Futures & Options Trader 2008-01 | Bollinger Band breakout-anticipation system

BandWidth (percent) = (upper band - lower band)/SMA*100
where SMA is the length of the simple moving average used to create the Bollinger Bands.

Strategy rules:
1. If the BandWidth indicator is the lowest it’ s been the past 100 hourly bars, and the time is between 13:00 and 16:30 ET (1 and 4:30 p.m.), go long at the market on the next bar.
2. Exit at the market after 10 hourly bars.
3. Alternately , exit using a limit order at the close of the bar preceding the entry bar plus three times the 10-bar average true range