Hello ambitious traders,
I'm working a project that trades on the over bought/ undersold values of the Bollinger band. I'm placing orders when the price exceeds the bands.
I've read and I've confirmed for myself that in fact the price stays in the bollinger bands 95% of the time and the other 5% of the time its making me money.
we know that 95% of people fail and 5% suceed. Its kind of ironic i guess.
Whether there is another EA out there that already does this or not is where the experts come in. So please help me out and add any comments, links or an EA that trades in this manner.
I'm probably going to build one from scratch that fits my strategy. I have my own specific enter and exit conditions and money management guidelines.
My preference would be to buy above the mid band and sell below the mid band? can you advise how to code it?
i hope you get through with this. unfortunately i dont know how to progarm EAs, if you make any head way with this project please let us know.
you can googling it for bollinger band EA ,yes it's good system I think