March 2015 - the first month of my participation in Dukaskopi contests. In the month the market situation in the euro-dollar was favorable to my strategy - intraday trends were clear - first big drop in the euro, then pronounced correction. Strategy ended March with a balance of $ 604,000, showing the second result. At the time of this writing strategy is leading the competition in April with a balance of $ 239,000.
The strategy is quite versatile and completely suitable only in a volatile sideways movement when the intraday sharp jumps up and down creating false signals to buy or sell and then change direction. This is trend strategy and is based on the Bolinger Bands indicator.
Bollinger Bands indicator with shift
A distinctive feature of the Bollinger Bands indicator is its variable width due to the volatility of prices. In periods of considerable price changes (i.e. of high volatility) the bands widen leaving a lot of room to the prices to move in. During standstill periods, or the periods of low volatility the band contracts keeping the prices within their limits.The following traits are particular to the Bollinger Band:[list=1][/list]…
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