Expert Advisor based on Bollinger Bands for MT5.

Trade opening.

There are 2 modes. They affect trade opening only.

1.       BB mode.

Trade opens when the price crosses the top BB line down up. (BUY). Applies to the candle opened at the specified time (input parameter).

Trade opens when the price crosses the bottom BB line top down (SELL). Applies to the candle opened at the specified time (input parameter).

2.       Open+ mode.

Trade opens when the price has increased by X points (input parameter) since the opening of the candlestick opened at the specified time (input parameter). (BUY)

Trade opens when the price has fallen by X points (input parameter) since the opening of the candlestick opened at the specified time (input parameter). (SELL)

(no indicators are used)

Closing the trade.

There are 5 variants, all are the same for both modes.

1.    TP (input parameter)

2.    SL (input parameter)

3.       When a certain number of candles (input parameter) have passed since the candle opened at the specified time (input parameter). 

4.       Breakeven. When the price goes in the right direction, after passing a certain number of points trade has to be transferred to breakeven.

5.       When the price returned to the open price of the candle opened at the specified time (input parameter). 

Only one SELL or BUY at time.

There is a detailed specification with picture.