FXNinja
- Experts
- Mduduzi Gift Ngcebo Langa
- Versione: 2.48
This EA implements a range trading strategy using three key indicators:
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Bollinger Bands:
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Identifies overbought (upper band) and oversold (lower band) conditions
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Default period: 20, deviation: 2.0
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Relative Strength Index (RSI):
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Confirms overbought/oversold conditions
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Default period: 14
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Overbought threshold: 70
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Oversold threshold: 30
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Moving Average:
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Determines the overall trend direction
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Default period: 35 (SMA)
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Entry Conditions:
Buy Signal:
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Price touches or crosses the lower Bollinger Band
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RSI is below the oversold level (30)
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Price is below the Moving Average (confirming range conditions)
Sell Signal:
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Price touches or crosses the upper Bollinger Band
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RSI is above the overbought level (70)
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Price is above the Moving Average (confirming range conditions)
Exit Conditions:
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Price crosses the Moving Average in the opposite direction
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Take Profit or Stop Loss is hit
Features:
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Configurable parameters for all indicators
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Position sizing control
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Risk management with Stop Loss and Take Profit
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Prevents over-trading with time-based filters
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Works on any timeframe and cross pair
To use this EA:
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Attach it to a chart of the cross pair you want to trade
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Adjust parameters as needed for your specific trading style
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Test thoroughly in a demo account before live trading
