PriceActionAi Bollinger Bands SPA

This EA is intended to assist with surveying and trading performance statistics with Bollinger Bands Indicator.

Only one order at a time can be opened, at the end of the order can the next order be opened

• General conditions

  The Band Upper value minus the Band Lower value must be greater than or equal to the Range UL configuration value

• 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.

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.

2. 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)