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The Booker Method (Powerlanguage .NET)
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The Booker Method (Powerlanguage .NET)

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Elite Member
Trading Experience: Advanced
Platform: NinjaTrader , Multicharts and my own system
Favorite Futures: Futures
Posts: 294 since Feb 2015
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The Booker Method (Powerlanguage .NET)

Rob Booker mentioned a strange trading signal on his "The Booker Report" podcast that i wanted to try.

The rules are pretty basic using 15min EURUSD
Using RSI with a length of 28
BollingerBand lenth of 800 and Std Deviation of 2

if RSI is below 30 and price crosses above lower band go long and set target for 10pips. He was not very clear on stoploss.

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I am using the built in ATR target and trail stop. I thought this approach was interesting because he is using such extreme values for the indicators. A quick run on 1 year of EURUSD does not show it as profitable but maybe it'll generate some ideas for people.

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