Bollinger Bands - Gimme Bars

[Handle]

Using gimmee bars on the BB is a potentially profitable trading strategy.

I have a question please.

I have seen that the 10 minute graph on cable looks promising, is there any research done that could help me to identify the risk/reward.

Thanks very much

[ldamiani]

This kind of strategy uses tight stops, which are really dangerous in forex (and with GBPUSD is a sure death). I have tested this kind of strategy (BB+gimme short time frame) long ago, with very bad results, i must add. This kind of strategy must be combined with longer term filters.

Regards

Luis Guilherme
Damiani

May the odds be with you!

[Handle]

Thanks very much. Yes cable is quite "unpredictable".

[kyuzo]

i've been trading gimmee bars on eur on 5min charts and find it quite profitable. I set my stops 1 pip based on previous candle.

i don't think gimmee bars will work very well with cable on the 5min charts as cable is beta to the eur. try using a higher time frame and see how it works.

[zehua]

Gimme Bars?
Is that an indicator? Where can I get further info about it? Can anyone write a custom Gimme Bars indicator for MT?

[foamgod]

Originally Posted by ldamiani

This kind of strategy uses tight stops, which are really dangerous in forex (and with GBPUSD is a sure death). I have tested this kind of strategy (BB+gimme short time frame) long ago, with very bad results, i must add. This kind of strategy must be combined with longer term filters.

Regards

Luis Guilherme
Damiani

May the odds be with you!

Hi Idamiana, would you tell me more? Especially for GBP/USD?

Also, any idea why GBP/USD is more talked about than EUR/USD in this forum. Isn't EUR/USD more traded than the former? Thanks.