Bollinger Band with Fib Golden Ratio (0.618)This startegy uses Fib level (0.618) of Bollinger Band for long entry. I find this is the only strategy which gives similar results on the different time frames. I have tested QQQ for 1H, 2H , 3H and 4H charts , all showed over 70% winning rate.
BB settings 50 , mult 1.5 (or you can use 2.5 or 3 )
Note: for the basis I have used VWMA instead of SMA .
BUY
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ema 50 is above ema 200
when the price close or low touches BB50(Fib0.615) lower band
Exit
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when the price crossover BB50(Fib0.615) upper band
Stop Loss
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Stop oss set to 5% , configurable
Strategy works similar to mean reversion style. When it touches the lower bans (which 0.615 level of the BB50) , it bounces from there.
Warning
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This strategy is for educational purposes only. Please do your own reserach for trading decissions.
