Bollinger Bands EA
This Expert Advisor is based on Bollinger Bands. It uses trend-following strategy (DEMA) and Bollinger Bands indicator.
The advance of this EA uses stop loss and take profit input parameters it makes to protect trader's money.
Strategy Tester during last 11 month (EURJPY H4) form 2015.01.01 to 2015.12.05.
- bands_period - Bollinger Bands period;
- dema_period - DEMA period;
- bands_shift - Bands shift;
- deviation - Standard deviation;
- Lot - Trade volume (in lots);
- StopLoss - Stop Loss (pips);
- TakeProfit - Take Profit (pips).
- Open long position: DEМА is growing up and white (bull) candle crossed the Lower Bollinger Band from below to above.
- Open short position: DEМА is falling down and black (bear) candle crossed the Upper Bollinger Band from above to below.
- Close long position: Black candle crossed the Upper Bollinger Band from above to below.
- Close short position: White (bull) candle crossed the Lower Bollinger Band from below to above