Choppy-Range Band Reversion (Educational)
Educational example: this classic setup does not beat trading costs in our tests — use it to learn, not to trade as is. Fades Bollinger Band extremes, but only when the Choppiness Index says the market is ranging. A long opens when price closes below the lower band while CHOP is above its threshold; the target is the band's middle line. Shorts mirror at the upper band. An ATR stop and a time stop
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How to use it
15m BTC / ETH / SOL perpetuals; works only in ranges by design, so expect quiet periods during trends. Position size is a % of equity (Properties). Commission 0.06% per side. Back-test BTCUSDT 15m (Bybit, 0.06% fee/side, funding not included): 2025–2026 -0% (PF 0.97, max DD 5%, 33 trades); unseen 2026–2026 -3% (PF 0.47, 9 trades). Past results don't predict future ones. Concept: J. Bollinger, "Bollinger on Bollinger Bands" (2001); E. W. Dreiss, Choppiness Index.
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Back-tests and forward tests are simulations; past results do not predict future ones. Nothing here is financial advice. Trading carries a high risk of loss.