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Bollinger bands pips

The grid Expert Advisor opens trades by Bollinger Bands indicator signals.

  • Sell signal: Bollinger bands upper boundary.
  • Buy signal: Bollinger bands lower boundary.


Recommendations

  • A standard trading account, a reliable computer with a stable interned connection or VPS.
  • The minimum settings are set by default.
  • No more than 8 running EAs on one trading account.


Settings

  • RiskPercent- risk percentage, true or false.
  • RiskBalance- risk as percent of account balance (1% 1000=0.01, 10000=0.1, depends on your trading account).
  • MinLot- initial deal volume. If RiskPercent is on, lot is calculated based on balance.
  • MaxLot- maximum deal volume for the grid. Step = 0 - when reached, start again from MinLots or RiskBalance.
  • LotMultiplier- lot multiplier after an unprofitable deal, or if Step is greater than 0, function for the grid of orders. (Martingale), 1 - disabled.
  • LotMultiplier2- lot multiplier after a profitable deal, if Step = 0. (Martingale), 1 - disabled.
  • Step- distance between orders in points if the price goes to an unprofitable direction, a new trade will be opened, 0 - disabled.
  • UseCommissionCorrection- commission, true/false.
  • DefaultCommission- commission per one lot (100 000).
  • Stop - loss percentage of the open positions on the chart, the EA will stop its operation and resume on Monday.
  • StopLoss- stop loss for the first order only.
  • TakeProfit- take profit in points.
  • TrailingStop- fixed trailing stop; 0 - disabled, move a stop loss to breakeven.
  • TrailingStep- trailing stop step for following the price.
  • Modetickvalue- minimal price change of the instrument in deposit currency from the first deal, TakeProfit = 0 for all deals, true/false.
  • MaxSpread- allowed spread. If a spread is higher, the EA does not work, 0 - disabled.
  • NewBar- open and close deals on new bar, true/false. (StopLoss and TakeProfit not affected).
  • CloseSignal- close deals by signals.
  • TickVolume- uses 5 minute bar, if the Volumes indicator deviates at the open of a new bar, the EA will not open a trade, true/false. (StopLoss and TakeProfit not affected).
  • BBPeriod- period of the indicator.
  • BBDeviation- deviation.
  • BBShift- shift.
  • BBApply- apply to prices.
  • CloseTradesOnFriday- close deals on Friday, start trading on Monday: true/false.
  • FridayCloseGMTHour- close hour on Friday (GMT).
  • FridayCloseGMTMinute- close minute on Friday (GMT).
  • MondayStartGMTHour- open hour on Monday (GMT).
  • MondayStartGMTMinute- open minute on Monday (GMT).
  • Magic- each chart has its own magic number for deals.
  • InfoDisplay- show information on chart: true or false.
  • UseSound- a sound alert when a trade is opened: true or false.
Tamer Samir
129
2017.01.26 12:09 
 

i suggest editting this EA to become a "ONE WAY ONLY" (Short or long) due to the location of the bands

lower than a Simple Moving Average (Shorting only)

higher than a Simple Moving Average (longing only)

making the stop loss close price = SMA

Ovidiu Caslariu
7845
2016.05.20 21:31 
 

User didn't leave any comment to the rating

Hans-Joachim Morbach
52
2016.05.18 12:40   

I regret to say that its Bollinger Band pips überhaubt not work well. Worse, it no longer works well, or is it with the values together in Bollinger. Even concrete assistance for the settings do not exist for or what values you can take the best, so it is working properly. Until now, the pips fluctuated just minimal. How is it that Bollinger browsing for the slots themselves, although I have the slots set itself firmly. Incidentally! Bollinger heard another update with improvements made, this is from mid 2015. Thanks.

Version 4.50 - 2017.04.05
Added the CLOSE SYMBOL and CLOSE ALL buttons.
No more than 8 EAs can be run on one trading account.
Added parameter Stop - loss percentage of the open positions on the chart, the EA will stop its operation and resume on Monday.
TimeIntervalSekundsOpen - interval between closing and opening trades, in seconds, 0 - disabled.
Version 4.10 - 2017.03.07
Fixed an error with the LotMultiplier after a profitable trade.
Version 4.0 - 2017.02.24
Added functions:
RiskPercent - risk percentage, true or false.
MinLot - initial deal volume. If RiskPercent is on, lot is calculated based on balance.
MaxLot - maximum deal volume for the grid. Step = 0 - when reached, start again from MinLots or RiskBalance.
LotMultiplier - lot multiplier after an unprofitable deal, or if Step is greater than 0, function for the grid of orders. (Martingale), 1 - disabled.
LotMultiplier2 - lot multiplier after a profitable deal, if Step = 0. (Martingale), 1 - disabled.
UseCommissionCorrection - commission, true/false.
DefaultCommission - commission per one lot (100 000).
StopLoss - stop loss for the first order only.
TakeProfit - profit in points.
TrailingStop - fixed trailing stop; 0 - disabled, move a stop loss to breakeven.
TrailingStep - trailing stop step for for following the price.
Modetickvalue - minimal price change of the instrument in deposit currency from the first deal, TakeProfit = 0 for all deals, true/false.
MaxSpread - allowable spread. If a spread is higher, the EA does not work, 0 - disabled.
NewBar - open and close deals on new bar, true/false. (StopLoss and TakeProfit not affected).
CloseSignal - close deals by signals.
TickVolume - uses 5 minute bar, if the Volumes indicator deviates at the open of a new bar, the EA will not open a trade, true/false. (StopLoss and TakeProfit not affected).
Version 3.0 - 2017.01.16
A timer added, now the EA is updated once per 1 millisecond.
Added functions:
Step - distance between orders in points if the price goes to an unprofitable direction, a new trade will be opened.
RiskBalance - risk percent from account balance (1% 1000=0.01, 10000=0.1).
UseSound - a sound alert when a trade is opened: true or false.
InfoDisplay - show information on chart: true or false.
Removed functions:
LotMultiplier - lot multiplier (Martingale), 1 - disabled.
Lots - initial deal volume.
MaxLots - maximum deal volume.
StopLoss - when a stop loss is triggered, a deal multiplied by LotMultiplier is opened.
TakeProfit - profit in points.
Slippage - acceptable slippage.
TimeIntervalSekundsOpen - interval between trades in seconds.
MaxSpread - allowable spread. If a spread is higher, the EA does not work.
TrailingStop - fixed trailing stop; 0 - disabled, move a stop loss.
TrailingStep - trailing step.
UseCommissionCorrection - ECN commission: true/false.
DefaultCommission - return commission for 1 lot (100 000): increase TakeProfit, reduce StopLoss by the commission size.
Version 2.0 - 2016.06.21
Added new functions.