Bollinger Bands Simple
If you are searching for a standard Bollinger Bands trading robot, then this is the Bollinger Bands trading EA that uses the default indicator parameters:
- Period: 20
- Deviations: 2
- Applied Price: Close Price
Simply, It is trading the simple rule of the BB following the trend only.
- No Hedge
- No Martingale
- No Grid
- No Filter(s)
- Low Risk
- Magic Number: Trades' ID
- Fixed Lot Size: Trades' Lot Size
- Stop Loss (0 = Disable): Stop Loss in Pips
- Take Profit (0 = Disable): Take Profit in Pips
- Max. Slippage: Maximum Allowed Slippage (If exceeded, no trades will be placed)
The Main Differences Between this Version and the Advanced one
- Limited parameters, while same strategy/concept of the Advanced version! This may allow you to front test in low cost by renting it then shift to the Advanced version once you are determined to buy.
- No Hedging.
- No Auto-Lot type: only fixed.
- BB parameters are fixed (as default).
- This is the lower price version rather than Advanced version.
- No more updates for the simple version (except the fixing bugs and errors if found).
Trades all Pairs except the Oil, Metals... etc
Works 24/5 detecting good chances only
Works with all brokers
Works with all Account Types