SImple Ea

Band System

EA for : MT5

To trade in Brazil Bovespa Stocks and futures

From a starting point, the system sets the stop loss  according to  parameter distanceand the profit target by multiplying the parameterdistanceby the parameter RR Racio

The stop loss is theoretical. And never closes the position at the stop loss. When it reaches the stop loss price, the EA changes the profit target and the stop loss according to the new starting point which becomes the reached stop loss price.

When it reaches the profit target it close the position and open a new position simultaneously in the opposite direction (eg if it was in a long position it opens a short position)

The parameters will be only:

Quantity:( futures contracts or number of shares)

distance:the distance in points (in case of futures) or in value (in case of shares), of the equal increments to set stop loss.

RR Racio: 

Start time: time ea begins to operate

Close time:the time it ceases to operate and close all positions

% Loss in the day: percentage threshold that the system may lose during the day. If it reaches this limit, it no longer operates on that day.

note: ea always starts with a long position

all the orders are limit orders