) green line is my drawings so I can visualize it better, you can do the same or if you know pinescript you can code own indicator
hey can you test 100 times with fix rr
I won't make video testing it, but I'll add it to the excel sheet I'm working on (will make a video relate to it and one version of sheet will be shared on discord)
I use BB%B but no matter how I set up or whatever timefrema, but always seems to be better with default settings (20/2) or 20/1 or 20/1.5.
In my opinion 200/1 BB%B is totally full of unnecesary noise and "out of the lines".
yes, it can be. Using overall indicators is unnecessary. Changing settings like this can help you to build an overall narrative but you should always use any kind of indicator as a confluence/confirmation. Price action always comes first.
Thanka bro
great strategy!
thanks!
Very good, if you use it correctly you will make money 😜
John Bollinger is an extremely intelligent, so of course the Bollinger band works, if used correctly,
yes he is indeed.
5 minutes setup please?
principle remains same
Try adding Bollinger band V2 [super trend] by nomadandtrader
ant test 100 times with tp an the tuch an the other ban
top!!
thanks again :)
How do you people make all this profit im using bollinger bands 20,2 stochastic oscillator 5,3,3 an im trading Crude Oil my trade time is 20sec candles appear every 15secs. I seriously need some help there are people who make 20K a day doing this everyone has to start somewhere.
are you using some kind of signal???
I have no interest in paying someone to trade 4 me I want to learn the skill set
This is probably the least clear and messiest explanation I heard.
Good one, 25% similar to my strategy
Im from sri lanka
Cool, sending greetings to Sri Lanka! One of my country on travel list :D
Add the Money Flow Index to this and make a video (scalping) in one minute
The problem with this video is that you keep changing the rules as you go along. It is easy to see what to do when you are able to look ahead on a chart and see what the price will do. If you want to do an accurate video, you should use the replay feature on the chart and move it back in time and show how you take the signals in real time
there are 2 problems:
1) people copy paste everything without even thinking - I share this with a few friends, they did the work to test it and they got a profitable system and viewers should do the same
2) price is random and the past doesn't repeat - you can collect enormous databases and have the holy grail on paper but reality would be different because nobody predicts the market. So I shared the basics behind concept, I got limited time recording videos.
Yes. No clear rules and not backtested fully. Fitting to make it look good
It gives a lot of false signals
Cherry picked , it's much different in real time. Remeber anyone can go back on a chart and make a start look perfect .
Too much "technically"😂
technically you right haha