Interesting overview relevant with Bollinger Bands Explained, Forex Indicators, Future Price Movement, Forex Market, and Bollinger Bands Uptrends Strategy, I risked Keltner Channel Trading Strategy 100 TIMES and here's what happened… Forex Day Trading.
Keltner Channel Trading Strategy tested 100 Times to see if it makes money in the Stock Market and Forex Day Trading It is similar and better than Bollinger Bands Indicator in some cases
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What’s the win rate of the Keltner Channels indicator that actually looks better than the Bollinger Bands indicator? In this video, I’m going to test the Keltner Channels Trading Strategy 100 times that I talked about in the previous video, to find its win rate and compare it with other strategies we have tested so far, and to see if it actually makes money or not. Also, in this video, I have improved the Keltner Channels Strategy a bit more, because while backtesting, I found out that, instead of taking buy signals at the first candle that crosses and closes above the upper Keltner Channels Band, it is better to take a long position when a candle opens and closes completely above the upper Band. And instead of selling when the first candle crosses and closes below the lower Keltner Channels Band, it is better to take a short position when the candle completely opens and closes below the lower Band. By doing this, you will filter some of the false signals that appear in a choppy market.
Keltner Channels was one of the most interesting indicators I have tested on the Trading Rush Channel, you will see why in a moment. At the start, when the price was in an uptrend, it won 10 trades in a row. It not only won multiple trades in a row but also lost multiple trades in a row pretty much as soon as the win streak ended. In fact, it lost 17 trades in a row. If I remember correctly, 17 losses in a row is the highest losing streak we have seen on the Trading Rush Channel. We have tested many different strategies, but none of them had anything as high as 17 losses in a row even though they all were tested on almost the same market structure. But that’s not all. As I said, this indicator is one of the interesting indicators we have tested yet. One might think, after having these many losses in a row, no way this strategy is going to be profitable, but if you look at the profit graph, after winning and losing, the profit line went in an upward direction in almost a straight line. If it had not lost this one trade, the Keltner Channels Trading Strategy won almost 17 trades in a row.
Keltner Channels gives more signals in a short time period. It made a good profit when the price was in an uptrend at the start, but when the uptrend ended and the price started a downtrend, it had a losing streak because it gave multiple signals in a short period of time near the end of the trend. But here’s the thing, many traders in the live market, add to the position or take more trades when they notice a good trend, or when they are right about the trend direction. When they win multiple trades in a row, the profit graph looks similar to the winning streak the Keltner Channels Strategy had in a good trend, but when you start losing multiple trades in a row, you don’t take more trades in the market. In other words, even though the Keltner Channels had 17 losing trades in a row because it gave multiple signals near the end of the trend, in the live market, you are most likely going to stop after getting few losing trades in a row in the same trend.
Because of this, Keltner Channels Trading Strategy that we discussed in the previous video has a great potential to achieve a higher win rate, as long as you stop taking more trades in a short time if you have already had around 5 losses in a row.
In this experiment, even after losing 17 trades in a row, it still managed to make money after 100 trades, and got a 49 percent approximate win rate with a 1.5 to 1 reward risk ratio. In the Trading Rush App, it made a profit of 2250 with an account size of 10000 and with 1 percent risk per trade of course…
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Bollinger Bands Uptrends Strategy, I risked Keltner Channel Trading Strategy 100 TIMES and here's what happened… Forex Day Trading.
Variety Trading Winning Strategies
It is a good idea to prevent co-linearity (not to use two very same indications) as it will not increase confirmation.
That’s where the idea of utilizing the stop hunters to my benefit can be found in.
I risked Keltner Channel Trading Strategy 100 TIMES and here's what happened… Forex Day Trading, Search trending full length videos relevant with Bollinger Bands Uptrends Strategy.
Bollinger Band Trading
Currently, the NYMO 20-day MA is roughly negative 17, which also shows an SPX pullback. Let’s handle the very first concern of positioning stop orders too close. Nobody can anticipate where the market will go.
Having control over your investments using the best FOREX chart indication is important in succeeding. There are a lot of trading indications that you can use, and not a single one will stick out above the rest. You require to use a combination of two or more trading indicators to be reliable in an offered circumstance and the mix of which will also differ, depending upon the elements readily available in the present market.
After you have recognized the daily pattern, you should drop down to your lower timeframe and see where rate is in relation to the Bollinger Bands. You wish to see the price struck the Bollinger Band extremes on the opposite side of the daily trend.
Make the revenues in the huge trends and discover to cut your losses rapidly the moment you see them. When to quit and get out, a downtrend downturn may bring you greater losses if you can not identify.
When you understand this profit-either-way technique – and I recommend you discover direct from a professional Bollinger Bands Trader who does this for a living – there are just a couple of actions to take, as soon as a month.
Do not predict an assistance or resistance level based solely on Bollinger Bands. You are looking for chances to benefit not chances to trade! Wait on the price to bounce first and look for verification from other indicators prior to you go into a trade. Once the reversal pattern is verified by other indicators, you can position your stop loss on the other side of the Bollinger Band.
Are you fully encouraged that God does not oppose trading? Do you regard trading as “dirty”? Do you have hesitations in your spirit about the matter? “Blessed is the man who does not condemn himself by what he authorizes. However the man who has doubts is condemned if he eats, due to the fact that his consuming is not from faith; and whatever that does not come from faith is sin” (Romans 14:22 -23, NIV).
This forex trading technique highlights how concentrating on a bearish market can benefit a currency that is overbought. Whether this method is right or wrong, it presents a great risk-reward trade off and is well based on its brief position in forex trading.
When a a great deal of sellers get in the marketplace, price action gets better down towards the support. Should I trade the 4 hr compression or perhaps the 5 min? If I wished to master Bollinger bands how would I go about it?
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