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Bollinger Bands | Gunbot trading strategy

Education
COINBASE:BTCUSD   Bitcoin
This is an example of Gunbot trading with the Bollinger Bands (bb) strategy. Gunbot is a multi platform crypto trading bot.

About this strategy
With this strategy you can configure at which percentage from the lower Bollinger Band Gunbot should buy, and at which percentage from the upper Bollinger Band a sell order should be placed. Additionally, you can configure the minimum profit per trade and how much prices need to be below EMA for buy orders to be executed.

Settings used
This example uses the "pure" version of the bb strategy, meaning both the buy method and sell method are set to use bb. No additional trailing or confirming indicators are used.
The following relevant settings were used, all other settings were set to the defaults:

  • PERIOD: 60
  • EMA1: 20
  • EMA2: 10
  • BUY_LEVEL: 1
  • STDV: 2
  • SMAPERIOD: 30
  • HIGH_BB: 20
  • LOW_BB: 0
  • GAIN: 2.2



Full disclosure
I am the author the Gunbot wiki. This content is only meant as educational material to show an example of how Gunbot can be used, disclosing the full strategy settings used.

Disclaimer
While every effort has been made to ensure these simulations of Gunbot contain the same logic as Gunbot, they will not always buy or sell at the exact same time or prices as Gunbot (because of TradingView's inability to use ticker prices). This is close as you can get in TradingView to the real thing. Backtesting the past does NOT guarantee profit in the present or future.

Please don't use these exemplary settings without doing your own research. Results can vary depending on the chosen market and it's conditions.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.