hey now i'm back with another exclusive trading system that not only produced great results but
has been released as the newest traders landing automated strategy and for those who want to play
in the high yield income space check out my latest crypto landing video where i discuss
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just be sure to subscribe or your next trade can wind up like this
i call this system the bollinger frac and like most trading systems it can be adapted to forex
crypto options stocks indices or any instrument that has significant volume
and market participants this trading strategy utilizes three free trading view indicators as
always links and settings to all indicators are listed in the description the first indicator
are bollinger bands inputs will be kept at default and i'm going to remove the basis line
bollinger bands are a momentum indicator developed by john bollinger this indicator places envelopes
plotted at the standard deviation level above and below a simple moving average in the bollinger
frac this indicator will provide a precondition for entry the second free trading view indicator
are williams fractals inputs and style will be kept at default the fractal indicator created by
bill williams is based on a simple price pattern frequently seen in the financial markets a bullish
fractal occurs when there is a low point with two higher low bars on each side a bearish fractal
occurs when there is a high point with two lower high candles on either side an up arrow marks
the location of a bearish fractal while a down arrow marks the location of a bullish fractal
since a williams fractal signal is printed after a five candle pattern the second candle after the
close will confirm the signal in the bollinger frac this study will provide our entry triggers
the third study are average true range bands or atr bands i am going to set the atr value at 2
for the upper and lower bands and set the band color to white the average true range is a wells
wilder indicator and attempts to measure current market volatility in this trading system the atr
will be used to set the stop loss levels let's go over enter criteria and review some examples
as always system rules and details are listed in the description below this
chart is roku which is traded on the nasdaq 15 minute japanese candlesticks
the rules to enter along on the bollinger frac are first price must touch the bottom bollinger band
in blue second a bullish williams fractal appears remember the close of the second candle after the
fractal will trigger the indicator our rules are met when this candle closes
that is our trigger we place our stop at two times the atr below the trigger candle which is
the white line below price and target one to three and long example one hits the profit target if you
enjoy this content please make sure to click that like button i have one more long example first we
see price touches the bottom bollinger band in blue then we can see a bullish williams fractal
everything converges on this candle and it serves as our trigger the stop is placed at two times
the atr and one to three is our target and long example two hits the target now we flip the shorts
this is what i will test for shorts first price must touch the top of bollinger band in blue
then we are looking for a bearish williams fractal and remember the close of the second
candle after the fractal will trigger the indicator all of that happens on this bar here
that is our trigger candle the stop is placed at two times the atr of the trigger candle and target
one to three and short example one hits the target i'm going to show you one more quick short example
first we can see a bounce off the top of the bollinger band and second there is a
bearish williams fractal this is our trigger candle the stop is placed at two times the atr
of the trigger candle and the target is one two three and short example two hits the target on
this big gap down i'm going to give you some great ideas on how we can improve this system
along with a trader's landing score and now it's time to do what i do
remember this is just one test on one instrument if you are thinking of using the system please
do extensive back and forward testing and be sure to let our community know what you discover this
test was done on roku 15-minute candles it took just over three years to find the 421 trades
the average time and position was five and a half hours the profit factor could be improved at 1.294
with a large drawdown of 33 percent the win rate was 40 percent which is great for a
one to three risk versus reward the total growth scale on account being 330 percent
and stay tuned for my optimization tips to make this strategy really quick the equity curve
here is pretty good with a general up and to the right pattern however you can see the beginning
of the test does not perform that well this is the point that new traders start to change parameters
and fail but for those that stayed with it they were rewarded by this huge surge of profit
i give the system a trader's landing score of seven because it can be used in both ranging
and trending markets uses both price action and moving averages to confirm entries but should
be optimized for the chart you are trading with a few optimizations this could easily be a nine
remember the enemy of great is good i have six ideas on how we can improve this system first you
can use the super trend as a trend filter which would have filtered out this losing trade this is
an option in the automated strategy second another method you can deploy to get further confirmations
and this may be better for smaller time frames is to add a second bollinger band at three times
standard deviation this is also an option in the script and will remove many bad signals
some of the other suggestions include reminders of sound trading practices that you can take
advantage of by manually trading this strategy including obvious support and resistance lines to
use as profit targets and stop loss levels paying attention to price action channels and deciding
if you are trading with a break of the channel or bounces within it and if you are a more advanced
trader you can combine fibonacci retracement and extensions to determine specific targets fourth
if you want to protect your capital you can move your stop to break even when price touches the
bollinger band basis line this is an additional option in the automated strategy furthermore
if you want to incorporate higher time frame confirmation you can add a higher time frame
ema to the chart taking trades only in the direction of the higher time frame trend
here you can see a one hour 200 ema in orange confirming all of these great signals this is
also an option in the training view script additionally you can use two emas like the
50 and 10 and only exit on the cross of those emas for maximum profits during strong trends
this is also an option in the trading view automated strategy and if you want
to talk to me and interact with our community in addition to supporting the work i am doing here
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personal trading system thanks for watching and have a great day because you deserve it
you