Forex Play

Forex Play EA is an automated Expert Advisor based on smart algorithm and some standard indicators like Bollinger Bands, Stand Deviation etc.

  • Money management - automatic lot calculation based on your risk per trade or manually set;
  • Broker SPY Module (Hidden Take Profit and Stop Loss);
  • Spread and Slippage Protection;
  • High Trading Frequency;
  • Flexible input options to use on different currency pairs;
  • This system uses no grid, no martingale, no arbitrage, no hedges;


Parameters

  • Distance from BB for open orders, pips, value depend on the pair you trade.
  • Period — Bollinger Band parameter, value depends on the time frame.
  • Deviation — Bollinger Band parameter, value depends on the time frame.
  • Price Type — Bollinger Band parameter, value = Close.
  • Shift — Bollinger Band parameter, value = 0.
  • Use additional checking for open orders — additional standard deviation check, value = false.
  • Timeframe for addition checking — StdDev parameter, value = current.
  • Period — StdDev parameter, value = 20.
  • MA method — StdDev parameter, value = Simple.
  • Applied price — StdDev parameter, value = Weighted price.
  • Range of standard deviation — EA parameter to limit trades when strong trend, value depends on the timeframe.
  • Shift — StdDev parameter, value = 0.
  • Use checking of reverse candle for signal — enabling this option will check for opposite candle before opening position, value = false.
  • Max orders — maximum positions EA will open, value = 10.
  • Max buy orders — maximum buy positions EA will open, value = 5.
  • Max sell orders — maximum sell positions EA will open, value =5.
  • Maximum spread — maximum spread, value depends on the pair.
  • TakeProfit, pips — take profit, value = 0.
  • StopLoss, pips — stop loss, value = 0.
  • Slippage, pips — slippage, value depends on the pair.
  • Use close by opposite signal — close if opposite signal, value = false.
  • Use close by MA cross — EA automatically close the open trade on the current chart middle Bollinger Band line, value = true.
  • Use hidden take profit — hidden take profit, value = true.
  • Hidden takeprofit, pips — take profit level, value depends on the pair.
  • Use hidden stoploss — hidden stop loss, value = true.
  • Fix lots — manual money management, option to set the position size, value = 0.
  • Use MM — auto money management, EA will automatically calculate the position size, value = true.
  • % from equity — percent of the account to be used for each additional trade, value = 10.
  • Trailing Stop — not recommended, value = false.


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