definition of a Bollinger bounce

 

Hi,


Im attempting to write an EA from a manual system that I have been trading.


I have an EMA centre and a couple of bands either side. When the price bounces of either of the BB's then I will open an order in the direction of a stoch indicator.


My issue is that when I trade this manually I make adjustments to when to actually open an order depending on the market conditions.


Is there any "standard" thoughts as to when a direction change is actually more than likely going to stick i.e. - two same type candles in a row that are closed etc. Im working of a 1M chart.


My other issue is that Im looking at another time frame before placing an order. Is it possible that my EA can also interact with the other time frame chart ( 5M )?


Thank you

 

Is it possible that my EA can also interact with the other time frame chart ( 5M )?

yes.

All the built-in functions that start with "i" -- iTime(), iClose(). iMA(), etc etc, take a Symbol() and a Timeframe as parameters.

Reason: