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[USER=84784]@Wilham[/USER] I've made multiple posts on the Bollinger Band Breakout Strategy & recently uploaded some Amibroker code.

The Bollinger Bands theory has merit
(a) The bands track market volatility, prices are relatively high when prices are at the upper band and relatively low when they are at the lower band.
(b) Powerful signals that usually follow Bollinger band squeezes make Bollinger Bands an important tool for all traders
(c) Bollinger Bands indicator has been a technical tool that continues to be of immense value to many traders.

Urban's Daily Bollinger Band Daily Breakout Strategy
When I read comments from Urban Jaekle's book (Trading Systems 2nd Edition) I was doing cartwheels with excitement & couldn't wait to test Urban's Bollinger Bands Strategy using his methodology. Urban's Daily Bollinger Band Breakout Strategy is rather disappointing. It should be noted that the Bollinger band code supplied on his website is basic without being a trading strategy. In my opinion Urban's Daily Bollinger Band Breakout Strategy shouldn't be traded - not even with "counterfeit money"

Bollinger Bands Weekly Breakout Strategy
I'll upload "Skate's version" of Urban's Bollinger Bands Weekly Strategy so you can do a similar backtest. The strategy uploaded is a rough & dirty interpretation of Urban's methodology & not guaranteed to be error-free. (I've commented on the code for readability). The "BBO" code has been extracted from Urban Jaekle's new book that has been disclosed in full on his website.

Uploading & comparing the results
Taking the time to do a backtest & upload the results of "Skate's modified" interpretation of Urban's BBO code & comparing the results should be an interesting exercise for others to view.

Would I trade the uploaded Strategy?
No way !!

All I'm saying
Bollinger Bands is a trading idea & it pays to understand "oils ain't oils"

Skate.

<blockquote data-quote="Skate" data-source="post: 1114656" data-attributes="member: 57364">[USER=84784]@Wilham[/USER] I&#039;ve made multiple posts on the Bollinger Band Breakout Strategy &amp; recently uploaded some Amibroker code.The Bollinger Bands theory has merit(a) The bands track market volatility, prices are relatively high when prices are at the upper band and relatively low when they are at the lower band.(b) Powerful signals that usually follow Bollinger band squeezes make Bollinger Bands an important tool for all traders(c) Bollinger Bands indicator has been a technical tool that continues to be of immense value to many traders.Urban&#039;s Daily Bollinger Band Daily Breakout StrategyWhen I read comments from Urban Jaekle&#039;s book (Trading Systems 2nd Edition) I was doing cartwheels with excitement &amp; couldn&#039;t wait to test Urban&#039;s Bollinger Bands Strategy using his methodology. Urban&#039;s Daily Bollinger Band Breakout Strategy is rather disappointing. It should be noted that the Bollinger band code supplied on his website is basic without being a trading strategy. In my opinion Urban&#039;s Daily Bollinger Band Breakout Strategy shouldn&#039;t be traded - not even with &quot;counterfeit money&quot;Bollinger Bands Weekly Breakout StrategyI&#039;ll upload &quot;Skate&#039;s version&quot; of Urban&#039;s Bollinger Bands Weekly Strategy so you can do a similar backtest. The strategy uploaded is a rough &amp; dirty interpretation of Urban&#039;s methodology &amp; not guaranteed to be error-free. (I&#039;ve commented on the code for readability). The &quot;BBO&quot; code has been extracted from Urban Jaekle&#039;s new book that has been disclosed in full on his website.Uploading &amp; comparing the results Taking the time to do a backtest &amp; upload the results of &quot;Skate&#039;s modified&quot; interpretation of Urban&#039;s BBO code &amp; comparing the results should be an interesting exercise for others to view.Would I trade the uploaded Strategy? No way !!All I&#039;m sayingBollinger Bands is a trading idea &amp; it pays to understand &quot;oils ain&#039;t oils&quot;Skate.</blockquote>

[QUOTE="Skate, post: 1114656, member: 57364"] [USER=84784]@Wilham[/USER] I've made multiple posts on the Bollinger Band Breakout Strategy & recently uploaded some Amibroker code. [B]The Bollinger Bands theory has merit[/B] (a) The bands track market volatility, prices are relatively high when prices are at the upper band and relatively low when they are at the lower band. (b) Powerful signals that usually follow Bollinger band squeezes make Bollinger Bands an important tool for all traders (c) Bollinger Bands indicator has been a technical tool that continues to be of immense value to many traders. [B]Urban's Daily Bollinger Band Daily Breakout Strategy[/B] When I read comments from Urban Jaekle's book (Trading Systems 2nd Edition) I was doing cartwheels with excitement & couldn't wait to test Urban's Bollinger Bands Strategy using his methodology. Urban's Daily Bollinger Band Breakout Strategy is rather disappointing. It should be noted that the Bollinger band code supplied on his website is basic without being a trading strategy. In my opinion Urban's Daily Bollinger Band Breakout Strategy shouldn't be traded - not even with "counterfeit money" [B]Bollinger Bands Weekly Breakout Strategy[/B] I'll upload "Skate's version" of Urban's Bollinger Bands Weekly Strategy so you can do a similar backtest. The strategy uploaded is a rough & dirty interpretation of Urban's methodology & not guaranteed to be error-free. (I've commented on the code for readability). The "BBO" code has been extracted from Urban Jaekle's new book that has been disclosed in full on his website. [B]Uploading & comparing the results [/B] Taking the time to do a backtest & upload the results of "Skate's modified" interpretation of Urban's BBO code & comparing the results should be an interesting exercise for others to view. [B]Would I trade the uploaded Strategy? [/B] No way !! [B]All I'm saying[/B] Bollinger Bands is a trading idea & it pays to understand "oils ain't oils" Skate. [/QUOTE]

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