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Rean
Posts: 105
Joined: 8/30/2013
Location: Johannesburg, South Africa
 User Profile |
Is there a way that the standard Bollinger Band Crossover system can be modified to fire long when price closes above the upper band, or short when price closes below the lower band. I have Omnitrader 2022 RT (not pro).
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Barry Cohen
Posts: 6338
Joined: 1/19/2004
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These are the conditions you're wanting. You can either make an OL system that does this (would require Pro though & it's probably easy to make this) or you can add a filter in a strategy that only passes signals if it meets these conditions. There's a strategy template called "Filter by Indicator" you can use for that. It's a selection when you create a new strategy from scratch.
Long: C > BOL_UPPER(13,2)
Short: C < BOL_LOWER(13,2)
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Rean
Posts: 105
Joined: 8/30/2013
Location: Johannesburg, South Africa
User Profile |
Thanks Barry, it works well.
I updated the filter slightly so that it only fires when actually crossing the bands.
Long
C[1] < BOL_UPPER(20,1) and C > BOL_UPPER(20,1)
Short
C[1] > BOL_LOWER(20,1) and C < BOL_LOWER(20,1)
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