Bollinger Sniper Gold
- Эксперты
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Ignacio Agustin Mene Franco
My name is Ignacio, I have more than 5 years of experience in the market, both forex and synthetic indices, I program indicators to provide the user with a better trade! - Версия: 1.0
- Активации: 5
Bollinger Sniper Gold
Expert Advisor for MetaTrader 5, specialized for XAUUSD (Gold)
Bollinger Sniper Gold is a mean-reversion Expert Advisor (EA) that trades price extremes in gold. It combines Bollinger Bands with the RSI to enter trades only when the price becomes overextended and begins to revert.
How it trades
Buy trades: The price closes below the lower band, the subsequent candle closes back inside the bands with a bullish body, and the RSI has reached oversold territory within the last few candles.
Sell trades: The same logic applies in reverse, using the upper band and overbought territory.
Stop Loss: Placed beyond the extreme of the last two candles, with an added safety buffer.
Take Profit: Targets the middle line of the Bollinger Bands, provided a minimum risk/reward ratio is met. If the ratio is not met, a multiple of the risk is used instead.
Position management: Includes automatic break-even and trailing stop functions.
Risk management
Lot size is calculated based on a percentage of the account balance, adjusted according to the distance to the Stop Loss.
Includes limits on daily losses, the number of open positions, total volume, and margin usage.
Features controls for maximum spread and free margin, as well as an optional time filter.
On-chart control panel displaying live status, current Bollinger Band and RSI values, the most recent signal, daily P/L, and account data.
Recommended settings
Symbol: XAUUSD
Timeframe: M1
Recommended broker: Fusion Markets (offers low spreads)
Recommended capital: 500 to 1000 USD
Account type: Hedging
VPS: Recommended for 24-hour trading
