TsangYouJun

Mean Reversion w/ Bollinger Bands

This is a more advanced version of my original mean reversion script.

It employs the famous Bollinger Bands .

This robot will buy when price falls below the lower Bollinger Band , and sell when price moves above the upper Bollinger Band .

I've only tested it on the S&P 500 , though you could try it out on other assets to see the backtest performance.

During the recent COVID-19 bear market drop, it produced several buy signals on the S&P which I followed, and made some nice gains so far.

I still think this would make a better investing strategy (buy undervalued / sell over-valued), rather than a trading strategy.

I use this robot for my long term portfolio.
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Comments

Sir,first of all, a great congratulation for your dedication towards providing one of the best indicator 'Mean Reversion w/Bollinger Bands.Sir ,I invest in share, mkt .
Please tell me some 2 or 3 the best indicators for trading. Iwould be highly obliged for this kind of act.Waiting for the answer.
My Best regards.
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Hi there, this is a wonderful spcirpt, but is there anyway to add the timeframe into it?
I have tried for so many times but couldn't get it to work....
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TsangYouJun wangtzuchao
@wangtzuchao, if you’re using it for crypto, you need to modify the UNITS. Crypto and Currencies work differently from stocks.
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can this program into interactive brokers?
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Thank you very much for your contribution. I have been working with this script (with some modifications) and I am getting very good results. It works very well with various cryptocurrencies. Thanks again.
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@coinnoz, you’re welcome!
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