BB St Dev SG
The Expert Advisor trades based on Bollinger Bands.
Upper and lower parts of the Bollinger channel are calculated by means of iStdDev.
iStdDev is a standard indicator in МetaТrader 4.
This EA works on EURUSD M30
- TradeR — mode parameter
- If TradeR = True, the EA determines the lot size.
- If TradeR = false. You can specify 'Lots:' in your discretion.
- BandsDeviations — channel generation factor.
Unlike the classic Bollinger Bands, BandsDeviations can have every value here.
- Risk — risk size. For brokers where 1 lot = $100000, Risk should not exceed 2. For example: risk = 1,537, which is 15,37% of the account.
- Lots — lot size.
- М — Period for Bollinger
- Stop (45 = 0,0045) — Stop Los
- TakeProfit (145 = 0,0145) — Preset Take Profit level
- Magic — Magic number of the order.