OPEN-SOURCE SCRIPT
Bollinger Fanboy v4.0
Set spread value from your broker, eg my broker has a spread of 0.0003 for EURUSD. You can set your required profit ratio eg 1.5 means risk 1 to win 1.5. Enter if price crosses orange (or set a buy stop order or sell limit order) and set stoploss at red and take profit at green. Setup lasts for 20 bars. If it doesn't cross the orange in that time, forget it. Long if red is below orange, short if red is above orange. Recommended to be used on 4H, D, W charts only. Use at your own risk. I cannot be held liable for any damages financial or otherwise, directly or indirectly related to using this script and trading strategy.
Copyright 2014 Michael Edwards (info@bollingerfanboy.com)
bollingerfanboy.com
Copyright 2014 Michael Edwards (info@bollingerfanboy.com)
bollingerfanboy.com
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.