An Expert Advisor based on Bollinger Band

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Great Coder. always reply to questions and has a can-do attitude!

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  1. The indicator is BollingerBand with:  Period 20 ,shfit 0 and the deviation is 2. apply to CLOSE. But the bollinger band should not be shown in the EA. 
  2. Default time frame is m15. but can be used in all time frame.
  3. EA will Open BUY if the candle is closed 2 pip / 20 points below the BB.
  4. EA will Open SELL if the candle is closed 2 pip / 20 points above the BB.
  5. if open position/ OP and take profit happen within the same candle  , then that candle should not be count, even though the candle closes above or below the Bollinger Band, meaning that even though the candle close above/below the Bollinger band, it is a no trade for the next candle (see picture)
  6. The candle close below/above Bollinger Band should differ 20points / 2 pip from the Bollinger Band. if it closes not below/above 20points, its a VOID / No Trade.
  7. Support manual order by the user , and if the user input order manually, the EA will handle it self, 150point per trade open for the TakeProfit.
  8. If open 1 position, then the TP is 150point / 15 pips. if open 2 position (martingle) then the TP is accumulation of 300points / 30pips
  9. Max Order Default is 3. while the first order is when the candle closed above/below the BB, the second order of martingle is when the Distance in the input is meet. default is 1000points/100pips.  (see picture)
  10. Stop loss is : If the floating position is Sell, and there is a candle closing below the BB, or Opposite signal,  then close all the sell, and OP Buy (see picture attach). So there is no contrarian trade. max 3 open buy OR max 3 open sell. and if it has not meet the Take Profit, but the contrarian candle /opposite signal  happen, then closed all position even though its a loss. (see picture)
  11. The TakeProfit is shown in the Chart so that user can know where is the TakePoint position (might show in line). So if user open a manual order, the line of TakeProfit will move/change accordingly.



input parameter for the EA :

  1. Distance (points) : 1000 default
  2. TP (points) : 150 default
  3. SL (percentage) : 0 default (this is the SL by percentage of the equity, if 0 means no SL, if 10% meaning : if Drawdown hit 10%, stop all order)
  4. Magic Number : make it 678 if possible (im not really sure what this is)
  5. EA Comment : B5-Pro (can not be changed by user, but make it available for me to change)
  6. Starting Lot : 0.01 default
  7. Multiplier : 2 default (multiplier of the lot size. 0.01 to 0.02 to 0.04, make it round to the upper)
  8. MaxOrder : 3 default
  9. Buy and Sell : buy only, sell only, buy and sell (also available in the interface) 
  10. StopNewOrder : stop opening new order (available in the interface)
  11. ManualOrder : Yes or No
  12. Alert : Yes or No (if yes, send push notification to metaquote id)
  13. (please suggest more if you think needed.)

NB : I want to make this EA available in any of these :
a. based on activation, like the on in mql5.com
b. based on the Name (so cannot be given to other person)
c. based on the account number.
d. based on time expiry

















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