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I have tested a trading method I call "Snap Back" that seems to show
some promise.
My tests have been visual since I am not very proficient at writing
systems in TS.
The indicators (Show ME) are simple enough. Sell if close is above
the high Bollinger Band and Buy if the close is below the lower
Band. These are very short term positions, 1 to 3 days.
The problem is estimating what the band value will be before the end
of the trading day.
Using Trade Station, can some give me a formula that would allow me
to
estimate or interpolate what the daily high and low band might be
based on the open, the range open to noon, and finally, the range up
to 1/2 hour before closing???
It occurs to me that if I could could get some indication of where
the bands might be today (before the market closes) it would improve
the chances of capturing the incremental stabilizing moves of an
equity to stay within the standard deviation expressed by the
Bollinger Bands.
I may be all wet but it appears that this approach might produce
some real gains.
Thanks for any insight you can provide.
Bert.
Attachment Converted: "c:\eudora\attach\SnapBack"
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