FXNinja

This EA implements a range trading strategy using three key indicators:

1. Bollinger Bands:

   • Identifies overbought (upper band) and oversold (lower band) conditions

   • Default period: 20, deviation: 2.0

2. Relative Strength Index (RSI):

   • Confirms overbought/oversold conditions

   • Default period: 14

   • Overbought threshold: 70

   • Oversold threshold: 30

3. Moving Average:

   • Determines the overall trend direction

   • Default period: 35 (SMA)

Entry Conditions:

Buy Signal:

• Price touches or crosses the lower Bollinger Band

• RSI is below the oversold level (30)

• Price is below the Moving Average (confirming range conditions)

Sell Signal:

• Price touches or crosses the upper Bollinger Band

• RSI is above the overbought level (70)

• Price is above the Moving Average (confirming range conditions)

Exit Conditions:

• Price crosses the Moving Average in the opposite direction

• Take Profit or Stop Loss is hit

Features:

• Configurable parameters for all indicators

• Position sizing control

• Risk management with Stop Loss and Take Profit

• Prevents over-trading with time-based filters

• Works on any timeframe and cross pair

To use this EA:

1. Attach it to a chart of the cross pair you want to trade

2. Adjust parameters as needed for your specific trading style

3. Test thoroughly in a demo account before live trading