Below i added a screenshot with the 2 BB lines in it, if someone could add some dots into
it as an example or using the prices on the right as example, i would be very grateful.
With %LowBB=5 and %HighBB=5, we get this, the green area is where the bot is allowed to buy, which is 5% above lower BB and below, the pink area is where the bot is allowed to sell, which is 5% below upper BB and above
The value of these two parameters are the % of the distance (between the two Bolinger Bands).
In Spring, 2010, John Bollinger introduced three new indicators based on Bollinger Bands. They are BBImpulse, which measures price change as a function of the bands; percent bandwidth (%b), which normalizes the width of the bands over time; and bandwidth delta, which quantifies the changing width of the bands.
%b (pronounced "percent b") is derived from the formula for Stochastics and shows where price is in relation to the bands. %b equals 1 at the upper band and 0 at the lower band.
(Source: https://en.wikipedia.org/wiki/Bollinger_Bands)
With Gunbot we just multiply %b by 100, and when talking about %HighBB, we start from 0 at uper BB up to 100 at lower BB
For %LowBB it starts at 0% at the lower BB and grows as we move up to reach 100% at the upper BB
For %HighBB it starts at 0% at the upper BB and grows as we move down to reach 100% at the lower BB
You can even use negative values (if you want to buy below Lower BB or to sell above uper BB
Explanation of the strategy initial idea here: https://gunthy.org/index.php?topic=99.0
Hope this helps
ok so a series of questions and understanding:
1- gb buys when it is near 5% on the lower bb.. yes/no?
2- when does it sell the above bought ? is some % profit confgured which triggers this ?
3- what happens if the price drops and doesnt come up after the buy from bb ? Is this where the bags are created ?
4- is there any details of other strategies found anywhere ?
thanks
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