Frequently Asked Questions
What's this product all about?
In short, the Trading Assistant is a pre-built script for MT4 that you’ll run on your computer. This will allow you to get detailed alerts on your phone & computer. The script will come with the basic rules of the Bollinger Bands Reversal strategy (Basic Edition), or your own trading strategy rules (we can code it for you!)
What is the Bollinger Bands Reversal Strategy?
The Bollinger Bands Reversal consists of a mix of Bollinger Bands breaks (a sign of over-buying and/or over-selling) and a key reversal price action signal: the Engulfing Candle. The strategy is meant to be used in alignment with zones on the Daily/Weekly charts. You can watch a complete video here!
On Average how many trades does the Bollinger Bands Reversal Strategy generates in a week?
Based on our experience the BB R Strategy generates 5 – 8 trades a week (once filtered how we use it).
In our per-configured Telegram Channel we get an average of 5-8 notifications a day (some days more some days less or none).
It is important to note that not all notifications are valid trades as each individual should filter the BB R based on their own criteria (we use S/R zones, trend following and Price action context can also be used)
What are the benefits of having this script?
Basically, you won’t ever have to look at the charts every 1hr, 4hrs, day, etc. As soon as your trade setup prints on the chart, you’ll be notified with all your trade parameters and a chart screenshot for quick analysis.
Which edition would you recommend to a beginner?
It’s simple! If you trade Bollinger Bands Reversal (with Engulfing Candles), the Basic Edition is perfect!
If you trade your own trading strategy, go for the Advanced Edition. We’ll do the script customization for you!
If you want to modify the script yourself, go for the Legend Edition. You’ll also receive extra care & support!
Can I get a refund if I am not satisfied?
Yes. We offer a moneyback guarantee for the Advanced and Legend Edition. That is, we will refund you at anytime if we cannot code the strategy for you.
For the Basic Edition, we will refund you in the first 14 days if you aren’t satisfied of the Trading Assistant.
Where can I see proofs that the Bollinger Bands Reversal strategy works?
It is important to note that the Bollinger Bands Reversal must be traded in a specific context. It is not a high-frequency strategy, but a profitable one used by several traders.
We have prepared a backtesting from 2000 to 2018 (see here). The setups were taken only in specific market hours and 1% of the account was risked per trade. Ultimately, you set your own risk parameters.
You can also see a simple portfolio example from 2010 to 2019 (H1) (see here) in which we show an example of how using the BB Reversal in a few FX Pairs can offer great risk adjusted returns and stable equity curve .
Those rules will be given to you inside the Strategy Lab.
How will I benefit from the Strategy Lab?
Immensely! Have you ever realized how long it would take for you to backtest your trading strategy and find a profitable system?
We know you’re busy so instead of letting you spend your time on that, someone from our team will do it for you. Then, the results will be posted inside the Strategy Lab so you know which pair to trade and to avoid.
We’ll give you the best parameters that will increase your odds of becoming a profitable trader.
What will be my Return-On-Investment (ROI) from purchasing the Trading Assistant?
First we need to look at your time…
How much time do you spend watching the charts and waiting for your setups every day?
That is time wasted! And we want to help you get it back, so you can build a new business, progress at work, spend time with your family, or even travel the world. The possibilities are endless!
Then, ask yourself:
How many trade setups do you miss because you were busy on something else?
The short story is…you’re leaving a lot of money on the table!
And that’s where the Trading Assistant becomes helpful.
Where can I see the Trading Assistant documentation?
It’s right here: https://www.desiretotrade.com/trading-assistant-documentation