Any thoughts on BB settings? I'm trading high volume stocks intraday ... targeting a small 0.02 to 0.07 max ... Will the standared 20,2 be OK, or do you recommend tweaking? Thanks in advance!
What is it you trying to trade as in terms of when, chop or hard trending, or all around? Chop I would go with 10,2 as you want lesser trades and deeper retracements whereas hard trending more like 8, 0.6 and all around 20,2. It been awhile last time I scalped stocks, just found it less money wise to only do futures and faster. Back in the day, didn't matter what I scalped in stocks so long as I knew how much on average price would go against the position.
I use BB on almost all my systems, but you have to have imagination on using them different ways and absolutely well tested risk management rules. I find most traders are very rigid and lack openness to try different things. First ones to complain they lost to HFTs or hedge funds but they never learned to adapt.