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Bollinger Bands Advanced

Hello,

If you are searching for a standard Bollinger Bands trading robot with advanced options/parameters, then this is the Bollinger Bands trading EA that you are still searching for.

Simply, It is trading the simple rule of the BB following the trend only.

  • No Martingale
  • No Grid
  • Low Risk
  • with Hedging ability
  • with Filtering ability


EA Parameters

  1. Magic Number: Trades' ID
  2. Fixed Lot Size: Trades' Lot Size
  3. Stop Loss (0 = Disable): Stop Loss in Pips
  4. Take Profit (0 = Disable): Take Profit in Pips
  5. Max. Slippage: Maximum Allowed Slippage (If exceeded, no trades will be placed)
  6. Lot Type: Selection of two options: Auto or Manual Lot Size.
  7. Fixed Lot Size: when selection is Manual mode, this value of the lot size will be same whatever the account balance.
  8. Amount for AUTO Lot: When you select the Lot Type = Auto, the lot size will be calculated on the entered balance that you entered in the EA inputs.
  9. Auto Lot Size Each Amount: Would be calculated with the Amount you defined in the EA inputs for Auto Lot Size.
  10. If Lot Type = Auto:

    Then Lot Size will be = Account Balance / calculated amount * calculated lot;

    calculated amount is the Amount for Auto Lot

    calculated lot is the Auto Lot Size Each Amount you defined to be calculated with the Amount for Auto Lot

    Example: You have entered the value of Amount for Auto Lot = 100

    & The value of the Auto Lot Size Each Amount Entered as = 0.01

    While your current account balance is 900$

    Then any placed trade will open 0.09 lot size, as 900/100*0.01

    If your account balance is 300$ then the lot size would be 0.03

    If Lot Type = Manual

    Then Lot Size = The Fixed Lot Size what ever the account balance is.

  11. Bollinger Bands Period
  12. Bollinger Bands Deviations
  13. Bollinger Bands Applied Price
  14. HTF: Higher Time Frame: It allows you to determine which time frame to make your filter as higher chart
  15. LTF: Lower Time Frame: It allows you to determine which time frame to make your filter as lower chart (Same values will trade with no filter)
  16. Enable Trailing Stop: True: will enable the Trailing Stop. False: will disable the trailing stop
  17. Trailing Start: The value in points, where the orders modification of Stop Loss should happen
  18. Trailing Stop: The update of Stop Loss in points. It will be updated when the value of Trailing Start has reached
  19. Trailing Step: The Trailing Step is used in conjunction with the Trailing Stop
  20. Break Even Start (0 = disable): The break even value will start in pips where you determined. The break even is that technique that prevent you from losing a win trade(s) by moving/creating a stop loss which is a profitable also.
  21. Break Even Value: The value in pips where you want to place your stop loss above(buy orders) or below(sell orders)
  22. Use Time Limitation: True/False value that enable/disable the robot working start and end time (false: robot will work 24 hours)
  23. Start Time: The time (in format HH:MM) that you would like to let the robot start looking for trading chances (only if true)
  24. End Time: The time (in format HH:MM) that you would like to let the robot stop looking for trading chances (only if true)

Trades all Pairs except the Oil, Metals... etc

Works 24/5 detecting good chances only

Works with all brokers

Works with all Account Types

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