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644# Bands Waves Strategy

Envelops Waves Direction

Momentum Quantum Strategy

Submit by Emiliano

 

 

Bands Waves Strategy is a momentum quantum strategy based on momentum indicator and envelope. I define this strategy quantum because the signals generated to predict the price trend are not properly trend following and trend momentum, but are generated by the unconventional interaction of these indicators because the signals arise from extreme areas. This quantum idea is different from the traditional idea of applying physical equations to finance but we want to apply a translation of the physical concept to the analysis of historical price series, as published on this website Joy22, (see Quantum scalping, quantum RSI ).

The basic idea of this strategy is the following: the direction of the market can be foreseen when at the same time the price leaves the envelopes and the momentum indicator is in the overbought and oversold areas. When these two conditions are met, there is a high probability of forecasting the market in the short term (and therefore a wave of it). Here I propose only a strategy with the setting of 15 min.

This trading system is an experimental prototype.

Time Frame 15 min

Currency pair: major, minor, Indices and commodities.

 

Metatrader 4 Indicators:

Envelops (period 14, deviation 0.1).

Value chart (HL)

FL07 (11,12,2,30) with

Stochastic X (14 ,5 ,5, SMA, close).

 

Trading rules Bands Waves Strategy

Buy conditions:

The price closes outside the lower envelope. The Stochastic oscillator into FL07 momentum indicator goes into the oversold zone,

Value chart green bar >0.

 

 

Sell conditions:

The price closes outside the upper envelope. The Stochastic oscillator into FL07 momentum indicator goes into the overbougth zone,

Value chart green bar <0.

 

Exit position at the opposite envelope or with predetetermined profit target with minimum ratio 1:1 Stop Loss. Place initial stop loss at the previous swing High/low.

 

This strategy is winning but discretionary.

In the pictures Bands Wave Strategy in action.

Bands Waves Strategy V.1.0
Bands Waves Strategy V.1.0
Bands Waves Strategy V.1.0
Bands Waves Strategy V.1.0
Bands Waves Strategy V.1.0
Bands Waves Strategy V.1.0
Bands Waves Strategy V.1.0
Bands Waves Strategy V.1.0

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Bands Waves Strategy V.1.0
Bands Waves Strategy V.1.0
Bands Waves Strategy.rar
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