[smartretailtrading] Bollinger Daytrader cBot

This is the “Bollinger Daytrader cBot”.

This robot can be optimized/adapted for all markets. It offers, in addition to the basic trading strategy, a variety of filters that allow yout to improve the performances of the robot. The optimization depends on the market, the broker, your conditions, the risk tolerance, etc. Therefore, we present here a robot with which you can flexibly adjust a bollinger strategy you can adjust for swingtrading, daytrading and scalping . We do not prescribe or recommend any settings. An optimization is mandatory before this robot can be used.

Here is a “backtest only” version of the cBot for testing and optimization:

https://smartretailtrading.com/bollinger-daytrader-cbot/

Here is the annoucement of our 1 Million project: Project: From 1000€ to 1€ million in 10 years with algorithmic trading - Smart Retail Trading

Strategy

This strategy works long and short. It is also a good strategy for market phases with missing trend.

• It uses Bollinger Bands for entry/exit signals.

This type of strategy works even good for not trending markets. To make it more robust we have a lot of filters for you:

• ATR – you shouldn’t trade if the volatility is to high
• ADX – shows you if the market is trending
• higher timeframe Slow EMA and higher timeframe Fast EMA. So you can choose to trade in higher timeframe trend direction only.
• Trading time filter
  • choose the days of a week you want to trade
  • choose the hours you want to trade

Risk management with …

• fixed SL and TP or with dynamic SL and TP based on the lows of the last x bars combined with ATR.
• Stochastic – you can use it for advanced taking profit.
• Trailing SL and break even is also possible (we recommend to use only one of them).
• Money management you can choose lot size or percentage of balance.
• Stop trading if drawdown reaches a limit.
• use pending orders.
• close trades after x bars.

Backtesting results

This is only an example for an instance (GER40.CASH). Please do your own testing and optimization!

The optimization was done with minute data from 12/2022 to 07/2023 with a FTMO account.

The results depend on your broker and the money management.

Quantity : 1 % of Balance–> ~+12% and ~2,3% equity drawdown with Tick data from 12/2022 to 07/2023 with a FTMO swing account.

Further informations please visit https://smartretailtrading.com/ or write an email to: info@smartretailtrading.com.