Toco Bands
- エキスパート
- Nathan Jean-yves Emile Barbe
- バージョン: 1.2
- アップデート済み: 11 10月 2021
Coming all the way from the Amazon rainforest, Toco is proudly presenting his new Bollinger Bands based Expert Advisor.
How it works:
T.B. combines multiples indicators and signal triggers to bring the most from Bollinger-Bands squeezes.
Simple and effective, but with the toucan's twist.
The EA is equipped with a customizable Trailing Stop and AutoLot.
Recommended EURUSD parameters (latest one done on July 20th 2022) : https://drive.google.com/drive/folders/1J1LJEoM0Vs8Rux1D1cp6FvLq34VFlEC5?usp=sharing
Report and graph for 2019 1H EURUSD (Broker : Forex.com) in the Comments Section -->
Minimum Recommended Deposit : €100.
No curve fitting. This product has been tested many times on random time periods provided an excellent history quality(& spread).
The trading pair I used to show and optimize the results is EURUSD but feel free to calibrate it for any FOREX pair.
The default parameters of the E.A. were the recommended ones during the time it has been tested upon for the latter pair on Forex.com (the E.A. must be optimized monthly as market condition changes).
Tested on the following brokers : MetaTester_Demo, Forex.com, Alpari_MT5, TickmillEU.
Set-up instructions:
- 1H Time-Frame or higher is recommended (BBands breakout must overall be well delimited and clear)
- leverage depends on your initial deposit ant lot size, for instance, at 10 000€ (lot_b=0.1 lot_s=0.01), 1:50 is enough to avoid any risk of "Not enough money" error
- wait_threshold : time in bars for which the bands should tighten before triggering a signal
- signal_window : signal expiration time in bars
- vol_max : max volume considered before the breakout
- s_b_lim & b_b_lim : parameter adjusting the close conditions of a position (sell_back & buy_back) in % of the pick Bands thickness
- deviation: deviation of the Bollinger-Bands
- reduced_sl_factor : number (1=100%) responsible for the stop loss to move in the direction of the trade : a too large number means potential profit loss, a too small a potential missed profit
- a : day of December when the EA stops submit positions before resuming the next year (December volatility sometimes too high and risky)
- rsi_inc : number of consecutive bars of RSI/price divergence to open a position
For any question, you can send me a private message or post a comment.
E.A. features to know:
- The EA works with one pair at the time.
- Adjustable "Trade free" period during Xmas holidays.
- Adjustable maximum spread.
- Customizable base Stop-Loss and Take-Profit for both short and long positions.
- Maximum lot size (in micro lots) input parameter.
- Pair volume compatibility check.
- Errors on a trade can't influence the algorithm.
- Use of several exit plots, limiting T.P. only exit risks.
- No use of any high risk trading strategies (martingale, grid, averaging down...).
Always looking to improve : A lot of work has been dedicated to this program so feel free to rate and comments on your issues/advises, any criticism is welcome as long as it is constructive.
Disclaimer : Keep in mind that market condition is changing constantly, therefore history profit does not guarantee future results. This EA is based on trade signals from renown indicators, deducing rough but relatively safe and tested predictions. It CAN'T match a human real-time analysis. So don't expect an unlimited profit machine, there is no such thing.
Looks good!