Bollinger Band Breakouts Filtered by the 200-Period SMA

Summary

This strategy combines Bollinger Band breakouts with a directional filter based on the slope of a 200-period simple moving average. It identifies a long signal when price crosses above the upper band while the SMA is rising, and a short signal when price crosses below the lower band while the SMA is falling. The listed settings include 20 periods for the bands, a multiplier of 2, configurable trade direction, a 10-point stop, and an optional 20-point profit target. A time-of-day filter is also available, with a stated default window from 9:00 to 14:30.

The document provides code for the indicators and signal conditions, but the supplied excerpt ends before the complete order, exit, and time-filter implementation can be reviewed. It includes no backtest results or market-specific evidence. The available material describes a parameterized breakout template; it does not establish performance, and the omitted portion prevents a full assessment of how orders and risk controls are applied.

Key ideas

• A close crossing above the upper Bollinger Band creates a potential long signal; a cross below the lower band creates a potential short signal.
• Long signals require a rising 200-period SMA, while short signals require a falling SMA.
• Trade direction, stop distance, profit target, and trading hours are configurable.
• The available source excerpt ends before the full order and exit logic is shown.
• No performance results are provided.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.