ActiveTrader 2009-02 | The double-band squeeze system by Eugene

This strategy was featured in the February 2009 issue of Active Trader magazine.

Strategy rules:

Setup: When the Bollinger Bands have moved inside the Keltner channels, prepare for a trade.
Long entry: When the Bollinger Bands move back out of the Keltner channels and the momentum oscillator is positive (above zero), enter long at the next bar's open.
Long exit : When the momentum oscillator decreases (i.e., fails to create a higher value), close the position at the next bar's open.
Short entry: When the Bollinger Bands move back out of the Keltner channels and the momentum oscillator is negative (below zero), enter short at the next bar's open.
Short exit: When the momentum oscillator increases (i.e., fails to create a lower value), close the position at the next bar's open.

Author: Eugene
Category: Bands
Creation Date: 11/9/2009
Licence: Freeware
Availability: Globally
Instructions for Script Download
  1. In Wealth-Lab client software, open the Strategy Explorer (Ctrl+O)
  2. Click the "Download..." button
  3. Click "Begin Download"
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