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Usdjpy Bands

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

But it's not simple.

The EA has been developed and optimized for

Currency: USD/JPY

Timeframe: M15


Indicator parameters

  • Sell Entry Bands - Default value is 2.0.
  • Sell Exit Bands - Default value is 2.9.
  • Buy Entry Bands - Default value is 2.4.
  • Buy Exit Bands - Default value is 3.2.
  • LotsPer - default value is 60, this value is initial deposit in USD. Lot Size = Balance / LotsPer * 0.01. Checking Step for changing lots, so minimum Lot Size 0.1 , 0.01 and so on are supported.
  • 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 - stop loss of sell = Bid*(1+SLrateS). Default value is 0.012.
  • SLrateB - stop loss of buy = Ask*(1-SLrateB). Default value is 0.023.
  • TrailingStopS - when sell, (Ask+TrailingStopS*Ask,Digits). default value is 0.006. Trailing start is EA deciding.
  • TrailingStopB - when buy, (Bid-TrailingStopB*Bid,Digits). default value is 0.004. Trailing start is EA deciding.

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

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Version 1.51 - 2017.05.31
Added BandsDeviations parameters.
Sell Entry Bands - Default value is 2.0
Sell Exit Bands - Default value is 2.9
Buy Entry Bands - Default value is 2.4
Buy Exit Bands - Default value is 3.2

Some parameters adjusted.
SLrateS - Default value is 0.013 → 0.012
SLrateB - Default value is 0.019 → 0.026
TrailingStopS - Default value is 0.003 → 0.006
TrailingStopB - Default value is 0.003 → 0.004