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Range Trading – Using Bollinger Bands with ADX for sideways movement

Range Trading – Using Bollinger Bands with ADX for sideways movement

Algorithm

If Price ( ) CrossesAbove BollingerBands ( 20, 3, “lower” ) And ADX ( 14, “ADX” ) < 20 Buy

If Price ( ) CrossesBelow BollingerBands ( 20, 3, “upper” ) And ADX ( 14, “ADX” ) < 20 Sell

If Price ( ) CrossesBelow BollingerBands ( 20, 3, “lower” ) CloseSell

If Price ( ) CrossesAbove BollingerBands ( 20, 3, “upper” ) CloseBuy

Strategy Settings

Currency Pairs: EURUSD 

Candle Period: 15 Mins

Strategy Draw Down: 500 PIPS 

Trade Stop Loss: 82.5 PIPS 

Strategy Take Profit: 50000 PIPS 

Trade Take Profit: 250 PIPS

Strategy in Tekton

Please note that these example strategies are purely for educational purposes and should not be considered as being recommended for you to use or as if 2Ring Markets or any of its officer’s is providing advice.  The purpose of supplying our clients with example strategies is to ensure they can become acclimatised to using the Tekton software and develop their own strategies and trading plans so as to meet their personal investment profile. 

Once you have created your own trading plan you can then fine tune it to your satisfaction following a number of historical tests until you feel confident of trading them live. Past performance is not an indication of future results. 

2Ring Markets will be setting up a forum in the coming weeks, for you to discuss your algo trading ideas and sharing you experiences with your fellow traders.