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To
Import this Trading System,
- Open the
Configure Modules Window and
- Right
click on the window.
- Then
choose Import and select VBand68.mod
This trading system combines the
power of Volatility Bands the
reversal studies 123Up and 123Dn
For Longs, if the price has been
in the lower 68% Volatility Band
within the last 10 bars(5 minute
bars) and a 123Up is detected, then
alert for a long entry
For Shorts, if the price has been
in the upper 68% Volatility Band
within the last 10 bars(5 minute
bars) and a 123Dn is detected, then
alert for a short entry
More information on Volatility
Bands
In Stormset2, the
Volatility Bands Module had the
following backtesting results:
Longs:
18 Wins, Avg Win 0.16
16 losses Avg Loss -0.09
Total of 1.41 points
Shorts:
28 Wins, Avg Win 0.15
11 losses Avg Loss -0.07
Total of 3.48 points
Other parameters 0.25% sliding
stop, 0.5% target. Entries only
between 10:15 and 11:00 AM EST
ALL THESE PARAMETERS ARE
PRECONFIGURED IN STORMSET2
From 12/1/2005 through
12/22/2005(1 month),
using this symbollist
Possible Variations:
- Use a moving average
crossover instead of a 123Up or
123Dn as the reversal condition
- Use the 80%, 88% or 95%
VolBand studies to generate a
higher probability alert
- Add Daily Volume Strength
criteira( DvsD) to specify
Volume Criteria
- Use the VolBandHL study
(Volatility Bands from the
Intraday High/Low
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