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Moving Band EA

Moving Band EA is an Expert Adviser which is trend based and trades using the intersection of Moving Averages and Bollinger Bands.


Input Parameters

  • Distance from Highest Sell Allowed: If a Sell signal appears, price must be above the highest open sell order, plus this distance in points (even higher)
  • Distance from the Lowest Buy Allowed: If a Buy Signal appears, price must be below the lowest open buy order, minus this distance in points (even lower)
  • Total Open Sells Allowed: Maximum number of open sell orders
  • Total Open Buys Allowed: Maximum number of open buy orders
  • Close on opposite signal?: Enable to close all buy orders on a sell signal, and close all sell orders on a buy signal
  • SL/TP Method:
    • Static:
      • Set SL to the level in "Stop Loss in Points" and
      • TP to "Take Profit in Points".
    • ATR:
      • Set SL to the amount of ATR multiplied by "ATR/Moving Average Multiple, for SL"
      • TP to the amount of ATR multiplied by "ATR/Moving Average Multiple, for TP"
    • Moving Averages:
      • Set SL to the distance of smallest to biggest MA, multiplied by "ATR/Moving Average Multiple, for SL"
      • TP multiplied by "ATR/Moving Average Multiple, for TP"
    • Bollinger Bands:
      • Set SL to the upper BB for sells and the lower BB for buys
      • TP to lower BB for sells and upper BB for buys
    • ATR period, for ATR Stops: Period for ATR if ATR for SL/TP is Active
    • Place System Stops? (SL/TP): If off, SL and TP are stealth
  • Lot Calculation Method:
    • Lot Value - Static Lot
    • % of Equity - A % of Equity that will be lost if SL is hit
    • % of Balance - A % of Balance that will be lost if SL is hit
    • % of Free Margin - A % of Free Margin that will be lost if SL is hit
    • $ amount - The amount of Money that will be lost if SL is hit
  • Lot Value: Input for use with Static Lot
  • i%R lost if SL is hit (for lots): input for use with % of Equity/Balance/Free Margin
  • $ lost if SL is hit (for lots): input for use with $ amount
  • Splits total (max 20): Split the Take Profit into more levels (the amount given here). Don't set to 0
  • Use Break Even ?: Enable/Disable the Break Even mechanism
  • Ticks in Profit for Application of Break Even: When this amount of profit is reached, the Break Even is applied
  • Trailing Method:
    • Standard - Classic Trailing with Trail Above level and Trail Distance
    • Grid - Trailing on the TP that are produced by the Split input above
    • Bar - Trailing in the Highs of previous bars for Sells and Lows of previous bars for Buys
    • Ma45 - Trailing on the Moving Average, period 45
    • Ma100 - Trailing on the Moving Average, period 100
    • Don't Trail - No Trailing
  • Standard Trailing Trail Above Ticks: Standard Trailing, if these number of points are crossed in a trade, the trailing begins
  • Standard Trailing Trail Distance: Standard Trailing, the distance of the trail to the price in points
  • Standard Trailing Acceleration: Speed of reduction of Trailing Distance with every new Trail Application
  • Grid Trailing, Trail Above in Splits: After the amount of TP lines (from the Splits) is reached, Grid Trailing begins
  • Grid Trailing, Trail Distance in splits: Distance behind price for Grid Trailing, given in amount of TP lines (from the Splits)
  • Bar Trailing, Bars for SL Discovery: Bars to look back for Bar Trailing (to get the highest high, or lowest low)
  • Kill TP on first Trail?: If On, TP will be removed once Trailing begins
  • Trail Only above Risk: Reward level - If enabled, trailing will only begin above a Reward level mentioned in "Trail above rr level 1:Reward--> Enter reward"
  • Only Place Trail in Profit Area?: If On, positive SL while Trailing
  • Close Partial on Split Levels?: Partially close the trade on every TP line (from Splits)
  • Slippage points Max: Maximum slippage while entering trades
  • Limit Spread ?: Enable/Disable max spread
  • Maximum Spread Allowed (if the above setting is On): Max spread value


Summary

  • Moving Band EA is a trend based EA that can be run on Forex, Indices and Stocks.
  • Input parameters have to be optimized as per user need.
  • Works on all timeframes.
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