EURUSD Bollinger Bands
The Expert Advisor carries out the trades based on Bollinger Bands indicator. The EA is only designed and optimized for EURUSD trading. It is a complex and strong strategy for professional traders and investors around the globe. It is not “get rich in a week“ kind of strategy and you need to allow time before you judge it. Backtest shows over 667 trades over period of 7.5 years with the maximum drawdown of 13.3% and Profit Factor of 1.29. All this (at quality of backtest at 99%) gives this strategy real edge over others. Together with Monte Carlo analysis, this strategy passed all the robustness test and filters and is ready for trading without any further optimization.
Note: Remember that every strategy has loss periods, so do not panic if you will not see the profits within a few weeks. Also, I would recommend to have a look at my other strategies in order to build portfolio to maximize profits and minimize the loss.
- MinimumSLTP = 60 – minimum SL/TP
- MaximumSLTP = 120 – maximum SL/TP
- UseMoneyManagement = false – enable/disable auto money management
- Lots Decimals = 2 – a broker should support trading in micro lots; if your broker does not support micro lots, set it to 1
- RiskInPercent = 2.0 – risk in percent for one trade from account balance if you use Auto money management
- Maximum Lots = 0.5 – maximum allowed lots for trading
- Use Fixed Money = True/False
- Risk In Money = if you risk money instead of lots or %
- Max Trades Per Day = you can limit how many trades will be executed a day
- MaxSlippage = 3 – maximum slippage
- MagicNumber = 12345 – trade ID
- CustomComment = custom comment in history
- DisplayInfoPanel = false – enable or disable the info panel on the chart
- All other settings are self-explanatory. However, do not hesitate to contact me if you are not sure.