Abu Dhabi United Arab Emirates
Experience: None
Platform: NinjaTrader
Broker: Philip Capital
Trading: futures
Posts: 163 since Sep 2020
Thanks Given: 1,539
Thanks Received: 383
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I bought BB about 2 years ago and it's a great program, although it can be somewhat limiting to trade with if you have multiple set-ups on one chart. If you plan to take a limit order entry on a retracement to a MA, for example, you are kinda stuck with that one option using BB.
If you plan to enter with a market order and your targets are just ticks or ATR's and you want BB to manage these for you, it works great. You can set-up multiple order sets and have different rules for each, but you can't easily switch back and forth between programmed entries without running 2 or more instances of BB.
To me, BB feels like a tool for someone who already has a firm handle on what they are doing. The backtesting is great, but you can accomplish something similar with Raven that comes included with Bloodhound (which I highly recommend).
Hope this is clear and somewhat helpful.
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