Simple Bollinger Bands Strategy [JoseMetal]

Script from: TradingViewLongTermTrend followingMean reversionVolatility

Improve your Bollinger Bands strategy with JoseMetal's enhancements: long/short trades, optimized parameters like a 1.5 standard deviation for more frequent trades, and up to 7 concurrent positions. Customize leverage, capitalize on bigger timeframes like daily charts, and fine-tune with additional features such as profit-only closures and date range selection. Visual cues for entry/exit and position sizing integrated with TradingView enhance usability. Everything from BB lengths to colors is adjustable for tailored trading.

Audit verdict

Not rankedUpdated Jul 28, 2026

No reliable edge found

Its average result can't be told apart from chance, so it stays out of our rankings.

2,289backtests3 markets

29robust scoreranked median 52

0.57p-valueranked median 0.24

0/134pass quality gatebacktests >15 trades

Audit details

How we decide whether a strategy enters our rankings. Read the methodology →

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Repainting audit

Not run yet.

✓

Script availability

Closed-source, still published on TradingView.

Statistical edge

Average t-statistic 0.65 (p = 0.57), below the median of 1.98 (p = 0.24) for ranked strategies.

Quality gate

None of the 134 backtests with more than 15 trades passes our quality gate.

Robust score

29/100, below the median of 52 for ranked strategies.

How its evidence compares

The t-statistic measures how far the average result sits from zero relative to its noise. Below about 2, it is within what random entries produce.

0.65

avg. t-statistic

1.98

median, ranked strategies

Best 5 of 2,289 backtests

Shown for transparency.

Symbol	Timeframe	Net profit	Profit factor	Trades	Max drawdown
Gold Futures COMEX:GC1!	5m	+35,347,304,623%	14.08	277	1377%
Walgreens Boots Alliance, Inc. NASDAQ:WBA	1D	+1,459,663%	4.51	302	262%
Schlumberger N.V. NYSE:SLB	1D	+258,601%	7.03	232	456%
Viatris Inc. NASDAQ:VTRS	1D	+219,258%	6.27	171	347%
FTX Token / TetherUS BINANCE:FTTUSDT	1H	+162,881%	2.91	497	594%

⚠Selected after the fact: these are the best 5 of 2,289 runs, not what to expect from this strategy.

Is Simple Bollinger Bands Strategy [JoseMetal] profitable?

Not reliably, based on our tests. Across 2,289 backtests, 0 of 134 with more than 15 trades pass our quality gate. The best result is +35,347,304,623% on Gold Futures (5m, 277 trades). On average, its results are statistically indistinguishable from chance (p = 0.57).

Strategies that passed our audit

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86/100robust score

8/65backtests pass quality gate

View backtests →

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