http://prntscr.com/cfafep i think this strat does somehow what you want
on Tradingview with pinescript
you can play with it for free.; just add the stratt to your chart.
you can try to add a stoploss in there
feel free to share results..
no but it's pretty simple to code.. you'll need some sort of scanner and code it. you can do this in multicharts
but lets be realistic.. just because price shoots out of BB(boilinger bands right?) even if it goes back in.. thats not a good strat.. price can just continue the trend .. BB...
i'd not dismiss elliot wave at all :) to me it's the only tool that gives the most possible usable patterns .. it's not complete so i added a few more rules to it.. but i have yet to find a better tool.
ive been trough all the possible strats believe me.. the new, the old...
my first post here..
I use elliot wave. i start at weekly.; then go to daily then 4h then to 1h .. i realy need to see everything .. and drill down. I added a few patterns of myself to elliotwave , I use macd (you can use any indicator ema's or rsi etc ) to find a wave then i count them...