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EURUSD Bands

The Expert Advisor opens trades based on the Bollinger Bands signals.

But it's not simple.

For example, if Bands width is narrow, Trailing Stop value must be decreased.

  • Currency: EUR/USD.
  • Timeframe: M15.


Indicator parameters

  • LotsPer - default value is 600, this value is initial deposit in USD. Lot Size = Balance / LotsPer * 0.1
  • FixLot - fixed lot size. If not 0, then Lot = Fix Lot. Default value is 0.
  • Slippage - allowed slippage before an order triggers. Default value is 10.
  • SLrateS - stoploss of sell = Bid*(1+SLrateS). Default value is 0.004.
  • SLrateB - stoploss of buy = Ask*(1-SLrateB). Default value is 0.008.
  • TrailingStopS - when sell, default value is 500. Trailing start is EA deciding.
  • TrailingStopB - when buy, default value is 100. Trailing start is EA deciding.

In particular, you can use without having to change any parameters.

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Version 1.50 - 2017.03.06
The parameters were adjusted.
Version 1.31 - 2016.04.25
Minimum Lot Size 0.1 → 0.01
Added TrailingStop parameter.
TrailingStopS - when sell, default value is 500. Trailing start is EA deciding.
TrailingStopB - when buy, default value is 100. Trailing start is EA deciding.