Bollinger Breakout and Reversal Strat

This strategy is centered around the frequently observed market behavior of price either consolidating (bouncing between the Bollinger bands) or breaking out into a new trend (climbing the Bollinger bands). But instead of utilizing standard Bollinger Bands it instead uses exponentially calculated and derived standard deviation bands which are much better suited to identifying market moves than the traditional Bollinger bands.

Additionally the strategy uses unique Multi-Timeframe trend, volatility and momentum filters to only trade signals in well-defined periods of market consolidation from where the best price action based breakout and reversal signals can be found.

I have personally tested this strategy live over the last couple of months with excellent results (see screenshot in gallery). The strategy has specifically been developed in such a way as to avoid the usual hurdles associated with curve-fitting and over optimization. It follows time-proven trading principles of stringent risk management and trend following combined with leading edge price-action triggers.

I am a professional ProRealTime developer with 4+ years experience in creating and coding ProRealTime strategies.

You can view my PRC profile here: https://www.prorealcode.com/user/juanj/

Strategy Features:

• Once-off cost with no yearly fees!
• Time Zone: The strategy is by default configured for UTC +2 time zone. If you are in a different time zone please enter your UTC time zone on line 11 of the strategy
• Built-in Risk Management (configurable)
• Built-in Position Management (configurable)
• Account and Drawdown Protection (configurable)

Requirements:

• Minimum Recommended Account Size: $2500 (Covers Margin and Risk)
• Account Type: IG Standard International Account
• Market: EURUSD 1H