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V Max Free

V Max

 

One of the most common Bollinger Band strategies is using them to gauge if a market is overbought or oversold.A lot of traders will use these bands and look for price to revert back the middle band or to the mean.When using a mean reversion strategy we are assuming that if price deviates or moves too far away from the mean it will eventually have to come back.This is often looked at as price moving back from an overbought or oversold market into more true value. Bollinger Bands react to price as it is being created in live time. They will constrict and expand as price moves depending on what the price action is doing.That's why I added a corridor-size filter. See how effective Bollinger becomes then.


Partial closing + new multiplier (specially for V - Max) + Bollinger Bands


V Max Free works only on USDCAD currency pair and three days a week. The full version of the product has no limitations. Full version.

Trade daily with the full version. Only 38 USD - while stocks last :)


Principle of operation:




             lower=iBands(NULL,0,period,Deviations,0,PRICE_CLOSE,MODE_LOWER,1);
             upper=iBands(NULL,0,period,Deviations,0,PRICE_CLOSE,MODE_UPPER,1); 
             corridor=upper-lower;
             
           
             if(Close_1>upper && corridor>cooridor_chart*gpoint_320)return(sell);
           
             if(Close_1<lower && corridor>cooridor_chart*gpoint_320)return(buy); 

            
                   x < sell
             --------------------MODE_UPPER
                   x
                   x
                   x
                                               corridor
                            x
                            x
             --------------------MODE_LOWER
                            x < buy


           Close a position (default settings)
          
          Open positions = 6


          1---------------
          2---------------
          3---------------   1,3,4,5,6 <----  close
          4---------------
          5---------------
          6---------------




    
    
    
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
 Open positions = 7



    
    
    
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
1,4,5,6,7<----  close
e.t.c.


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⭐   ⭐   ⭐   ⭐   ⭐  LAST WEEK PROMO PRICE!!!   🏃   🏃   🏃   Buy this EA gives you the right to get the second EA for free:     https://www.mql5.com/en/blogs/post/740436 Only 10 copies for $199 (next price --> $249 ) The Set File:/  GOLD_M5.set    For quotes of 3 digits after points set the  Digits number after points parameter =3 This GOLD EAgle is created for the XAUUSD (GOLD). This is a trend strategy that uses the TrendLine PRO indicator and trades on the M1-M15 timeframes The EA has a mo
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Oon Kar Lee
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