Bollinger Band Breakout Strategy

أمس

This is a strategy script that can be used to trade the stock market or in some cases the crypto market.

• It is a BB (Bollinger Band) Breakout Strategy that has a 3:1 standard deviation between the upper band and lower band. It also consists of a 100 day MA in the middle of the two BBs (Bollinger Bands).
  

• The strategy is useful in detecting longer term trends and does it through a breakout above the upper band. The lower band is used to stop-out trades.
  

• The main disadvantage of this strategy is the large DD (draw downs), so it might be useful to use other methods for stopping out trades.