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MAGIC Bollinger Basket

MAGIC Bollinger Basket


Tired of loosing?

Here comes the solution.

An EASY to use like the ABC fully automated EA.


The MAGIC Bollinger Basket EA is a fully automated Expert Advisor with the use of a martingale system as an option.

The Bollinger Band and the RSI indicator are used for entries. 


The advantage of a Basket Trader, is the function to calculate for all open trades of the same symbol and the same direction a break even point. 

From there the defined TakeProfit will start. It is like trading 1-2-3-4-5, you name it, open Positions as one single Position.

The potential of a Basket Trader is enormous. 


Example: long, TP 25 pips

EURUSD first trade at 1.125 => TP at 1.1275 trade is going in the wrong direction, but don't worry.

EURUSD second trade at 1.12, 

here the basket function starts working and calculate for both trades the following:

Break even 1.1225 => TP at 1.125



This is an EA which you set up and forget about. Let the robot do its job.


General Recommendations

Default settings recommend for EURUSD M15.


Input parameters

The product works all Forex pairs. Specify values in pips and it will automatically recalculate everything nevertheless what digit broker you are using.


You can use 3 risk levels:

1) A for Aggressive Trading Mode which includes the Mrtingale Function (the multipli will be defined by you) 

2) B for Balanced Trading Mode. The Position size quals the open position number. Trade 1 you start with 0.01 lot, means that Position 2 will have the size of 0.02 lot

3) C for the Conservative Trading Mode. You will define a Position size which will not change. All Poitions will open with the defined size.


Money Management:

you can choose between Trading Modes A, B or C.

  1. A_Aggressive Mode, B_Balance Mode, C_Conservative mode 
  2. Stopploss the standard is set to 250, to allow the Basket Trader to do his work
  3. Takeprofit the standard is se to 25
  4. Calculator for Martingale the standard is set to 25 % Trail. This results in a Multiplier for the next Martingale position of 3.
  5. Number of Max allowed trades at the same time. Standard set on 5


Bollinger Band setting:

you can choose and change the Bollinger Band Period and Deviaton. Standard is set to 20 and 2.


RSI setting:

You can choose and change the RSI Period, the High and Low Level. Standard is set to Period = 14; High = 85 and Low = 15. These settings showed the best result in EURUSD M15.


Extras:

  1. Show comment the standard is set to true. You should deactivate it when runnig the tester. In the live version it is quite usefule as it is showing:
  2. Total open buy order
  3. Total open buy lots
  4. Break Even of buys
  5. Total open sell orders
  6. Total open buy lots
  7. Break Even of sells
  8. Account balance
  9. Number of Max allowed trades 
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Denis Kurnev
4.53 (15)
AI NeuroX EA is an innovative trading advisor based on advanced artificial intelligence technologies, including neural networks and the Perplexity and GPT-4 platforms. This advisor has a unique ability to analyze and predict the dynamics of financial markets using deep learning and advanced algorithms. Thanks to the intuition that even the most experienced traders would envy, AI NeuroX EA is capable of developing unprecedented trading strategies, ensuring excellent performance. This advisor oper
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4.88 (49)
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4.92 (38)
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This indicator is based on the standard MACD indicator, but showing the changes up and down colored. It is a nice assistance to visualize our Expert MAGIC MACD. MAGIC MACD MT4: https://www.mql5.com/en/accounting/buy/market/41144?period=0 MAGIC MACD MT5: https://www.mql5.com/en/accounting/buy/market/41151?period=0 Inputs in the Indicator: Fast EMA: standard is 12 Slow EMA: standard is 26 Signal: depending on what you want to see. For the MAGIC MACD the standard is 1 in common settings: Fixe
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MACD Master Our MACD Master is the Expert Advisor you were searching for. It is easy to set up and brings Money Management such as automated or fixed Stop loss, risk management with fixed amount or percentage on the Account Balance or Account Equity and the most important for a solid system, the definition of the risk ratio - CRV. How does the system work? The system is based on the original idea of the MACD. Whenever the fast EMA and the slow EMA of the MACD are crossing a sell or buy signal
Magic MACD Basket Tired of complicated Trading systems? Searching for an easy system with constant profits? You need an easy to use system? Handling a robot easy like the ABC! Here we go...   Our Magic MACD Basket EA is a fully automated Expert Advisor with the use of a smart martingale system (Calculates the martingale multiplier according to your defined trace in pips) as an option. The advantage of a Basket Trader is the function to calculate for all open trades of the same symbol and the
This EA trades using Moving Averages Crossovers. It offers fully customizable settings, flexible position management settings. Easy to use and supervise Fully customizable moving average settings Customizable TP Works for ECN/Non-ECN brokers Works for 2-3-4-5 digit symbols Trading can be NFA/FIFO Compliant Trades will be closed on opposite signals Built-in money management The EA implements the following behaviors: Regular: Buy on bullish crossovers and sell on bearish crossovers Reverse: closes
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Version 2.1 2019.08.27
Version 2.1
- new Trading Overview in an ApWindow