BB partional close


BB partional close strategy


This strategy uses Bollinger Bands (BB) indicator. It operates only with one position.

According to the “B/S position” settings at the start it opens Buy (“B”) or Sell (“S”) position.

If “B/S position” is “B” then
  • The stop order will be added to the position at the minimal price for the last [Number of candles] candle (Started from “Start Candle” till the latest one).
  • If the price crosses the middle BB line or TopGraph BB line upward then half of the position will be closed. The Stop price will be modified into current instrument Sell price.
If “B/S position” is “S” then
  • The stop order will be added to the position at the maximum price for the last [Number of candles] candle (Started from “Start Candle” till the latest one).
  • If the price crosses the middle BB line or BottomGraph BB line downward then half of the position will be closed. The Stop price will be modified into current instrument Buy price.


Posted Monday, August 01, 2011 by Administrator
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