Please advise on Bollinger Band Settings for intraday stocks targeting .02 to .07
- Thread starter birdman
- Start date
I believe TOS has backtesting capabilities. Best to test and see what works best.
What is it you trying to trade as in terms of when, chop or hard trending, or all around?
Chop I would go with 10,2 as you want lesser trades and deeper retracements whereas hard trending more like 8, 0.6 and all around 20,2. It been awhile last time I scalped stocks, just found it less money wise to only do futures and faster. Back in the day, didn't matter what I scalped in stocks so long as I knew how much on average price would go against the position.
Hard Trending. I'll put that 8,0.6 on and see how i fare with it. Thank you Handle!
You question presupposes that anyone other than John Bollinger actually uses Bollinger bands.
I use BB on almost all my systems, but you have to have imagination on using them different ways and absolutely well tested risk management rules. I find most traders are very rigid and lack openness to try different things. First ones to complain they lost to HFTs or hedge funds but they never learned to adapt.