Description
This strategy uses classic Bollinger Bands to detect stretched price conditions and potential turning points. When price expands into the upper band, it can signal exhaustion; when it compresses toward the lower band, it often marks a potential bounce.
Our implementation turns this idea into a controlled, rule-based system with optional modules for risk, execution, and visualization.
It works on any instrument and bar type — suitable for quick intraday setups or broader swing trades.
How to Use
On the first use, paste you license code into the License field in strategy parameters.
- Set the Bollinger Bands period and deviation — this defines the volatility envelope.
- Choose your entry logic for upper-band fades, lower-band bounces, or both.
- Choose the entry mode (Limit or Market) and configure your preferred risk settings.
- Enable optional modules such as profit targets, stop losses, plots, or color settings.
- Run backtests or live trading – the strategy executes and manages trades automatically.
Parameter Guide
Indicator Parameters
| Parameter | Description |
|---|---|
| Bollinger – NumStdDev | Controls band width. Larger deviations = wider volatility envelope, fewer signals. |
| Bollinger – Period | Defines how quickly the bands adapt to price. Lower values react faster. |
Trading Parameters
| Parameter | Description |
|---|---|
| Trading | Entry Type | Market = fastest execution. Limit = controlled entry at your price. |
| Trading | Profit Target | Locks in gains at your chosen distance. Optional. Supports Limit and MarketIfTouched. |
| Trading | Stop Loss | Manages downside risk. Optional. Stop – standard exit. Simulated-StopLoss – helps avoid poor fills in thin markets. |
| Additional | Show or hide MA lines on the chart, fully customizable for clean visual workflow. |
