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Trading based on Boillinger Lower Band position on defined Market
With this simple script you can control your trading via instrument position outside lower Bollinger Band.If is instrument above its lower Boillinger Band trading is enabled , if is instrument below its Bolilinger Band, trading is disabled.
Fields:
BB Lower Period: Boillinger Band period
Stddev: Value od standard deviation
Instrument: Choose instrument
Example: SPY
BBtype: Type of Moving Average
Example: _MaSma, _MaKama
You can optimize all variables.
Hint: With this script you can control your strategy via its equity line. Save backtested equity line as a instrument, then put this new instrument into this MM Object (Field: Instrument). This approach can decrease your trading risk.
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
