Moving Average / Stochastics / Bollinger Bands EA for MT4

MQL5 Experts

Job finished

Execution time 17 hours
Feedback from employee
Thanks!!!!!
Feedback from customer
very good

Specification

EA: 

The Bollinger Bands EA is a forex robot which uses Bollinger Bands to enter a trade. 


ENTRY STRATEGY:

SELL: If the last bar closes above the upper band it enters a Sell Order in the next candle. 

BUY: If the last bar closes below the bottom band it enters a Buy Order in the next candle. 


FILTERS

MA Trend Filter

If the MA trend filter is set to True, the EA will only enter long positions if the current price is above the MA. Vice versa for short.


Stochastic filter

If the Stochastic filter is set to True, the EA will only enter long positions if the current Stochastic values are below a VALUE (oversold). The EA check the stochastic filter on the candle where it opens the position. Vice versa for short (overbought).


Other Functions

Money Management (risk per trade or static lot)

Take Profit

Stop Loss

Trailing Stop

Spread Filter

Day/Time Filter


OPTIONAL

Exit strategy

Close on middle Band: If the filter is set to True the trade will be closed if the middle Bollinger Band gets crossed or at SL.

Close on opposite Band: If the filter is set to True the trade will be closed if a candle closes below/above the opposite Band or at SL.

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Project information

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