Bollinger Bands multiple setups.

[fifeivkbdedwcf]

Hi guys,

is it possible to have fx dreema look for 2 indipendent setups for either sell or buy?

This is a example for Short, for Long would be vise versa.

The idea is to have it look for both setup so setup 1 the Upper/ Lower Bollinger Band Reversal with MACD Crossover and as second setup 2 a pullback or if consolidating before like a breakout classic bollinger bands Squeeze from the actual 20 MA Line with MACD crossing the 0 Level either from above or below.

[l'andorrà]

Yes, you can do it with variables. One for each condition. When both variables are lined up then you can trigger the trade.

[fifeivkbdedwcf]

@l-andorrà

Hi do you mean by the " modify variables" blocks?

And do you mean to place it after each condition for local setup or once per setup?

[l'andorrà]

I see you used flags. You can do it that way too instead of using the modify variables block.

[fifeivkbdedwcf]

@l-andorrà

Hi is the flag settings correct?
Just got the idea from somebody else in the forum.

The touch or going above Bollinger Bands should act as a "soft" condition
->Flag

and if true
then the indicator below would confirm by the crossing.

From backtesting i've removed the 2. setup directly from the Moving average with Crossing, and use a touch from the B Band deviation instead.

Currently testing Stochastic instead of MACD.

[l'andorrà]

Yes, I see you followed jstap's help. He's right. His structure will definitely work.

[fifeivkbdedwcf]

@l-andorrà

Yes he and you helped me a lot so far. Thank you.

So you would say, that just doing it by the flag Set Flag
and check flag would be enough right?

He also encouraged that, per bar should be placed below all conditions is this correct?

Do i need to connect the set and check flag conditions as well?

https://fxdreema.com/shared/C2LYwGuY

What i also found with shared link is, because i use trading conditions on tick and on trade for daily risk mgnt, to have it only 2 trades per day and max daily loss limit that it only showcases the on trade is this normal?
Cant both be used together?

[jstap]

What you are doing with the flags is, when condition 1 has triggered, flag is set to true, then this is checked, and condition 2 can work, creating an order, you will need to set back to false, maybe when trade is activated.

[fifeivkbdedwcf]

@jstap

Hi,

yes i undestand. So Set flag is the barrier to get to next instance for Check flag and next condition is checked.
Do i need to connect the Set Flag and Check as well with the orange lines?

What do you mean by set back to false? You mean like with the yellow line? Which do i need to connect?

[jstap]

As you have it in the picture, all is correct, so all connected on by orange, in two separate trees, just reset when needed.

[fifeivkbdedwcf]

@jstap

Ok so i need to connect both green ones as well, the set and check flag as well?

Got it.

Could you please explain what you mean by 2 trees and reset if needed?
You mean to place everything strating from the check flag next to it?

[jstap]

Tree 1: 1,2,3,5,6,14,15 Tree 2: the rest, both trees, should remain separate.