PriceActionAi Bollinger Bands SPA
This EA is intended to assist with surveying and trading performance statistics with Bollinger Bands Indicator.
Caution: This EA should be used for testing, statistical and analytical purposes. It is not recommended to use it as a true trading robot, unless you have an effective plan with it.
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Conditions of entry
Only one order at a time can be opened, at the end of the order can the next order be opened
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General conditions
The Band Upper value minus the Band Lower value must be greater than or equal to the Range UL configuration value
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BUY order conditions
When the Ask price is in the range of the Band Lower value minus the configuration value of the Spin and the value of the Band Lower plus the configuration value of the Spin
In Reverse mode, the SELL command will be opened instead of the BUY command.
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SELL order conditions:
When the Bid price is in the range of the Band Upper line minus the configuration value of the Spin and the value of the Band Upper plus the configuration value of the Spin.
In Reverse mode the BUY command will be opened instead of the SELL command.
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Configuration parameters
2.1. Basic parameter group
A. System Settings
- Day of week: Day of the week
- Trading Hours: Hours of the day
- Minute Min: From minutes
- Minute Max: Up to the minute
- Magic number: EA ID number
B. Trading Settings
- Balance stop percent (0 = No Stop): Trade stop level. Once the profit / loss is loaded at this%, the EA will stop running.
- Reverse: Reverse
- Spread Limit (in points): The maximum spread when checked for entry
- Slippage Limit (in points): Maximum price slide when entering the order
C. Volume Settings
- Money management (LOT or RISK): Capital management
- In the case of choosing LOT: The value for money management: is quantity (eg: 0.01)
- In the case of choosing RISK: The value for money management: is a percentage (Example: 1)
D. SLTP Settings
- Stop Loss (in pips): Stop loss
- Take Profit (in pips): Take Profit
E. Trailing Stop Settings
- When the current bid / ask price is about 1 distance from the initial set SL point by Trailing Stop + Trailing Step, then drag SL 1 about Trailing Step, following the direction of trend development.
- Trailing Stop (in pips, 0 = No Trailing): Stop loss
- If Trailing Stop is 0, this function will not work
- If Trailing Stop is different from 0, then Trailing Step must be entered
- Trailing Step (in pips): The jump range of the SL
2.2. Parameter group characteristic
Bollinger Bands Trade Setting
Period: The average number of candles. Default value is 20
Shift: Indicator parameter. Default value is 0
Deviation: Standard deviation. The default value is 2
Applied price: Applied moving averages with candle prices. The default value is Close
Close
Open
High
Low
Median Price (HL / 2)
Typical Price (HLC / 3)
Weighted Close (HLCC / 4)
Range Band Upper to Lower Check (> =) (in pips): The distance between the upper band and the lower lower band (in pips)
Bollinger Band Spin Price Check Open Position (in points): The distance from the Bid Ask price to the Band Upper or Band Lower (in pips)
Good luck and Happy trading.