The Bollinger Band System for Metastock
Now you can benefit from the proven success of Bollinger Bands with this highly selective trading system... a system that selects only those few securities with the highest profit potential.
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I worked for months with the makers of MetaStock to create a new mechanical trading system using the time-tested and proven technology of Bollinger Bands...a system that's simple, yet robust enough to be reliable across all types of stocks, in all types of market environments. A system that provides a high probability of reliable performance for the future... not just the past.
The Bollinger Band System (BBS) is unique. It has the ability to adapt to each security's recent activity. Unlike other systems that have a fixed set of parameters, BBS is designed to evolve with market conditions, making it more reliable, and more likely to produce profitable results!
This adaptability is due, in part to the indicators used to create BBS: the Money Flow Index indicator (MFI), which incorporates volume into its calculations, %b, which compares price action to indicator action, and the Bollinger Volatility Index (BVI), which provides a means of measuring the volatility of a security and comparing it with the volatility of other securities. BBS takes these indicators and adjusts them to your security's most recent activities.
Trading bands and indicators by themselves can be effective tools, but when combined as we've done with BBS, the potential for trading success is greatly increased.
What are Bollinger Bands?
Bollinger Bands are trading bands that focus on volatility. By allowing the movement of prices themselves to the set the width of the bands, Bollinger Bands are able to react quickly to market conditions. But they only provide a framework, not absolute buy and sell signals.
In the past, a trader would still have to devise a trading system that would produce optimum buy/sell signals based on these bands. That is... until now.
The Bollinger Band System - What does it do?
In short, The Bollinger Band System (BBS) searches thousands of securities to find those most likely to reverse their current trend -then, of that group, it singles out those few that meet a very selective set of criteria. This cycle is completed by your unique input, which results in stocks that consistently perform well and fit your personality and trading style. Let the Bollinger Band System show you when to get in a trade, how long to let your profits run, and when to exit.
Using the Bollinger Band System is as easy as 1...2...3...
Exclusive to The Bollinger Band System plug-in are two MetaStock explorations that find securities with good liquidity and signal buy or short conditions, and two MetaStock experts that give you detailed information on the status of open trades for specific securities.
Start maximizing your trading power with the expertise of Bollinger Bands and the advanced analytics of MetaStock with this powerful MetaStock plug-in.
- 1. Perform the two MetaStock explorations.
First, you'll want at least 5,000 to 6,000 securities and 3 years of data to work from. Now run the Watchlist Maker on your data. The Watchlist Maker filters out low volume/price securities and those that have less than 500 periods of data. This select group of securities is your "Watchlist," from which you'll run the BBS exploration.
You are now ready to run the BBS exploration. This exploration is at the heart of the Bollinger Band System. It finds those securities that have generated "buy long" and "buy short" signals.
Now it's time to open these securities' charts.
- 2. Study the screened candidates and apply your own personal filter.
This is the step where you can transform good returns using BBS into outstanding returns by applying your own personal analysis. This step is the only subjective part of the BBS trading method.
Your BBS instruction manual will have many effective strategies to help you narrow your decision down to the best candidate.
- 3. Attach the two MetaStock experts to track your trades.
At this point, you can confidently place an entry order with your broker. But BBS doesn't stop there. Once you've entered a long or short position, use the Expert Advisor to monitor your open trade.
You'll attach either a Long or Short Track expert to your chart, depending upon the signal the exploration generated. The experts provide chart specific feedback on the current status of your open long or short trades.
When an exit signal for your trade is generated, an expert alert will pop-up on your screen when you open the chart, and an exit arrow will appear on your chart. (A nice way to take the emotions out of your trading.) Finally, you can choose to view the expert commentary and read about the current condition of the open trade.
For any questions regarding Metastock products, call 1-800-882-3040 Promo Code: Bollinger6.
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Note: You must have version 7.03 or newer of MetaStock to run the Bollinger Band System plug-in.
This product is not a recommendation to buy or sell, but rather a guideline to interpreting the specified analysis methods. This information should only be used by investors who are aware of the risks inherent in securities trading. MetaStock, Inc., John Bollinger, and Bollinger Capital Management accept no liability whatsoever for any loss arising from any use of this product or its contents.
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