Watch the Youtube BBS video and here is a crude oil trading example. Want to know more about " Capturing Profit with Technical Analysis "? AXIOM business books awards, bronze medal for my book! BBS will mainly profit from trading long positions, but will also trade short during a longer term downtrend. Believe me if I say that there is no perfect full automatic trading system. Avoiding some non-profitable trades can therefore make a big difference.
This is also greatly due to the compounding trading strategy applied within the BBS system. You can of course just use the BBS system and make your profit trading all signals. On the other hand, we all know there is really no perfect system and if you are prepared to invest some time in analyzing the trades proposed by BBS, I can give you additional techniques and indicators to avoid some of the losing trades without compromising the BBS system.
Later on I will show examples how to avoid losing trades triggered by BBS. Only a couple of indicators and basic technical analysis, like support and resistance, will be used in this process. As long as there are regular and large enough price moves, BBS can be used in different time frames and different kind of instruments. USD currency pair in the forex market. Tests show that BBS is profitable in the 15 minutes and 60 minutes time frame. Please note that indicator settings may have to be set different depending of your broker.
Forex is not a centralized market and price charts will differ from broker to broker, and with a demo or a live account. The average used is 13 periods. The look back reference period is 6 with a 1. The blue line is a periods long term moving average on the closing price. This is about 7 months of minute bars. The modeling is done on tick level. There are about bars in test. In the following figure you can see the equity evolution. If you really want to gamble ouch!
Find a Stock ticker symbol, enter the ticker and find a chart, news, fundamentals and historical quotes. Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading.
Past performance is not necessarily indicative of future results. Hypothetical performance results have many inherent limitations, some of which are described below. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
Latest News December 2, These were the trading rules: No profit or loss sharing between the stocks profit is compounded per individual stock. Trading long and short with the basic BBS system rules. All 42 stocks made a profit.More...