Does anyone have examples of using Bollinger Bands. I would like to buy/sell every time price cross 20 days moving average. Also I would like to take profit when price hits Bollinger Bands.
Thanks,
Does anyone have examples of using Bollinger Bands. I would like to buy/sell every time price cross 20 days moving average. Also I would like to take profit when price hits Bollinger Bands.
Thanks,
Hi Jaydip,
I was actually working on some example algorithms yesterday, Bollinger Bands was one of them.
David
Jaydip, Apple's stock did pretty poorly for the first half of 2013, and the algorithm made some bad choices. It bets on a reversion when a breakout occurs, in this case, it was wrong, maybe adding stop losses and some other criteria will help.
Here's the same test you did with the benchmark set to AAPL.